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Property summary
The property located at 590 & 531 Pyramid Way in Sparks, Nevada comprises two parcels totaling approximately 0.909 acres and is an entitled development site approved for a 108-unit multifamily project. The site is zoned MUD, which permits multi-family residential development along with potential mixed-use retail and/or office uses. The approved development includes entitlements for two four-story buildings and features 124 parking spaces arranged within a secured garage. The package includes 3 AC-FT of water rights and sewer fee credits, along with fully engineered, permit-ready plans. The site is positioned near major thoroughfares and within walking distance of downtown Sparks and Victorian Square, with nearby access to events and local amenities; regional connectivity is supported by proximity to I-80 and U.S. 395 for travel to surrounding destinations including the University of Nevada, Tahoe-Reno Industrial Center, Lake Tahoe, Fernley, and Carson City.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MUD · Sparks, NVThese 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MUD in Sparks, NV.
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