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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Office buildings
979 Pyramid Way Sparks, NV 89431-4468
Individually Owned
~
Est. High Equity
Property ID
US62-0467090
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
5,924 SF
Lot
0.64 ac (28,089 SF)
Zoning code
MUD
APN
031-232-51
UPID
US62-0467090
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
-
Bloom Medspa and Wellness Spa & Massage Center Alternative Medicine Practice
-
Cardinal Financial España Team Loan Service Bank
-
Edward Jones - Financial Advisor: Eric S Olson, AAMS™ Financial Advisor
-
Nate Pina-Cardinal Financial Company, Limited Partnership Loan Service Bank
-
Cardinal Financial Company, Limited Partnership Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$1.77M
Owner & transaction history
State Of Nevada
State Of Nevada
since 2026
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
MUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+35.4%
Apartment house (5+ units)
$2.0M
+27.8%
Industrial (general)
$1.7M
+11.7%
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
Method
Estimation
Statistic approach
$1,665,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$1,490,000
6.5%
$1,375,000
7%
$1,280,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,530,000
Current use
MEDICAL BUILDING
$2,070,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,955,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,710,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,590,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,485,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.85M (Jan 27 2023)
Last sale anchor
$1.85M
Jan 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$299 / SF
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
$12,941
Tax year 2023
Assessed value
$373,738
Assessed 2023
Previous assessed
$327,050
+14.3% YoY
Effective rate
3.46%
On assessed value
Assessed land
$102,736
Assessed improvement
$271,002
Land market value
$293,530
Improvement market value
$774,291
Total market value
$1,067,821
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
2005
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,924 SF
Lot
0.64 ac (28,089 SF)
Zoning code
MUD
APN
031-232-51
UPID
US62-0467090
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
State Of Nevada
Individual
Mailing address
3845 CAUGHLIN PKWY, RENO, NV 89519-0605
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
State Of Nevada
City Of Sparks
Quitclaim Deed
related
—
Jan 27, 2023
$1,850,000
Eccles Properties INC
Alfred Pennyworth LLC 979 Pyramid S
Bargain And Sale Deed
—
Aug 14, 2017
$1,500,000
Alfred Pennyworth LLC
Plummer-smith Jennie C Trust
Grant Deed
$950,000 · Bank Of The West
Jun 6, 2006
—
Plummer-smith Jennie C Trust
Owner,record
Grant Deed
related
$740,000 · Nevada State Bank
Feb 23, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Plummer-smith,jennie C Trust
—
Deed Of Trust
related
$630,000 · Bank Of America
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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