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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Industrial properties
581 Dunn Cir Sparks, NV 89431-5805
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0548715
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,880 SF
Lot
0.21 ac (8,935 SF)
Zoning code
I
APN
034-510-15
UPID
US62-0548715
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
-
Musician Rehearsal Center Recording Studio
-
Music With Confidence Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$535k
Owner & transaction history
Wjw Holding Co LLC · 12 yrs held
Wjw Holding Co LLC
since 2014
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$735,000
7%
$685,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$60 / 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
$5,957
Tax year 2023
Assessed value
$149,453
Assessed 2023
Previous assessed
$120,670
+23.9% YoY
Effective rate
3.99%
On assessed value
Assessed land
$78,181
Assessed improvement
$71,272
Land market value
$223,375
Improvement market value
$203,633
Total market value
$427,008
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,880 SF
Lot
0.21 ac (8,935 SF)
Zoning code
I
APN
034-510-15
UPID
US62-0548715
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NVZoning I · permitted uses
I · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I district provides intensive work processes such as manufacturing or basic resource handling. These areas are generally located south of I-80 between the western and eastern City boundaries. Other potential areas suited are along I-80 and/or rail corridor.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
2,393.27 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Wjw Holding Co LLC
Entity
Mailing address
581 DUNN CIR, SPARKS, NV 89431-5805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Feb 10, 2022
—
Wfp Mre LLC
—
Deed
related
$901,000 · United States Small Business Admin
Sep 10, 2021
—
Wfp Mre LLC
—
Deed
related
$901,000 · California Statewide Certified Developme
Jun 16, 2014
$917,000
Wjw Holding Co LLC
Tof Sparks LLC
Grant Deed
$464,000 · Greater Nv Cu
May 15, 2012
—
Tof Sparks LLC
—
Deed Of Trust
related
$6,500,000 · Bank Of America
Jan 27, 2011
$8,807,000
Tof Sparks LLC
Glendale Realty LLC
Grant Deed
$6,500,000 · Bank Of America
Sep 20, 2010
—
Glendale Rlty LLC
Security Capital Re Fund
Grant Deed
related
—
—
—
Wjw Holding Co LLC
—
Deed Of Trust
related
$369,900 · Nevada St Dev
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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