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Property profile & analytics
OFF-MARKET
Office buildings
639 Pyramid Way Sparks, NV 89431-5060
Individually Owned
Free & Clear
Property ID
US62-0448518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1941
Construction
FRAME
Total area
1,026 SF
Lot
0.1 ac (4,230 SF)
Zoning code
MUD
APN
032-102-04
UPID
US62-0448518
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
-
Nicole Welsh Physician
-
Dr. Nicole Welsh at Kiddo Wellness Physician Medical Clinic
-
Nevada Forms & Printing Co. Marketing & Advertising Printing Service
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
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,114
Tax year 2023
Assessed value
$32,762
Assessed 2023
Previous assessed
$28,773
+13.9% YoY
Effective rate
3.40%
On assessed value
Assessed land
$15,471
Assessed improvement
$17,291
Land market value
$44,204
Improvement market value
$49,404
Total market value
$93,608
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1941
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,026 SF
Lot
0.1 ac (4,230 SF)
Zoning code
MUD
APN
032-102-04
UPID
US62-0448518
Jurisdiction
WASHOE
Zoning & alternative use
MUD · Sparks, NV
Zoning MUD · permitted uses
MUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparks. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1941
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
State Of Nevada
Individual
Free & Clear · 0 yrs held
Mailing address
7800 MORGAN POINTE CIR, RENO, NV 89523-4801
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
Jan 28, 2026
—
State Of Nevada
City Of Sparks
Quitclaim Deed
related
—
Sep 7, 2021
—
N Welsh Holding LLC
—
Deed
related
$121,000 · Nevada State Development Corporation
Jul 30, 2021
$350,000
Welsh Holdings LLC
Gregory P Yoshii
Bargain And Sale Deed
$180,400 · Meadows Bank
Jul 30, 2021
—
N Welsh Holdings LLC
—
Deed
related
$117,000 · Meadows Bank
Jun 24, 2015
—
Yoshii,gregory & Aili Trust
Yoshii Gregory P & Aili G
Quit Claim Deed
related
—
Mar 29, 2010
—
Salerno Living Trust
Salerno,phillip G
Quit Claim Deed
related
—
May 30, 1997
$120,000
Phillip G Salerno
Griffin,wesley W & Elizabeth C
Grant Deed
$90,000 · Pioneer Citizens Bank Nevada
Jun 28, 1990
$75,000
Wesley W Griffin
Unknown
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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