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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Commercial land
Campo Rico Ln Sparks, NV 89441
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1122545
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
11.31 ac (492,794 SF)
Zoning code
NC 91% / OS 7%
APN
534-571-02
UPID
US62-1122545
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Spanish Springs Self Storage LLC · 4 yrs held
Spanish Springs Self Storage LLC
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
NC 91% / OS 7% · 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
$3,125,000
ML approach
$3,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.80M (Jun 9 2022)
Last sale anchor
$3.80M
Jun 9 2022
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
—
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
$788
Tax year 2023
Assessed value
$517,434
Assessed 2023
Previous assessed
$603,673
-14.3% YoY
Effective rate
0.15%
On assessed value
Assessed land
$517,434
Land market value
$1,478,382
Total market value
$1,478,382
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
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
11.31 ac (492,794 SF)
Zoning code
NC 91% / OS 7%
APN
534-571-02
UPID
US62-1122545
Jurisdiction
WASHOE
Zoning & alternative use
NC 91% / OS 7% · Sparks, NV
Zoning NC 91% / OS 7% · permitted uses
NC 91% / OS 7% · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
11.31 ac
Current owner
From public records · entity-resolved
Spanish Springs Self Storage LLC
Entity
Mailing address
270 S MAIN ST STE #103, BOUNTIFUL, UT 84010-6249
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
$3,800,000
Spanish Springs Self Storage LLC
John J Morrison
Bargain And Sale Deed
$2,200,000 · Stonefield INC
Jun 16, 2020
$500,000
Lvg Brian P M Trust
Nevada Trust Deed Svcs|4r Real Estate LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
May 26, 2020
—
4r Real Estate LLC
—
Deed
related
$301,000 · Mowry W III Young
Feb 28, 2019
—
4r Real Estate LLC
—
Deed
related
$1,050,000 · Brain P Morrison Rev Lvg Tr
Oct 17, 2016
—
4r Real Estate LLC
—
Deed
related
$800,000 · Pacfunding Group LLC
Aug 30, 2006
$750,000
4r Real Estate LLC
Cuneo,walter L & Anne M
Grant Deed
$374,230 · Walter L & Anne M Cuneo
Jul 30, 2003
$450,000
Walter L Cuneo
Martinsen,sigur & Iliana
Grant Deed
$280,000 · Sigur & Iliana Martinsen
—
—
4r Real Estate LLC
—
Deed Of Trust
related
$301,000 · Mowry W III Young
—
—
4r Real Estate LLC
—
Deed Of Trust
related
$47,000 · Richard G Hill
—
—
4r Real Estate LLC
—
Deed Of Trust
related
$50,000 · Walter L & Anne M Cuneo
—
—
4r Real Estate LLC
—
Deed Of Trust
related
$800,000 · Pacfunding Group LLC
—
—
4r Real Estate LLC
—
Deed Of Trust
related
$200,000 · Ronald Brock
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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