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Property profile & analytics
OFF-MARKET
Estimated value
$6,035,000
Industrial properties
655 Waltham Way Sparks, NV 89437-6695
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0460834
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE
Total area
332,640 SF
Lot
18.36 ac (799,762 SF)
Zoning code
I-2;INDUSTRIAL
APN
005-021-36
UPID
US62-0460834
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
-
Symbia Logistics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.78M
Blend (final)
Blend
$6.04M
Owner & transaction history
Waltham Way Dev LLC · 4 yrs held
Waltham Way Dev LLC
since 2022
Last sale
$6.9M
6 recorded transactions
Zoning & alternative use
I-2;INDUSTRIAL · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,700,000
ML approach
$5,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.04M
Range $5.43M – $6.64M · ±10% · vs last sale $6.94M (Jun 10 2022)
Last sale anchor
$6.94M
Jun 10 2022
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
$18 / 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
$190,326
Tax year 2023
Assessed value
$5,499,626
Assessed 2023
Previous assessed
$5,499,626
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$585,026
Assessed improvement
$4,914,600
Land market value
$1,671,503
Improvement market value
$14,041,715
Total market value
$15,713,218
Applied tax rate
122.0000
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
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
332,640 SF
Lot
18.36 ac (799,762 SF)
Zoning code
I-2;INDUSTRIAL
APN
005-021-36
UPID
US62-0460834
Jurisdiction
STOREY
Zoning & alternative use
I-2;INDUSTRIAL · Sparks, NV
Zoning I-2;INDUSTRIAL · permitted uses
I-2;INDUSTRIAL · 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.
Building & site characteristics
From public records
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
18.36 ac
Current owner
From public records · entity-resolved
Waltham Way Dev LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2029 CENTURY PARK E STE #2070, LOS ANGELES, CA 90067-2916
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
—
Waltham Way Dev LLC
—
Deed
related
$43,380,947 · Union Bank & Trust Co
Jun 10, 2022
$6,935,000
Waltham Way Dev LLC
Franmar Company
Bargain And Sale Deed
—
Jan 29, 2021
$458,000
F & C Farming
Sky Dev Western
Grant Deed
—
Jul 22, 2020
—
Echo Rock LLC
Franmar Company
Grant Deed
—
Jul 26, 2018
$2,635,500
Franmar Co LP
Prologis Land LLC
Grant Deed
—
Jul 23, 2007
—
Prologis Na3 Nv LLC
Dp Industrial LLC
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.
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