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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Retail space
3397 Pyramid Way Sparks, NV 89431-1134
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-1281295
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
WOOD
Total area
4,640 SF
Lot
1.8 ac (78,234 SF)
Zoning code
C1
APN
027-131-08
UPID
US62-1281295
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
-
Wild Birds Unlimited (Bike/Boat/Book/etc) Store
-
Moana Nursery Landscaping General Contractor
-
Boy Scouts of America’s Christmas Tree lot Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$888k
Blend (final)
Blend
$1.22M
Owner & transaction history
Sierra Pacific Power Co · 8 yrs held
Sierra Pacific Power Co
since 2018
4 recorded transactions
Zoning & alternative use
C1 · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C1 district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include larger retail centers that serve as a regional draw. Single-use or strip center commercial patterns of development are discouraged. Smaller, li…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
13.07 ac
Source
Realmo
Top alternative use upside
Medical building
$1.6M
+30.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,790,000
6.5%
$1,650,000
7%
$1,535,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,245,000
Current use
MEDICAL BUILDING
$1,625,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$1,200,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,165,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,080,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$263 / 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
$21,282
Tax year 2023
Assessed value
$606,706
Assessed 2023
Previous assessed
$536,353
+13.1% YoY
Effective rate
3.51%
On assessed value
Assessed land
$287,587
Assessed improvement
$319,119
Land market value
$821,678
Improvement market value
$911,769
Total market value
$1,733,447
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Units
1
Bathrooms
1
Total area
4,640 SF
Lot
1.8 ac (78,234 SF)
Zoning code
C1
APN
027-131-08
UPID
US62-1281295
Jurisdiction
WASHOE
Zoning & alternative use
C1 · Sparks, NVZoning C1 · permitted uses
C1 · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C1 district provides a mix of retail and other commercial services in concentrated centers that serve the local community, or tourist-oriented uses adjacent to I-80 and the Spanish Springs Valley. It may also include larger retail centers that serve as a regional draw. Single-use or strip center commercial patterns of development are discouraged. Smaller, limited use centers should be integrated into the surrounding neighborhood.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
13.07 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Sierra Pacific Power Co
Entity
Free & Clear · 8 yrs held
Mailing address
1580 HYMER AVE STE #100, SPARKS, NV 89431-5622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2018
—
Sierra Pacific Power Co
Regional Trasportation Comn
Quit Claim Deed
related
—
Nov 18, 2005
$375,000
Lepori Ranch LLC
Lepori Family 1999 Trust
Grant Deed
—
Oct 11, 2002
$75,000
Lepori,tr
Lepori,frank & Carol J
Grant Deed
related
—
—
—
Lepori Ranch LLC
—
Deed Of Trust
related
$710,000 · Umpqua Bank
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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