Technical
Financial
Distress signals
Property profile

550 Prater Way Sparks, NV 89431

OFF-MARKET
Turn key restaurants
Property ID
US62-0365872
9,050 SF 0.8 ac lot Built 1975
Entity Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,050 SF
Lot 0.8 ac (34,804 SF)
Zoning code MUD
APN 033-151-15
UPID US62-0365872

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Bank Credit Union
  • Bank Credit Union

Location

550 Prater Way Sparks, NV 89431-4649
Sparks metro Census 3001 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2014
Price N/A
1997
$975,000

Zoning & alternative use

MUD · Sparks, NV
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 developm…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 550 Prater Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message