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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Industrial properties
525 Spice Iss Dr Sparks, NV 89431-7166
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0056096
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
METAL FRAME
Total area
22,250 SF
Lot
2 ac (87,251 SF)
Zoning code
I
APN
034-070-35
UPID
US62-0056096
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.99M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$1.99M
Owner & transaction history
Vvg Real Estate Holdings LLC · 2 yrs held
Vvg Real Estate Holdings LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,990,000
ML approach
$1,990,000
CAP Approach
CAP Return
Estimation
6%
$2,000,000
6.5%
$1,845,000
7%
$1,715,000
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.99M (Jun 5 2024)
Last sale anchor
$1.99M
Jun 5 2024
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
$89 / 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
$15,133
Tax year 2023
Assessed value
$545,952
Assessed 2023
Previous assessed
$545,952
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$274,809
Assessed improvement
$271,143
Land market value
$785,169
Improvement market value
$774,694
Total market value
$1,559,863
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
22,250 SF
Lot
2 ac (87,251 SF)
Zoning code
I
APN
034-070-35
UPID
US62-0056096
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NV
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1988
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Vvg Real Estate Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2429 PECK RD, WHITTIER, CA 90601-1605
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$1,987,590
Vvg Real Estate Holdings LLC
Velocity Dealership Acquisition LLC
Bargain And Sale Deed
—
Jun 1, 2020
$1,500,000
Velocity Dealership Acquisition LLC
525 Spice Island And Drive LLC
Bargain And Sale Deed
—
Mar 1, 2019
—
525 Spice Island Drive LLC
—
Deed
related
$2,255,000 · Wells Fargo Bk
May 10, 2005
$1,280,000
525 Spice Island Drive LLC
Truck Parts & Equipment
Quit Claim Deed
related
—
Jul 30, 2004
$1,550,000
Truck Parts & Equipment Co
P & M Developpment
Grant Deed
—
—
—
525 Spice Island Drive LLC
—
Loan Modification
related
$2,255,000 · Wells Fargo Bk
—
—
P Development
—
Deed Of Trust
related
$780,000 · Bank Of The West
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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