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    For Sale (14)

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    20 Acre Parcel in Pahrump
    $240,000
    20.00 Acres

    20 Acre Parcel in Pahrump

    20 acre vacant land parcel ready for development.

    2441 W Jaybird St, Pahrump, NV 89048
    View details
    Las Vegas High-Rise Condo-Hotel
    $380,000
    874 SF

    Las Vegas High-Rise Condo-Hotel

    Eighth-floor Signature at MGM residence with mountain and racetrack views.

    125 E Harmon Ave, Las Vegas, NV 89109
    View details
    Mesquite Land for Multi-Family Development
    $1,290,000
    4.22 Acres

    Mesquite Land for Multi-Family Development

    4.22 acres of multi-family land in Mesquite, Nevada.

    517 W Mesquite Blvd, Mesquite, NV 89027
    View details
    Pahrump Vacant Land Parcel
    $33,000
    1.00 Acre

    Pahrump Vacant Land Parcel

    One-acre vacant land parcel in Pahrump, Nevada.

    4260 Jacob St, Pahrump, NV 89048
    View details
    Large Lot, Custom Home Potential
    $94,900
    0.45 Acres

    Large Lot, Custom Home Potential

    Spacious lot for custom home, near the Las Vegas Strip.

    Wisteria Ave, North Las Vegas, NV 89032
    View details
    Pahrump Corner Lot for Home
    Contact for pricing
    0.22 Acres

    Pahrump Corner Lot for Home

    0.217-acre corner lot to build your dream home.

    1120 S Xenia Ave, Pahrump, NV 89048
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    Mesquite Land Near Casa Blanca
    $1,390,000
    4.38 Acres

    Mesquite Land Near Casa Blanca

    4.38 acre commercial and multi-family land near Casa Blanca.

    777 2Nd South St, Mesquite, NV 89027
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    Pahrump Land with Development Potential
    $169,900
    2.20 Acres

    Pahrump Land with Development Potential

    2.2 acres with power, flood mitigation, and development cost savings.

    1821 E Lewis St, Pahrump, NV 89048
    View details
    Pahrump Acreage for Custom Home
    $60,000
    1.10 Acres

    Pahrump Acreage for Custom Home

    1.1-acre residential land in Pahrump, build your dream home.

    1461 Silver Peak Ave, Pahrump, NV 89048
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    Pahrump Land Opportunity
    $145,000
    2.20 Acres

    Pahrump Land Opportunity

    2.2 acres of land in Country Place Subdivision.

    4861 Ruth Rd, Pahrump, NV 89060
    View details
    Pahrump Acreage for Custom Build
    Contact for pricing
    1.02 Acres

    Pahrump Acreage for Custom Build

    1.02 acre parcel in Pahrump, Nevada for sale.

    3411 W Mesquite Ave, Pahrump, NV 89060
    View details
    Pahrump Acreage with Mountain Views
    Contact for pricing
    1.01 Acres

    Pahrump Acreage with Mountain Views

    1.01 acre parcel in Pahrump, ideal for custom home.

    3431 W Mesquite Ave, Pahrump, NV 89060
    View details
    Las Vegas High Rise Living
    $458,888
    1,563 SF

    Las Vegas High Rise Living

    Luxury high-rise with strip views, amenities, and retail opportunities.

    200 W Sahara Ave, Las Vegas, NV 89102
    View details
    Pahrump Vacant Land Opportunity
    $36,500
    1.00 Acre

    Pahrump Vacant Land Opportunity

    One acre of land ready for your dream home.

    550 W Morgan Ln, Pahrump, NV 89060
    View details

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    Keller Williams Realty The MarketPlace
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    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
    Keller Williams Realty The MarketPlace
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