Downtown Office Suite
For Sale
$499,900
438 Pyramid, Sparks, NV 89431
ADA-accessible office and medical-style suites with dedicated parking and convenient access on Pyramid Way.
Property Size1,184 SF
Price / SF$422.21
Days on Market222
Property Features for 438 Pyramid
General Information
Standard status
Active
Size
1,184 SF
Total Parking Spaces
7
Property subtype
Commercial
Zoning
MUD
Additional Details
Office Units
5
Building Details
Year Built
1912
Tenancy
Multi
Listing Agency:
Real Broker LLC
Listed By:
Jessica Hodges · License #B.145936
(775) 813-7024
Source:
Ferrari-lund
Added: Mar 17
Changed: Oct 23
Last Checked: Oct 23 at 10:35AM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This well-maintained, ADA-accessible stand-alone commercial building was built in 1992 and configured for professional use. It includes five private office suites, a welcoming reception area, a spacious waiting room, and a storage area. The interior features updated flooring and a functional layout with abundant natural light, supporting a clean, modern work environment. A dedicated parking area provides 7 total spaces.
The property is located in Downtown Sparks with excellent visibility along Pyramid Way. Access is straightforward, and the building benefits from strong traffic exposure. The offering is presented as a turn-key opportunity with pride of ownership reflected throughout the improvements.
Zoned MUD, the building is positioned for a range of business uses beyond traditional office operations, including medical, wellness, therapy, professional services, beauty, and other service-based businesses. The suite-based configuration can support both owner-occupants and investors seeking a property with multiple workspaces, while the dedicated parking helps accommodate tenants and visitors.
The property is located in Downtown Sparks with excellent visibility along Pyramid Way. Access is straightforward, and the building benefits from strong traffic exposure. The offering is presented as a turn-key opportunity with pride of ownership reflected throughout the improvements.
Zoned MUD, the building is positioned for a range of business uses beyond traditional office operations, including medical, wellness, therapy, professional services, beauty, and other service-based businesses. The suite-based configuration can support both owner-occupants and investors seeking a property with multiple workspaces, while the dedicated parking helps accommodate tenants and visitors.
Key Highlights
- Downtown Sparks stand‑alone commercial building built in 1912, designed for professional office/medical‑style use
- ADA‑accessible layout with 5 private office suites plus reception area, spacious waiting room, and storage area
- Dedicated parking with 7 total spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,254
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,080
$345.1K
Cap Rate 7%
$246,486
$246.5K
Cap Rate 9%
$191,711
$191.7K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$31.3K $26.40/SF
− Vacancy
−$2.5K −$2.11/SF
EGI
$28.8K $24.29/SF
− OpEx
−$11.5K −$9.72/SF
NOI
$17.3K $14.57/SF
Area
Sparks, NV
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,080
Cap Rate 7%
$246,486
Cap Rate 9%
$191,711
Alternative Uses
Best Use
Healthcare Medical
$246.5K
$215.7K – $287.6K
NOI $17,254 @ 7.0% cap · market cap 3.45%
Second Best
Office B
$239.4K
$209.5K – $279.3K
NOI $16,757 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$419.1K
$366.7K – $489.0K
NOI $29,337 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
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Business Placement
Demographics for 89431, NV
40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - ADA-accessible office and medical-style suites with dedicated parking and convenient access on Pyramid Way.
Where is this office unit located?
The property is located at 438 Pyramid Sparks, NV.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Downtown Sparks stand‑alone commercial building built in 1912, designed for professional office/medical‑style use; ADA‑accessible layout with 5 private office suites plus reception area, spacious waiting room, and storage area; Dedicated parking with 7 total spaces included
