Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8995 La Posada Dr Sparks, NV 89436

    • Grocery and convenience stores
    • 3,480 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-1247308
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ExtraMile by Jacksons / Grocery & Convenience Store
    • Chevron / Gas Station
    • Western Union / Bank / Credit Union
    • EM ExtraMile / Grocery & Convenience Store

    Property Details for 8995 La Posada Dr

    Year built
    2008
    Construction
    WOOD
    Lot size
    1.21 lot acres
    Property size
    3,480 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    534-092-04
    APU
    53409204

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,340,000
      6.5%
      $1,240,000
      7%
      $1,150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $610,000
      Market price range: $133k - $610k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,060,000
      Current use
      MEDICAL BUILDING
      $1,215,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,205,000
      Change: +14% Conversion: Easy
      OFFICE BUILDING
      $965,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.711
    Latitude
    39.6385
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,996
    $244,329
    $460,435
    $704,764
    -
    $698,082
    $1,315,528
    $2,013,610

    Comparable in this City

    • Value Estimation
      $8,145,000
      30,571 SF

      125 Disc Dr

      GROCERY, SUPERMARKET • 30,571 SF
      125 Disc Dr, Sparks, NV 89436-7704
      View Details
    • Value Estimation by Request
      1,875 SF

      2433 Wingfield Hls Rd

      CONVENIENCE STORE • 1,875 SF
      2433 Wingfield Hls Rd, Sparks, NV 89436-7203
      View Details
    • Value Estimation
      $27,485,000
      58,299 SF

      Wingfield Hls Rd

      GROCERY, SUPERMARKET • 58,299 SF
      Wingfield Hls Rd, Sparks, NV 89436
      View Details
    • Value Estimation by Request
      4,991 SF

      142 Los Altos Pkwy

      FINANCIAL BUILDING • 4,991 SF
      142 Los Altos Pkwy, Sparks, NV 89436-7758
      View Details
    • Value Estimation
      $905,000
      3,276 SF

      102 Los Altos Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 3,276 SF
      102 Los Altos Pkwy, Sparks, NV 89436-7709
      View Details
    • Value Estimation by Request
      3,704 SF

      381 Los Altos Pkwy

      FINANCIAL BUILDING • 3,704 SF
      381 Los Altos Pkwy, Sparks, NV 89436-7731
      View Details

    Similar Nearby for Sale

    • $2,550,000
      80.89 Acres

      Prime Spanish Springs Land

      80 Acres, Retail Potential, $2.55M
      0 Dolores Dr, Sparks, NV 89436
      View Details
    • $185,000
      0.30 Acres

      Sparks, NV Vacant Land

      Vacant parcel in established neighborhood with city views.
      1472 Giannotti Dr, Sparks, NV 89436
      View Details
    • Contact for pricing

      Sparks Industrial Property for Sale

      Industrial property available for purchase in Sparks, Nevada.
      1470 Disc Dr, Sparks, NV 89436
      View Details
    • New
      $250,000
      0.34 Acres

      Wingfield Springs Corner Lot

      0.34-acre corner lot in Wingfield Springs community.
      2275 Old Waverly Dr, Sparks, NV 89436
      View Details
    • $215,000
      0.29 Acres

      Spacious Lot in Wingfield Springs

      0.293-acre corner lot in Red Hawk Golf Course area.
      6302 Cokenee Ct, Sparks, NV 89436
      View Details
    • $2,995,000

      Prime Land in Growing Area

      3.16-acre parcel offers development opportunity near Los Altos Parkway.
      Los Altos Pkwy, Sparks, NV 89436
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,285 SF

      Prime Retail Space in Sparks

      Retail destination with high visibility and strong co-tenants.
      1300-1380 Disc Dr, Sparks, NV 89436
      View Details
    • Contact for pricing
      1,539 SF

      Retail Space in Sparks, Nevada

      Retail property in Sparks' Spanish Springs community, high-traffic location.
      4760 Galleria Pkwy, Sparks, NV 89436
      View Details
    • Contact for pricing
      1,040 SF

      Retail Space Near Golden Eagle Park

      Retail space for lease near Golden Eagle Regional Park.
      2399 Wingfield Hills Rd, Sparks, NV 89436
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Sparks, Nevada

      Retail space available near Golden Eagle Regional Park.
      2423 Wingfield Hills Rd, Sparks, NV 89436
      View Details
    • Contact for pricing
      16,835 SF

      Prime Retail Space in Sparks

      Retail spaces available in Sparks' Spanish Springs community.
      125-175 Disc Dr, Sparks, NV 89436
      View Details
    • $2 SF/Yr
      3,906 SF

      Retail Space in Sparks, Nevada

      Retail property for lease in a prime Sparks location.
      5212 Sparks Blvd, Sparks, NV 89436
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8995 La Posada Dr
    Sparks, NV 89436
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!