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Property profile & analytics
OFF-MARKET
Individual retail properties
409 Pyramid Way, Sparks, NV 89431-5054
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0094884
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1905
Construction
WOOD
Total area
1,304 SF
Lot
0.11 ac (4,617 SF)
Zoning code
MUD
APN
032-154-07
UPID
US62-0094884
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
-
Treatedby.tiff Hair Salon Nail Salon
-
FreeBird Beauty Medical Clinic Skin Care Clinic
-
Mom on the Glow Spray Tanning - A FreeBird Beauty Company Hair Salon Nail Salon
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The Parlour Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Parlour Hse LLC-pyramid Series · 8 yrs held
Parlour Hse LLC-pyramid Series
since 2017
7 recorded transactions
Zoning & alternative use
MUD · 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
—
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
$951
Tax year 2023
Assessed value
$31,795
Assessed 2023
Previous assessed
$28,661
+10.9% YoY
Effective rate
2.99%
On assessed value
Assessed land
$15,352
Assessed improvement
$16,443
Land market value
$43,862
Improvement market value
$46,979
Total market value
$90,841
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1905
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
1,304 SF
Lot
0.11 ac (4,617 SF)
Zoning code
MUD
APN
032-154-07
UPID
US62-0094884
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · 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
1905
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Parlour Hse LLC-pyramid Series
Entity
Free & Clear · 8 yrs held
Mailing address
6762 PEPPERGRASS DR, SPARKS, NV 89436-6139
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2017
—
Parlour Hse LLC-pyramid Series
Chance,kate L
Quit Claim Deed
related
—
Jun 6, 2017
—
Kate L Chance
Chance,kate L
Quit Claim Deed
related
—
Mar 6, 2017
—
Chance Estate LLC-parlour Hse
Chance,larry D JR & Kate L
Quit Claim Deed
related
—
Dec 27, 2016
$185,000
Larry Dale Chacne JR
43 Penny LLC
Bargain And Sale Deed
$135,000 · Summit Funding INC
Apr 1, 2016
—
43 Penny LLC
Freitag,paul W
Grant Deed
—
Mar 23, 2016
$99,000
43 Penny LLC
Freitag,paul W
Grant Deed
$72,000 · Lmf 2 LP
Jun 7, 2011
—
Ian R Hughes
Treasurer Of Washoe County
Tax Deed
related
—
Aug 5, 2010
—
Paul W Freitag
Freitag,elisabeth K
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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