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Property profile & analytics
OFF-MARKET
Retail space
621 Pyramid Way Sparks, NV 89431-5060
Individually Owned
Free & Clear
Property ID
US62-0094826
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
WOOD
Total area
2,760 SF
Lot
0.19 ac (8,370 SF)
Zoning code
MUD
APN
032-102-05
UPID
US62-0094826
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
-
Cpap & More Medical Supply Store Oxygen Equipment Supplier
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
State Of Nevada
State Of Nevada
since 2026
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 development pattern that encourages shared parking and economical use of land. Higher density and intensity is transitioned away from established ne…
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
836.03 ac
Source
Realmo
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
$2,047
Tax year 2023
Assessed value
$60,319
Assessed 2023
Previous assessed
$52,930
+14.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$27,830
Assessed improvement
$32,489
Land market value
$79,515
Improvement market value
$92,827
Total market value
$172,342
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,760 SF
Lot
0.19 ac (8,370 SF)
Zoning code
MUD
APN
032-102-05
UPID
US62-0094826
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NVZoning MUD · permitted uses
MUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 development pattern that encourages shared parking and economical use of land. Higher density and intensity is transitioned away from established neighborhoods
Zone name
Mixed Use District
General category
MIXED_USE
Zone area
836.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
State Of Nevada
Individual
Free & Clear · 0 yrs held
Mailing address
621 PO BOX 10677TH WAY, RENO, NV 89510-0677
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Mar 11, 2026
—
R&b Properties
—
Deed
related
$432,000 · United FCU
Jan 28, 2026
—
State Of Nevada
City Of Sparks
Quitclaim Deed
related
—
Jul 10, 2024
—
R&b Properties
—
Deed
related
$360,000 · Nevada State Development Corporation
Jun 28, 2024
$850,000
R&b Properties
Tsd Rental Properties LLC
Bargain And Sale Deed
$435,344 · Harvest Commercial Capital LLC
Jun 28, 2024
—
R&b Properties
—
Deed
related
$360,000 · Nevada State Development Corporation
Nov 8, 2013
$240,000
Tsd Rental Properties LLC
B G Franklin & Associates LLC
Grant Deed
—
Apr 19, 2002
$200,000
Boyd G Franklin
Gallagher,joseph P
Grant Deed
—
Apr 19, 2002
$205,000
Reco Mortgage
Franklin,boyd G & Diana D
Grant Deed
related
$205,000 · Boyd G & Diana D Franklin
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.
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