Downtown Office Suite
438 PYRAMID WAY Sparks, NV 89431
For Sale
Contact for pricing
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 Market59
Property Features for 438 PYRAMID WAY
General Information
- Standard status
- Active
- Size
- 1,184 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1912
Listing Agency:
Real Broker, LLC
Listed By:
Josh Mansion · License #NV# S.0198515
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 25 at 2:07PM
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
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $26.40 |
| − Vacancy | −$2.5k | −$2.11 |
| EGI | $28.8k | $24.29 |
| − OpEx | −$11.5k | −$9.72 |
| NOI | $17.3k | $14.57 |
1,184 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yeeymmy Giron, LCSW- ...
Psychotherapist
Family Behavioral Health
Crisis Center
Leslie Bonilla
Foster Care Service
Mireya Gutierrez
Foster Care Service
Juseth Giron
Foster Care Service
FAQs
What type of property is this?
Office units - ADA-accessible office and medical-style suites with dedicated parking and convenient access on Pyramid Way.
Where is this office units located?
The property is located at 438 PYRAMID WAY 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
