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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Hotels
55 Nugget Ave Sparks, NV 89431-5819
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0397535
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1973
Construction
FRAME
Total area
144,150 SF
Lot
3.99 ac (173,804 SF)
Zoning code
MUD
APN
034-101-08
UPID
US62-0397535
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
-
Holiday Inn Reno-Sparks Hotel & Motel
-
Best Western Plus Sparks-Reno Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Achilles Hospitality LLC · 4 yrs held
Achilles Hospitality LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These districts provide a mix of uses, including high-density residential. The district allows vertical and/or horizontal mixing of uses on sites. The regulations create mix of uses with an efficient and compact development pattern that encourages shared parking and economical use of land. Higher density and intensity is transitioned away from established ne…
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
836.03 ac
Source
Realmo
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
$970,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.13M (Jun 21 2022)
Last sale anchor
$1.13M
Jun 21 2022
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
$8 / 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
$102,410
Tax year 2023
Assessed value
$3,134,082
Assessed 2023
Previous assessed
$2,765,860
+13.3% YoY
Effective rate
3.27%
On assessed value
Assessed land
$486,651
Assessed improvement
$2,647,431
Land market value
$1,390,432
Improvement market value
$7,564,088
Total market value
$8,954,520
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
YES
Cooling
YES
Stories
8
Units
210
Total area
144,150 SF
Lot
3.99 ac (173,804 SF)
Zoning code
MUD
APN
034-101-08
UPID
US62-0397535
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NVZoning MUD · permitted uses
MUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These districts provide a mix of uses, including high-density residential. The district allows vertical and/or horizontal mixing of uses on sites. The regulations create mix of uses with an efficient and compact development pattern that encourages shared parking and economical use of land. Higher density and intensity is transitioned away from established neighborhoods
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
836.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
8
Units
210
Lot
3.99 ac
Current owner
From public records · entity-resolved
Achilles Hospitality LLC
Entity
Mailing address
225 NE MIZNER BLVD STE #430, BOCA RATON, FL 33432-4088
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Achilles Hospitality LLC
—
Deed
related
$17,650,000 · Forbright Bank
Jun 21, 2022
—
Achilles Hospitality LLC
Area Ep Sparks LLC
Bargain And Sale Deed
$17,000,000 · Oceanview Life And Annuity Company
Jun 21, 2022
$1,129,000
Popo Properties LLC
G Podell Family Tic LLC
Bargain And Sale Deed
—
Jun 1, 2018
$7,020,000
Area-ep Sparks LLC
Area Reno Hotel LLC
Grant Deed
—
Dec 2, 2010
$3,000,000
Area Reno Hotel LLC
First American Title Ins
Trustees Deed
related
—
Nov 30, 2010
$3,000,000
Ascent Mezzanine Reit INC
First American Title Ins
Trustees Deed
related
—
May 23, 2007
$7,800,000
Tng Sparks LLC
Oh Investment Co LLC
Grant Deed
$14,850,000 · Ascent Mezzanine Reit INC
Dec 11, 2001
$1,000,000
Oh Investment Co LLC
Kim,ki H & Hae K
Trustees Deed
—
Jan 25, 2000
$4,950,000
Mccarran Lodging LLC
Bountiful Investment Group INC
Grant Deed
—
Mar 11, 1998
$5,000,000
Bountiful Investment Group INC
Kim,ki H & Hae K
Grant Deed
$905,595 · Seller
Jun 28, 1996
$5,000,000
Ki H Kim
Lockhart,patrick G & Rosemary
Grant Deed
$3,540,204 · Seller
Oct 4, 1991
$3,400,000
Patrick G Lockhart
Unknown
Grant Deed
—
—
—
Mccarran Lodging LLC
—
Deed Of Trust
related
$100,000 · Payroll Administration Corp
—
—
Mccarran Lodging LLC
—
Deed Of Trust
related
$250,000 · Mt Vernon Associates LLC
—
—
Eagle Rock Finance LLC
—
Deed Of Trust
related
$2,050,000 · Bountiful Investment Group INC
—
—
Mccarran Lodging LLC
—
Deed Of Trust
related
$125,000 · Payroll Administration Corp
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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