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Property profile & analytics
OFF-MARKET
Estimated value
$16,850,000
Outlet malls
520 Mccarran Blvd Sparks, NV 89431-5278
Entity Owned
Absentee Owner
Free & Clear
Property ID
US62-0794472
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,630 SF
Lot
8.15 ac (355,101 SF)
Zoning code
MUD
APN
037-061-20
UPID
US62-0794472
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ross Dress for Less Women'S Clothing Store Clothing Store
-
Amazon Locker - Attilia Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.37M
CAP Approach
CAP
$18.73M
Comparable Approach
Comparable
$21.56M
Blend (final)
Blend
$16.85M
Owner & transaction history
Silver State Plaza Exchange LLC
Silver State Plaza Exchange LLC
since 2025
Last sale
$15.8M
5 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.4M
+30.5%
Apartment house (5+ units)
$17.4M
+23.2%
Industrial (general)
$15.2M
+7.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sparks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparks submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$12,365,000
CAP Approach
CAP Return
Estimation
6%
$20,285,000
6.5%
$18,725,000
7%
$17,385,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,105,000
Current use
MEDICAL BUILDING
$18,410,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,375,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,185,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$13,595,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,200,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$16.85M
Range $15.17M – $18.54M · ±10% · vs last sale $15.80M (Dec 23 2020)
Last sale anchor
$15.80M
Dec 23 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$320 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$92,861
Tax year 2023
Assessed value
$2,618,962
Assessed 2023
Previous assessed
$2,334,191
+12.2% YoY
Effective rate
3.55%
On assessed value
Assessed land
$1,180,711
Assessed improvement
$1,438,251
Land market value
$3,373,460
Improvement market value
$4,109,288
Total market value
$7,482,748
Applied tax rate
2,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
52,630 SF
Lot
8.15 ac (355,101 SF)
Zoning code
MUD
APN
037-061-20
UPID
US62-0794472
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$18.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.4M
INDUSTRIAL (GENERAL)
Est. value
$15.2M
OFFICE BUILDING
Est. value
$13.6M
COMMERCIAL (GENERAL)
Est. value
$13.2M
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
8.15 ac
Current owner
From public records · entity-resolved
Silver State Plaza Exchange LLC
Entity
Free & Clear · 0 yrs held
Mailing address
350 PNE ST STE #800, BEAUMONT, TX 77701-2434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
$25,500,000
Silver State Plaza Exchange LLC
Acs Silver State Plaza Nv LLC
Bargain & Sale Deed
—
Jan 25, 2021
—
Acs Silver St Plaza Nv LLC
Silver St Station LLC
Quit Claim Deed
related
—
Jun 13, 2019
—
Silver State Station LLC
—
Loan Modification
related
$50,904,354 · Aareal Cap
Apr 10, 2013
—
Silver State Station LLC
—
Loan Modification
related
$84,000,000 · Bank Of America California NA
Dec 8, 2008
$12,286,500
Silver State Station LLC
Sparks Center Associates
Trustees Deed
$207,500,000 · Bank Of America California NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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