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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Office buildings
810 Greg St Sparks, NV 89431-6534
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0535038
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
METAL FRAME
Total area
7,150 SF
Lot
2.41 ac (104,980 SF)
Zoning code
I
APN
034-131-23
UPID
US62-0535038
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
-
Freeport Freight Systems Inc. Trucking Company
-
Greg st. truck repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.25M
Owner & transaction history
Eight Ten Properties LLC · 5 yrs held
Eight Ten Properties LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
I · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+35.4%
Apartment house (5+ units)
$2.4M
+27.8%
Industrial (general)
$2.1M
+11.7%
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
$2,550,000
ML approach
$2,275,000
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,845,000
Current use
MEDICAL BUILDING
$2,500,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,360,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,065,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,915,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,795,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $2.20M (Mar 4 2021)
Last sale anchor
$2.20M
Mar 4 2021
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
$314 / 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
$14,233
Tax year 2023
Assessed value
$464,959
Assessed 2023
Previous assessed
$397,870
+16.9% YoY
Effective rate
3.06%
On assessed value
Assessed land
$322,417
Assessed improvement
$142,542
Land market value
$921,191
Improvement market value
$407,262
Total market value
$1,328,453
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
1976
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,150 SF
Lot
2.41 ac (104,980 SF)
Zoning code
I
APN
034-131-23
UPID
US62-0535038
Jurisdiction
WASHOE
Zoning & alternative use
I · Sparks, NV
Zoning I · permitted uses
I · 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
$1.8M
MEDICAL BUILDING
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1976
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
Eight Ten Properties LLC
Entity
Mailing address
PO BOX 51421, SPARKS, NV 89435-1421
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
—
Eight Ten Properties LLC
—
Deed
related
$953,000 · Nevada State Development Corporation
Nov 13, 2023
—
Eight Ten Properties LLC
—
Deed
related
$935,000 · Heritage Bank Of Nevada
Mar 4, 2021
$2,200,000
Eight Ten Properties LLC
Rkm Properties
Bargain And Sale Deed
$1,870,000 · Harvest Small Buisness Finance LLC
Apr 28, 2015
—
Coleman,k & S Trust
Severson R & B Trust
Quit Claim Deed
related
—
Apr 17, 2015
—
Rkm Properties
Severson R & B Trust
Quit Claim Deed
related
—
Jan 22, 2014
—
Severson,r & B Trust
Severson R & B Trust
Quit Claim Deed
related
—
Dec 10, 2013
—
Severson,r & B Trust
Severson Rogers A
Quit Claim Deed
related
—
Sep 12, 2008
—
Raymond C Smith
Smith,ardeth C
Quit Claim Deed
related
$575,000 · California Republic Bank
Dec 22, 1998
$799,000
Rogers A Severson
Rrk Properties
Grant Deed
$798,732 · Seller
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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