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Property profile & analytics
OFF-MARKET
Estimated value
$11,490,000
Grocery and convenience stores
565 Prater Way Sparks, NV 89431-4685
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0448915
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,745 SF
Lot
4.39 ac (191,011 SF)
Zoning code
MUD
APN
033-152-18
UPID
US62-0448915
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
-
FoodMaxx Grocery & Convenience Store Food Market
-
MoneyGram Bank Credit Union
-
Amazon Locker - Bonario Courier Service Postal Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.00M
Blend (final)
Blend
$11.49M
Owner & transaction history
Save Mart Portfolio Owner Nlp · 5 yrs held
Save Mart Portfolio Owner Nlp
since 2020
Last sale
$8.1M
4 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.7M
+30.5%
Apartment house (5+ units)
$15.8M
+23.2%
Industrial (general)
$13.8M
+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
$12,920,000
ML approach
$11,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$12,795,000
Current use
MEDICAL BUILDING
$16,700,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,760,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$13,775,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$12,335,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,975,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$11.49M
Range $10.34M – $12.64M · ±10% · vs last sale $8.10M (Nov 20 2020)
Last sale anchor
$8.10M
Nov 20 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
$241 / 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
$67,281
Tax year 2023
Assessed value
$1,943,683
Assessed 2023
Previous assessed
$1,701,744
+14.2% YoY
Effective rate
3.46%
On assessed value
Assessed land
$635,108
Assessed improvement
$1,308,575
Land market value
$1,814,595
Improvement market value
$3,738,786
Total market value
$5,553,381
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
47,745 SF
Lot
4.39 ac (191,011 SF)
Zoning code
MUD
APN
033-152-18
UPID
US62-0448915
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
$12.8M
MEDICAL BUILDING
Est. value
$16.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.8M
INDUSTRIAL (GENERAL)
Est. value
$13.8M
OFFICE BUILDING
Est. value
$12.3M
COMMERCIAL (GENERAL)
Est. value
$12.0M
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
4.39 ac
Current owner
From public records · entity-resolved
Save Mart Portfolio Owner Nlp
Individual
Mailing address
1800 STANDIFORD AVE, MODESTO, CA 95350-0180
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
—
Save Mart Portfolio Owner Nlp Nv Ll
—
Deed
related
$425,000,000 · Wells Fargo Bank NA
Nov 20, 2020
$8,102,500
Save Mart Portfolio Owner Nlp
Abs Nocal Investor LLC
Grant Deed
—
Jul 3, 2006
$7,674,500
Abs Nocal Investor LLC
Albertsons LLC
Bargain And Sale Deed
—
Oct 1, 1992
$4,000,000
Albertson's INC
Unknown
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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