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    For Sale (16)

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    Pahrump Land Zoned Multi-Family
    $33,000
    0.46 Acres

    Pahrump Land Zoned Multi-Family

    Land in Pahrump, NV, zoned for multi-family development.

    2440 Old West Ave, Pahrump, NV 89048
    View details
    Las Vegas Industrial Development Land
    $2,200,000
    3.27 Acres

    Las Vegas Industrial Development Land

    3.27 acres of prime industrial land in Las Vegas.

    2150 Dolly Ln, Las Vegas, NV 89115
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    Pahrump Land Ready to Build
    $189,000
    4.77 Acres

    Pahrump Land Ready to Build

    Corner lot near custom home, septic and well installed.

    781 W Elderberry St, Pahrump, NV 89048
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    Land in Upscale Henderson Neighborhood
    $450,000
    0.97 Acres

    Land in Upscale Henderson Neighborhood

    Nearly one acre lot to build your dream home.

    Emden St, Henderson, NV 89015
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    Henderson Land with Active Well
    $475,000
    1.07 Acres

    Henderson Land with Active Well

    Over one acre corner lot with active well in Henderson.

    Fife St, Henderson, NV 89015
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    Las Vegas Loft-Style Condo
    $335,900
    838 SF

    Las Vegas Loft-Style Condo

    One-bedroom loft with city views and resort-style amenities.

    353 E Bonneville Ave, Las Vegas, NV 89101
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    Downtown Las Vegas Loft Condo
    $310,000
    786 SF

    Downtown Las Vegas Loft Condo

    Spacious loft condo in the heart of downtown Las Vegas.

    353 E Bonneville Ave, Las Vegas, NV 89101
    View details
    Las Vegas High-Rise Condo
    $420,000
    1,368 SF

    Las Vegas High-Rise Condo

    Luxury 2-bedroom condo with mountain and city views.

    8255 Las Vegas Blvd, Las Vegas, NV 89123
    View details
    Henderson Land Parcel, Corner Lot
    $249,900
    0.69 Acres

    Henderson Land Parcel, Corner Lot

    Corner lot near mountains, build your dream home!

    5278 Parawan St, Henderson, NV 89015
    View details
    Remodeled High-Rise Condo with Views
    $469,900
    1,573 SF

    Remodeled High-Rise Condo with Views

    Luxury Las Vegas condo with Strip views and resort amenities.

    8255 Las Vegas Blvd, Las Vegas, NV 89123
    View details
    Southern Highlands Estate Lot
    $5,899,000
    2.56 Acres

    Southern Highlands Estate Lot

    2.56-acre lot in a double-gated, guard-gated community.

    2 Shadow Canyon Ct, Las Vegas, NV 89141
    View details
    Las Vegas Land Opportunity
    $674,000
    1.52 Acres

    Las Vegas Land Opportunity

    1.5+ acre lot ready for development in Las Vegas.

    Maulding Ave, Las Vegas, NV 89123
    View details
    Luxury High-Rise Condo with Views
    $849,900
    2,872 SF

    Luxury High-Rise Condo with Views

    Remodeled 4-bedroom condo with Strip and mountain views.

    8255 Las Vegas Blvd, Las Vegas, NV 89123
    View details
    Cleared Land in North Las Vegas
    $125,000
    0.19 Acres

    Cleared Land in North Las Vegas

    Cleared 0.19-acre lot ready for development with utilities available.

    2404 Bassler St, North Las Vegas, NV 89030
    View details
    Las Vegas Penthouse with Strip Views
    $2,495,000
    4,007 SF

    Las Vegas Penthouse with Strip Views

    Rare penthouse with 360° views of the Las Vegas Strip.

    2877 Paradise Rd, Las Vegas, NV 89109
    View details
    MGM Grand Signature Suite
    $315,000
    520 SF

    MGM Grand Signature Suite

    Fully furnished, AirBNB-approved condo-hotel suite with panoramic views.

    125 E Harmon Ave, Las Vegas, NV 89109
    View details

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    LIFE Realty District
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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
    LIFE Realty District
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