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Property profile & analytics
OFF-MARKET
Estimated value
$4,050,000
Office buildings
780 Vis Blvd Sparks, NV 89434-6674
Entity Owned
16-yr Hold
Free & Clear
Property ID
US62-1023228
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,400 SF
Lot
1.38 ac (60,156 SF)
Zoning code
PO
APN
037-272-39
UPID
US62-1023228
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
-
Jennifer Stroshine Physician
-
Swift Institute - Sparks Physician
-
MedEx STD Testing Centers Std Testing Service Hiv Testing Center
-
Joseph Olivarez Physician
-
Carla Cordova-Eduave Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.04M
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$4.05M
Owner & transaction history
Sparks Plaza LLC · 16 yrs held
Sparks Plaza LLC
since 2010
7 recorded transactions
Zoning & alternative use
PO · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+26.3%
Commercial (general)
$6.0M
+24.9%
Apartment house (5+ units)
$5.7M
+19.2%
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%
$4,380,000
6.5%
$4,040,000
7%
$3,750,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,820,000
Current use
MEDICAL BUILDING
$6,085,000
Change: +26% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,020,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,745,000
Change: +19% · Conversion: Easy
RETAIL STORES
$5,290,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$4.05M
Range $3.65M – $4.46M · ±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
$233 / 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
$29,806
Tax year 2023
Assessed value
$1,072,860
Assessed 2023
Previous assessed
$938,232
+14.3% YoY
Effective rate
2.78%
On assessed value
Assessed land
$272,131
Assessed improvement
$800,729
Land market value
$777,516
Improvement market value
$2,287,796
Total market value
$3,065,312
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
17,400 SF
Lot
1.38 ac (60,156 SF)
Zoning code
PO
APN
037-272-39
UPID
US62-1023228
Jurisdiction
WASHOE
Zoning & alternative use
PO · Sparks, NV
Zoning PO · permitted uses
PO · 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
OFFICE BUILDING Current
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RETAIL STORES
Est. value
$5.3M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Sparks Plaza LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 155, DARBY, MT 59829-0155
Ownership since
2010
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
May 14, 2021
—
Sparks Plaza LLC
—
Deed
related
$1,150,000 · Symetra Life Insurance Co
Jan 14, 2010
—
Sparks Plaza LLC
Mandala Family Trust
Grant Deed
—
Aug 27, 2008
$3,925,000
Mandala Family Trust
Jb Co LLC
Grant Deed
$1,675,000 · Symetra Life Insurance Co
Aug 28, 1998
—
J B Company LLC
—
Grant Deed
related
$1,170,000 · Interwest Bank
Feb 4, 1998
—
J B Co LLC
Nelson,jales E & Beverly J
Grant Deed
$101,250 · Commerce Security Bank
Mar 21, 1997
$280,000
James E Nelson
Sf Pacific Properties INC
Grant Deed
—
—
—
J B Co LLC
—
Deed Of Trust
related
$1,700,000 · Safeco Life Insurance Co
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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