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    Property profile & analytics

    589 Prater Way Sparks, NV 89431-4685

    • Retail space
    • 13,914 SF
    • 1.39 lot acres
    OFF-MARKET
    Value Estimation
    $8,540,000
    Last Sale
    Oct 02, 2023
    $9,259,000
    Location Intelligence
    Property ID
    US62-0215102
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medicare Plan Sparks, NV / Community Center

    Property Details for 589 Prater Way

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.39 lot acres
    Property size
    13,914 SF
    Zone code
    MUD
    Property type
    Retail space
    APN
    033-152-28
    APU
    3315228

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,785,000
      6.5%
      $8,735,000
      7%
      $8,870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,020,000
      Geo Method
      $9,560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,485,000
      Retail
      $10,415,000
      Mixed-Use
      $9,645,000
      Hospitality
      $8,555,000
      Educational
      $10,525,000
      Residential Income
      $9,400,000
      Energy
      $8,990,000
      Income-Based Land
      $9,400,000
      Food Service
      $10,785,000

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.735
    Latitude
    39.5409
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,392
    $248,325
    $214,876
    $463,201
    -
    $709,500
    $613,931
    $1,323,431

    Comparable in this City

    • Value Estimation by Request
      1,260 SF

      2175 Grn Vis Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,260 SF
      2175 Grn Vis Dr, Sparks, NV 89431-8540
      View Details
    • Value Estimation by Request
      1,864 SF

      215 15th St

      RETAIL STORES (PERSONAL SERVICES) • 1,864 SF
      215 15th St, Sparks, NV 89431-4803
      View Details
    • Value Estimation
      $405,000
      1,456 SF

      701 Nugget Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,456 SF
      701 Nugget Ave, Sparks, NV 89431-5823
      View Details
    • Value Estimation
      $1,230,000
      6,000 SF

      205 Prater Way

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      205 Prater Way, Sparks, NV 89431-4674
      View Details
    • Value Estimation
      $355,000
      4,872 SF

      1657 Prater Way

      RETAIL STORES (PERSONAL SERVICES) • 4,872 SF
      1657 Prater Way, Sparks, NV 89431-4365
      View Details
    • Value Estimation
      $600,000
      4,626 SF

      1639 Prater Way

      RETAIL STORES (PERSONAL SERVICES) • 4,626 SF
      1639 Prater Way, Sparks, NV 89431-4365
      View Details

    Similar Nearby for Sale

    • $4,250,000
      10,000 SF

      Retail Building at Major Intersection

      Retail building with dental office and sushi restaurant tenants.
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      Retail Property in Sparks, Nevada

      Retail property available for sale in Sparks, Nevada.
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,450 SF

      Retail Space on Prater Way

      Retail space available for lease in Sparks, Nevada.
      550-668 E Prater Way, Sparks, NV 89431
      View Details
    • $11,300,000
      2,079 SF

      Retail Space in Sparks, Nevada

      Retail spaces available in Sparks, anchored by Walgreens and grocery store.
      2125-2285 Oddie Blvd, Sparks, NV 89431
      View Details
    • $2.00 SF/Yr
      1,331 SF

      Retail Space on Victorian Avenue

      Prime end-unit retail space in high-traffic Sparks location.
      1746 Victorian Ave, Sparks, NV 89431
      View Details
    • Contact for pricing
      8,880 SF

      Sparks Retail Space Available

      Retail space available for lease in Sparks, Nevada.
      2855-2955 N Mccarran Blvd, Sparks, NV 89431
      View Details
    • $2,265,000
      1,076 SF

      Retail Space in Sparks, Nevada

      Retail space available in Sparks, anchored by Walgreens & Grocery Store.
      2193-2195 Oddie Blvd, Sparks, NV 89431
      View Details
    • $1.50 SF/Yr
      1,620 SF

      Greenbrae Commons Retail Space

      Retail and office spaces available in Sparks, Nevada.
      632 Greenbrae Dr, Sparks, NV 89431
      View Details
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    589 Prater Way
    Sparks, NV 89431-4685
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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