518 Pyramid Way Sparks, NV 89431-5057
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.
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Dr Zeller Physician
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Family Quick Care Clinic Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUD · Sparks, NVSparks. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.