Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9650 Pyramid Way, Unit 101 Sparks, NV 89441-5515

    • Retail space
    • 5,520 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $1,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0264051
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RISE Recreational Dispensary Spanish Springs / (Bike/Boat/Book/etc) Store

    Property Details for 9650 Pyramid Way

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.77 lot acres
    Property size
    5,520 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    534-092-08
    APU
    53409208

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,130,000
      6.5%
      $1,965,000
      7%
      $1,825,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,680,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,280,000
      Change: +36% Conversion: Difficult
      MEDICAL BUILDING
      $1,930,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,910,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,820,000
      Change: +9% Conversion: Difficult
      OFFICE BUILDING
      $1,530,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.709
    Latitude
    39.6375
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,888
    $117,810
    $225,384
    $343,194
    -
    $336,600
    $643,953
    $980,553

    Comparable in this City

    • Value Estimation
      $16,625,000
      52,128 SF

      9750 Pyramid Way

      GROCERY, SUPERMARKET • 52,128 SF
      9750 Pyramid Way, Sparks, NV 89441-7549
      View Details
    • Value Estimation
      $875,000
      3,000 SF

      15 Eagle Cyn Dr

      GROCERY, SUPERMARKET • 3,000 SF
      15 Eagle Cyn Dr, Sparks, NV 89441-5653
      View Details
    • Value Estimation
      $5,270,000
      17,200 SF

      9720 Pyramid Way

      SHOPPING CENTER, STRIP CENTER • 17,200 SF
      9720 Pyramid Way, Sparks, NV 89441
      View Details
    • Value Estimation
      $1,475,000
      8,404 SF

      9725 Pyramid Way

      SHOPPING CENTER, STRIP CENTER • 8,404 SF
      9725 Pyramid Way, Sparks, NV 89441-7545
      View Details
    • Value Estimation
      $1,880,000
      7,182 SF

      9725 Pyramid Way

      WHOLESALE OUTLET, DISCOUNT STORE • 7,182 SF
      9725 Pyramid Way, Sparks, NV 89441-7545
      View Details
    • Value Estimation by Request
      6,532 SF

      9725 Pyramid Way

      RESTAURANT • 6,532 SF
      9725 Pyramid Way, Sparks, NV 89441-7545
      View Details

    Similar Nearby for Sale

    • $150,000
      10.00 Acres

      Sparks Land with Mountain Views

      10-acre lot with mountain and valley views in Sparks.
      Rio Seco Ln, Sparks, NV 89441
      View Details
    • Contact for pricing
      25,880 SF

      Sparks Industrial Warehouse For Sale/Lease

      25,880 SF Industrial Space, Nevada
      200 Academy Way, Sparks, NV 89441
      View Details
    • $199,000
      11.11 Acres

      Sparks Land with Panoramic Views

      11.11 acres in Sparks, NV, with paved road access.
      El Cid Pl, Sparks, NV 89441
      View Details
    • $175,000
      39.25 Acres

      Sparks, NV 40-Acre Parcel

      40 acre parcel with flat area suitable for building.
      Encanto Dr, Sparks, NV 89441
      View Details
    • Contact for pricing

      Sparks, NV Land Opportunity

      15 acres of land in a rapidly growing area.
      100 Neighborhood Way, Sparks, NV 89441
      View Details
    • $125,000
      40.15 Acres

      Spectacular 40-Acre Parcel in Sparks

      40-acre parcel with city skyline and mountain views.
      1460 Tres Ahlemeyer Dr, Sparks, NV 89441
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      35,624 SF

      Sparks Industrial Space Available

      Industrial property available for lease in Sparks, Nevada.
      115 Circuit Ct, Sparks, NV 89441
      View Details
    • Contact for pricing
      15,815 SF

      Sparks Office Space Available

      Office space available for rent in Sparks, Nevada.
      7979 Turtledove Ct, Sparks, NV 89441
      View Details
    • Contact for pricing
      38,700 SF

      Sparks Warehouse Space Available

      38,700 SF warehouse space for lease in Sparks, Nevada.
      100 Distribution Dr, Sparks, NV 89441
      View Details
    • Contact for pricing
      7,510 SF

      Sparks Industrial Flex Space

      New 7,510 SF Flex Space in Sparks, NV
      140 Design Pl, Sparks, NV 89441
      View Details
    • Contact for pricing
      80,000 SF

      New Industrial Suite Available

      80,000 SF suite in Sparks, NV, available Q3 2025.
      445 Ingenuity Ave, Sparks, NV 89441
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Space in Sparks, Nevada

      18,000 square foot industrial property available for rent.
      420 Ingenuity Ave, Sparks, NV 89441
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9650 Pyramid Way, Unit 101
    Sparks, NV 89441-5515
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!