Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    53 Shores Drive Walker Lake, NV 89415

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Walker Lake, NV

    Lot size:
    1.01 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    47
    Last Refresh:
    May 5 at 10:06 pm

    Property Features for 53 Shores Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    M3
    Standard status
    Active
    APN
    008-110-27
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Annual Amount
    254

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Eric Gothan
    Eric Gothan

    Listing agent Eric Gothan License #BS.2214

    Listing office Sierra Nevada Properties-Fallo 945 W WIlliams, Reno, NV

    Listing date Mar 20, 2026

    MLS# 260003175 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.

    Overview

    Walker Lake View Land

    This one-acre parcel offers views of Walker Lake and the surrounding mountains. A paved road provides access to the lake. The property features a graded building pad and an installed septic system. Underground utilities are being installed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Walker Lake
    County
    Mineral
    State
    Nevada
    Longitude
    -118.657
    Latitude
    38.6331

    Nearby Similar for Sale

    • $29,900

      Walker Lake Land Parcel

      1-acre parcel with lake and mountain views in Walker Lake.
      51 Shores Drive, Walker Lake, NV 89415
      View Details
    • $10,191

      Walker Lake Vacant Lot

      0.23-acre vacant lot with lake and mountain views.
      209 Pamela Drive, Walker Lake, NV 89415
      View Details
    • $14,838

      Walker Lake Land with Views

      0.46-acre lot with lake and mountain views in Walker Lake.
      192 Lucille Drive, Walker Lake, NV 89415
      View Details
    • $45,000

      Commercial Land with Highway Frontage

      0.63-acre commercial lot with highway frontage and lake view.
      386 Golden Willow Drive, Walker Lake, NV 89415
      View Details
    • $20,000

      Walker Lake Land Parcel

      Corner parcel with lake and mountain views.
      226 Debbie Drive, Walker Lake, NV 89415
      View Details
    • $27,500

      Walker Lake Corner Lot

      0.25 acre corner lot with mountain and lake views.
      776 Gladys Drive, Walker Lake, NV 89415
      View Details
    • $32,500

      Walker Lake Land Parcel

      Land parcel with lake and mountain views in Walker Lake.
      Lakeshore Drive, Walker Lake, NV 89415
      View Details
    • $24,000

      Walker Lake Land with Views

      Corner lot with mountain and lake views, utilities available.
      508 Walker Drive, Walker Lake, NV 89415
      View Details
    • $29,000

      Walker Lake Land with Utilities

      Residential land with utilities and lake views in Walker Lake.
      279 Mallet Drive, Walker Lake, NV 89415
      View Details
    • $29,375

      Walker Lake Vacant Land

      Spacious lot with lake views, ideal for a dream home.
      208 W Cottonwood Drive, Walker Lake, NV 89415
      View Details
    • $15,000

      Walker Lake Land with Views

      0.27-acre lot with lake and mountain views in Walker Lake.
      450 Walker Drive, Walker Lake, NV 89415
      View Details
    • $119,000

      Walker Lake Land For Sale

      8.21 acres of subdividable land with lake and mountain views.
      800 Hwy 95, Walker Lake, NV 89415
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One acre parcel with lake view and utilities.
    Where is this residential land & home lot located?
    The property is located at 53 Shores Drive Walker Lake, NV.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: 1 acre parcel with beautiful view of Walker Lake; Septic system already installed; Building pad already graded
    (775) 240-1533
    We can help!
    Listing Contact
    Eric Gothan
    Eric Gothan
    Real Estate License ID: BS.2214
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    53 Shores Drive, Walker Lake, NV 89415
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!