Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    24 Ludington Rd Yerington, NV 89447

    Sponsored
    For Sale
    Under Contract
    $69,500

    LAND - Yerington, NV

    Lot size:
    5.23 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 2 at 6:06 pm

    Property Features for 24 Ludington Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Rr3t
    APN
    004-071-06
    Lot size
    5.23 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Jenn Menken
    Jenn Menken

    RE/MAX Professionals (775) 345-3070

    Listing agent Jenn Menken (775) 843-0566 License #S.56037

    Listing date Jan 16, 2026

    MLS# 240014584 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land with Valley Views

    This 5.23-acre parcel offers sweeping 360-degree views of the valley, mountains, and desert. It features an elevated, rough-graded homesite at the top of a hill. A second pad has been cut at a lower elevation, suitable for a barn or garage. The property borders Bureau of Land Management (BLM) land on two sides and has power nearby. Rough-grade dirt work was completed some years ago. The property is located in Yerington, Nevada.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yerington
    County
    Lyon
    State
    Nevada
    Longitude
    -119.213103
    Latitude
    39.050913

    Nearby Similar for Sale

    • New
      $440,000
      2,468 SF

      Mixed-Use Property on Main Street

      Versatile mixed-use property in central Yerington, suitable for owner-user or investment.
      2 Newcombe Ave, Yerington, NV 89447
      View Details
    • $499,000
      4,727 SF

      Yerington Commercial Building on Main

      4,727 SF commercial building suitable for retail or medical use.
      405 S Main St, Yerington, NV 89447
      View Details
    • New
      $799,000
      8,390 SF

      Retail & Office Investment Property

      Multi-tenant retail and office property with warehouse storage in Yerington.
      201 W Goldfield Ave, Yerington, NV 89447
      View Details
    • $2,982,250
      32,478 SF

      Yerington Motel with 79 Units

      Largest motel in Yerington, ideal for hospitality and lodging.
      4 N Main St, Yerington, NV 89447
      View Details
    • $1,399,000
      10,000 SF

      Mixed-Use Property with Warehouse

      Versatile commercial property featuring retail and warehouse space.
      15 Us Highway 95A North, Yerington, NV 89447
      View Details
    • $2,500,000
      18,338 SF

      Yerington Retail Shopping Center For Sale

      Retail property with income streams and development potential in Nevada.
      511 W Bridge St, Yerington, NV 89447
      View Details
    • $164,999
      1,344 SF

      Remodeled Home on Spacious Lot

      Updated interior on 2.48-acre lot with expansion potential.
      7 Norris Rd, Yerington, NV 89447
      View Details
    • $600,000
      4,860 SF

      Commercial Kitchen and Restaurant Space

      Versatile commercial space with kitchen, restaurant, and storage areas.
      215 W Goldfield Ave, Yerington, NV 89447
      View Details
    • $243,000
      1,248 SF

      Remodeled Home with Fenced Lot

      Clean, remodeled home with new roof and fenced lot.
      18 Bluestone Ave, Yerington, NV 89447
      View Details
    • $650,000
      4,727 SF

      Yerington Commercial Building - Main Street

      Versatile Commercial Space, High Visibility
      405 Main St, Yerington, NV 89447
      View Details
    • $5,000,000
      29,379 SF

      Yerington Casino - Prime Location

      Established Casino, High Revenue Potential
      45 Main St, Yerington, NV 89447
      View Details
    • $1,399,000
      10,000 SF

      Yerington Industrial Flex Property

      10,000 SF, 2 Buildings, Great Location
      15 Us Highway 95A, Yerington, NV 89447
      View Details

    FAQs

    What type of property is this?
    Land - 5.23 acre parcel with sweeping views and elevated homesite.
    Where is this land located?
    The property is located at 24 Ludington Rd Yerington, NV.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: - Sweeping 360-degree valley, mountain, and desert views.; - Borders BLM land on two sides.; - Elevated, rough-grade homesite already in place.
    (775) 843-0566
    Request Owner's contact information
    24 Ludington Rd Yerington, NV 89447
    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.
    24 Ludington Rd
    Yerington, NV 89447
    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
    24 Ludington Rd Yerington, NV 89447
    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

    We can help!
    Listing Contact
    Jenn Menken
    Jenn Menken
    Real Estate License ID: S.56037
    (775) 843-0566
    Learn more
    Google sign-in failed. Please try again or use another login method.