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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Medical Office Space
2281 Pyramid Way Sparks, NV 89431-2119
Individually Owned
23-yr Hold
Free & Clear
Property ID
US62-0325869
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
WOOD
Total area
8,600 SF
Lot
0.2 ac (8,581 SF)
Zoning code
PO
APN
027-332-19
UPID
US62-0325869
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
Current use
Occupant on record · Public records
-
Aesthetic Restoration Dental Dental Office
-
EmployNV Career Hub Business Service Center Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Pyramid Professional Center Lc · 23 yrs held
Pyramid Professional Center Lc
since 2002
5 recorded transactions
Zoning & alternative use
PO · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$141 / 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
$8,074
Tax year 2023
Assessed value
$229,441
Assessed 2023
Previous assessed
$203,803
+12.6% YoY
Effective rate
3.52%
On assessed value
Assessed land
$31,535
Assessed improvement
$197,906
Land market value
$90,100
Improvement market value
$565,445
Total market value
$655,545
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,600 SF
Lot
0.2 ac (8,581 SF)
Zoning code
PO
APN
027-332-19
UPID
US62-0325869
Jurisdiction
WASHOE
Zoning & alternative use
PO · Sparks, NV
Zoning PO · permitted uses
PO · 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
1980
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Pyramid Professional Center Lc
Individual
Free & Clear · 23 yrs held
Mailing address
5345 KIETZKE LN STE #100, RENO, NV 89511-2088
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2002
$4,000,000
Pyramid Professional Center Lc
—
Grant Deed
related
—
Jul 2, 1998
—
Pyramid Professional Ctr LLC
Richard N Beckstrand LP
Grant Deed
$2,500,000 · Gmac Commercial Mortgage Corp
Feb 13, 1998
—
Richard N Beckstrand LP
—
Deed Of Trust
related
$5,500,000 · Zions First National Bank
Oct 24, 1997
—
Richard N Beckstrand LP
Cusa Technologies INC
Grant Deed
related
—
Jun 17, 1994
$1,470,000
Mountain Surgical Centers INC
Doctors Building
Grant Deed
—
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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