Technical
Financial
Distress signals
Property profile

518 Pyramid Way Sparks, NV 89431

OFF-MARKET
Office buildings
Property ID
US62-1309955
3,238 SF 0.16 ac lot Built 1927
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional owner-user investment opportunity presents a 3,238 square foot medical office building situated at 518 Pyramid Way in Sparks, Nevada. Built in 1927 and renovated in 1970, this two-story building sits on a lot identified by APN 033-241-13 and is zoned MUD. The asking price is $550,000, translating to $169.86 per square foot. The property features a well-established medical office space, complete with a built-in reception area, an open waiting room, three exam rooms, two restrooms, and a dedicated storage room. Adding to its investment appeal, the building also includes two apartments. One apartment is currently fully leased, providing immediate rental income. The vacant downstairs medical office space presents a significant opportunity for an owner-occupant or an investor seeking to lease to a medical professional. This mixed-use property offers a unique blend of income generation and potential for growth in a desirable Nevada location. The property's history and current configuration make it an attractive option for a variety of medical practices or investors seeking a stable, income-producing asset in the thriving Sparks market. Further details regarding the leased apartment are available upon request.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1927
Construction WOOD
Total area 3,238 SF
Lot 0.16 ac (7,144 SF)
Zoning code MUD
APN 033-241-13
UPID US62-1309955

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician

Location

518 Pyramid Way Sparks, NV 89431-5057
Sparks metro Census 3001 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$579k
Blend (final) Blend
$510k

Owner & transaction history

since 2026
Last sale
$510,000
7 recorded transactions
2026
Price N/A
2024
$510,000
2016
Price N/A
2016
$375,000
2016
Price N/A
2014
$200,000
2004
$270,000

Zoning & alternative use

MUD · Sparks, NV
Zoning description

These districts provide a mix of uses, including high-density residential. The district allows vertical and/or horizontal mixing of uses on sites. The regulations create mix of uses with an efficient and compact developm…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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