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Property profile & analytics
FOR LEASE
Warehouses
855 East Greg St Sparks, NV 89431
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0319733
For Lease
1 / 2
$17,200,000
855 East Greg St, Sparks, NV 89431
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
133,020 SF
Lot
6.62 ac (288,367 SF)
Zoning code
I
APN
034-132-15
UPID
US62-0319733
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
-
OREST Express, Inc Logistics Company Freight Service
-
Sparks Yard Freight Service Logistics Company
-
On Air Direct, Inc. - Sparks Nevada Logistics Company Freight Service
-
Nutrien Ag Solutions Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.08M
CAP Approach
CAP
$16.10M
Comparable Approach
Comparable
$18.50M
Blend (final)
Blend
$17.20M
Owner & transaction history
Sreit 855 Greg LLC · 5 yrs held
Sreit 855 Greg LLC
since 2021
Last sale
$16.3M
7 recorded transactions
Zoning & alternative use
I · 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
$18,855,000
ML approach
$11,080,000
CAP Approach
CAP Return
Estimation
6%
$17,435,000
6.5%
$16,095,000
7%
$14,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,235,000
Current use
Blend value · Realmo final
$17.20M
Range $15.48M – $18.92M · ±10% · vs last sale $16.28M (Jun 2 2021)
Last sale anchor
$16.28M
Jun 2 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
$129 / 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
$71,385
Tax year 2023
Assessed value
$2,137,081
Assessed 2023
Previous assessed
$1,805,142
+18.4% YoY
Effective rate
3.34%
On assessed value
Assessed land
$706,499
Assessed improvement
$1,430,582
Land market value
$2,018,569
Improvement market value
$4,087,377
Total market value
$6,105,946
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Total area
133,020 SF
Lot
6.62 ac (288,367 SF)
Zoning code
I
APN
034-132-15
UPID
US62-0319733
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
WAREHOUSE, STORAGE Current
Est. value
$21.2M
WAREHOUSE, STORAGE Current
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
6.62 ac
Current owner
From public records · entity-resolved
Sreit 855 Greg LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1255 23RD ST NW STE #250, WASHINGTON, DC 20037-1168
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
Sreit 855 Greg Street LLC
—
Deed
related
$1,162,500 · Goldman Sachs Bank USA
Jun 2, 2021
$16,276,914
Sreit 855 Greg LLC
Icon Reno Property Owner Pool 3 Nv
Bargain And Sale Deed
—
Oct 3, 2019
—
Icon Reno Prop Owner Pool 3 Ne
—
Grant Deed
related
—
Apr 1, 2016
$5,954,000
Icon Reno Property Owner Pool
Icon Reno Property Owner Pool
Grant Deed
—
Apr 6, 2015
—
Icon Reno Property Owners Pool
Bre Of Reno Property Owners LLC
Trustees Deed
related
$750,000,000 · Goldman Sachs Bk USA
Mar 18, 2015
—
Leon Reno Property Owner Pool
Bre Of Reno Property Owner LLC
Grant Deed
—
Aug 8, 2013
—
Bre Of Reno Property Owner LLC
Prologis Na3 Nv III LLC
Grant Deed
related
—
May 6, 2013
—
Prologis Na3 Nv III LLC
—
Deed Of Trust
related
$100,000,000 · Northwestern Mutual Life Ins
Jul 20, 2007
—
Prologis Na3 LLC
Dp Industrial LLC
Grant Deed
—
—
—
Bre Of Reno Property Owner LLC
—
Deed Of Trust
related
$530,000,000 · Wells Fargo Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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