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Property profile & analytics
OFF-MARKET Estimated value $510,000
Office buildings

518 Pyramid Way Sparks, NV 89431-5057

3,238 SF 0.16 ac lot Built 1927
Individually Owned Free & Clear
Property ID
US62-1309955
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr Zeller Physician
  • Family Quick Care Clinic Physician
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
State Of Nevada
State Of Nevada
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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