Add Listing
    For Lease
    • 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

    2221 Pyramid Way Sparks, NV

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,268 SF building with drive-thru in Sparks, Nevada.

    Type:RETAIL
    Property size:
    5,268 SF
    Lot size:
    0.75 Acres
    Added:
    Dec 6, 2024
    Days on Market:
    506
    Last Refresh:
    Apr 5 at 11:12 pm

    Property Features for 2221 Pyramid Way

    General Information

    Standard status
    Active
    Size
    5,268 SF
    Lot size
    0.75 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2221 Pyramid Way Contact us

    We can help!

    Listing Contact
    Shawn Smith

    Listing agent Shawn Smith

    Listing office Kidder Mathews | Reno

    Listing date Dec 6, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews | Reno

    Overview

    Sparks Restaurant/Retail Opportunity

    This property, built in 1964, offers a building size of approximately 5,268 square feet on a 0.75-acre lot. It is located at the intersection of Pyramid Way and Tyler Way, within the Sparks submarket, situated on the main North/South arterial in Sparks. The property includes a drive-thru opportunity and 22 dedicated parking stalls. The property is zoned (PO) Professional Office and is identified by APN: 027-332-14. It is suitable for drive-through restaurants, restaurants, and retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Credit Counseling Financial Advisor Wells Fargo Bank Atm Wells Fargo ATM Atm Aaa Debt Hotline Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.753
    Latitude
    39.5513

    Nearby Similar for Lease

    • $1.25 SF/Yr

      Restaurant Space in High-Traffic Area

      Retail space built out as a restaurant in Sparks, Nevada.
      2300-2360 Oddie Boulevard, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr

      Remodeled Office Building Near Amenities

      Two-story office building with rent-ready suites and conference room.
      1855 Sullivan Lane, Sparks, NV 89531
      View Details
    • $1.25 SF/Yr

      Industrial Building in Sparks Submarket

      11,400 SF industrial building with dock and grade doors.
      610 E Glendale Ave, Sparks, NV 89431
      View Details
    • $1.30 SF/Yr

      Flex Industrial Space For Lease

      Flex industrial space ideal for contractors, trades, and fabricators.
      1961 Pacific Ave, Sparks, NV 89431
      View Details
    • $4,708/Mo

      Sparks Industrial Facility For Rent

      Industrial facility in Sparks, NV, featuring office space.
      702 Spice Islands Dr, Sparks, NV 89431
      View Details
    • $1.75 SF/Yr

      Spanish Springs Office Space Available

      Office suites in a rapidly growing Northern Nevada submarket.
      150 Isidor Court, Sparks, NV, 89441
      View Details
    • $1.25 SF/Yr

      Sparks Warehouse with Drive-Through Access

      2,526 SF warehouse with drive-through and private offices.
      155 Glendale Ave, Sparks, NV
      View Details
    • Contact for pricing

      Medical Suite in Sparks

      2,449 SF medical suite available for lease.
      5070 Ion Dr Suite 201, Sparks, NV 89436
      View Details
    • Contact for pricing

      Modern Office Building with Garage

      Renovated office building with garage in Tahoe Reno Industrial Center.
      610 Waltham Way, Sparks, NV 89437
      View Details
    • $0.75 SF/Yr

      Sparks Industrial Sublease Opportunity

      Well-positioned industrial space with convenient access and strong visibility.
      945 Spice Islands Dr Suite A-1, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr

      Restaurant Retail Space Available

      Retail space built out as a restaurant for lease.
      2300-2360 Oddie Boulevard, Sparks, NV 89431
      View Details
    • $1.25 SF/Yr

      Sparks Warehouse with Office/Showroom

      10,000 SF warehouse space with office and showroom.
      911 Linda Way, Sparks, NV
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 5,268 SF building with drive-thru in Sparks, Nevada.
    Where is this drive through restaurant located?
    The property is located at 2221 Pyramid Way Sparks, NV.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Drive‑Thru opportunity; Located on the main North/South arterial in Sparks; Building size ±5,268 SF
    (775) 301-1300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shawn Smith
    Learn More
    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.
    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!