Technical
Financial
Distress signals
Property profile

615 Prater Way Sparks, NV 89431

OFF-MARKET
Turn key restaurants
Property ID
US62-0215100
7,094 SF 0.7 ac lot Built 1981
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1981
Construction WOOD
Total area 7,094 SF
Lot 0.7 ac (30,688 SF)
Zoning code MUD
APN 033-152-24
UPID US62-0215100

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
  • Restaurant
  • Cafe & Coffee Shop

Location

615 Prater Way Sparks, NV 89431-4681
Sparks metro Census 3002 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.85M

Owner & transaction history

since 2024
Last sale
$1.9M
2 recorded transactions
2024
$1.9M
2023
Price N/A

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
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