406 Pyramid Way — Sale in Sparks, NV

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Sparks, NV 89431

Photos

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Investment Figures

Cap rate
1.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale 406 Pyramid Way in Sparks, Nevada. The property features a freestanding, single-story brick building totaling 3,623 square feet on 0.33 acres and is well suited for a variety of retail and office uses. The property is located at the intersection of Pyramid Way and D Street, just two blocks north of the Interstate 80 interchange. Pyramid Way is a primary thoroughfare for commuters, connecting I-80 with much of Sparks and Spanish Springs. 406 Pyramid Way offers frontage and signage visible to approximately 20,000 vehicles per day and is centrally located, providing convenient access throughout the Reno-Sparks area. The property also features a fully fenced and gated parking lot with 16 on-site parking spaces, in addition to nearby street parking. The subject property is listed on the National Register of Historic Places as the Mary Lee Nichols School. Originally designed by one of Nevada’s most prominent architects, the building was constructed in 1917 as a schoolhouse. It has since been thoughtfully renovated and is currently configured as a quilting and fabric retail store. The existing layout is well suited for continued retail use or potential conversion to professional or medical office use. The property is being offered for sale subject to a three-month seller leaseback to provide time for relocation. Priced at $1,000,000, or $276/SF, this offering presents an opportunity to acquire a versatile property with a rich history at an accessible price point. Please contact the listing agent for additional information. Investment Highlights: • Brick Construction • Owner/User or Investment Opportunity • Fenced and Gated On-Site Parking

Market Context

This retail in Sparks, NV is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Sparks, NV — view the full market.

As of Q2 2026, the Reno retail market showed a 3.9% vacancy rate, and average asking rents near $18.84/SF/yr. Source: Kidder Mathews Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Reno retail market tightening or softening?
Vacancy is around 3.9% (Q2 2026).

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