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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Grocery and convenience stores
8995 La Posada Dr Sparks, NV 89436
Entity Owned
13-yr Hold
Free & Clear
Property ID
US62-1247308
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2008
Construction
WOOD
Total area
3,480 SF
Lot
1.21 ac (52,882 SF)
Zoning code
GC
APN
534-092-04
UPID
US62-1247308
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
-
ExtraMile by Jacksons Grocery & Convenience Store
-
Chevron Gas Station
-
Western Union Bank Credit Union
-
EM ExtraMile Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$970k
Owner & transaction history
Jacksons Food Stores INC · 13 yrs held
Jacksons Food Stores INC
since 2013
7 recorded transactions
Zoning & alternative use
GC · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+15.0%
Commercial (general)
$1.2M
+13.8%
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%
$1,340,000
6.5%
$1,240,000
7%
$1,150,000
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
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$279 / 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
$20,996
Tax year 2023
Assessed value
$704,764
Assessed 2023
Previous assessed
$491,797
+43.3% YoY
Effective rate
2.98%
On assessed value
Assessed land
$244,329
Assessed improvement
$460,435
Land market value
$698,082
Improvement market value
$1,315,528
Total market value
$2,013,610
Applied tax rate
4,000.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,480 SF
Lot
1.21 ac (52,882 SF)
Zoning code
GC
APN
534-092-04
UPID
US62-1247308
Jurisdiction
WASHOE
Zoning & alternative use
GC · Sparks, NV
Zoning GC · permitted uses
GC · 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
RETAIL STORES Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$965,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Jacksons Food Stores INC
Entity
Free & Clear · 13 yrs held
Mailing address
3450 E COMMERCIAL CT, MERIDIAN, ID 83642-8915
Ownership since
2013
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 31, 2013
$3,500,000
Jacksons Food Stores INC
Moreno Desi 2001 Trust
Grant Deed
—
Apr 30, 2008
—
Moreno Desi Trust
Moreno,desi M JR
Quit Claim Deed
related
—
Jul 5, 2007
—
Berry-hinckley Industries
—
Deed Of Trust
related
$74,000,000 · First National Bank Nevada
Dec 7, 2006
$8,000,000
Desi M Moreno JR
Land Venture Partners LLC
Bargain And Sale Deed
$3,865,000 · Farmers Insurance Group FCU
Oct 13, 2005
—
Land Venture Partners LLC
P A Morabito & Co Ltd
Bargain And Sale Deed
$14,400,000 · Bnc National Bank
Jan 16, 2001
—
Bhe LLC
—
Deed Of Trust
related
$33,717,980 · Wells Fargo Bank
Sep 5, 1997
$1,000,000
Bhe Lcc
Spanish Springs
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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