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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Casinos
Victorian Ave Sparks, NV 89431
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0319719
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,429 SF
Lot
1.7 ac (73,878 SF)
Zoning code
MUD
APN
032-201-17
UPID
US62-0319719
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$966k
Blend (final)
Blend
$875k
Owner & transaction history
Nugget Sparks LLC · 2 yrs held
Nugget Sparks LLC
since 2023
7 recorded transactions
Zoning & alternative use
MUD · 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
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$14 / 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
$9,938
Tax year 2023
Assessed value
$888,866
Assessed 2023
Previous assessed
$477,156
+86.3% YoY
Effective rate
1.12%
On assessed value
Assessed land
$139,628
Assessed improvement
$749,238
Land market value
$398,936
Improvement market value
$2,140,680
Total market value
$2,539,616
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Units
1
Total area
62,429 SF
Lot
1.7 ac (73,878 SF)
Zoning code
MUD
APN
032-201-17
UPID
US62-0319719
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · 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
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Nugget Sparks LLC
Entity
Mailing address
222 VIA MARNELL WAY, LAS VEGAS, NV 89119-3522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
—
Nugget Sparks LLC
—
Deed
related
$760,000,000 · Goldman Sachs Bank USA
Apr 20, 2018
—
Nugget Sparks LLC
—
Loan Modification
related
$180,000,000 · Bank Of America/il
May 12, 2017
—
Nugget Sparks LLC
—
Loan Modification
related
$180,000,000 · Bank Of America
Jan 24, 2013
—
Sparks Nugget INC
—
Deed Of Trust
related
$32,100,000 · Huskey Finance Holdings LLC
Sep 30, 2011
—
Sparks Nugget INC
—
Deed Of Trust
related
$31,400,000 · Us Bank NA
Dec 16, 1999
—
Sparks Nugget INC
—
Deed Of Trust
related
$76,090,000 · Us Bank NA Ttee
—
—
Sparks Nugget INC
—
Deed Of Trust
related
—
—
—
Sheltie Opco LLC
—
Deed Of Trust
related
$15,000,000 · Credit Suisse Ag Cayman Iss Br
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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