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    5555 Sage Flat Rd Reno, NV 89510

    For Sale
    $2,980,000

    Commercial - Reno, NV

    Property size:
    1,100 SF
    Lot size:
    710.97 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 5555 Sage Flat Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    Parking features
    Garage
    Size
    1,100 SF
    Lot size
    710.97 Acres

    Building Details

    Architectural style
    Other

    Outdoor Properties of Nevada (775) 455-0225

    Listing agent Todd Renfrew (Nevada) (775) 455-0225

    Listing date Oct 16, 2025

    MLS# 11556167 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Productive Farm with Water Rights

    Palomino Farms is a 710.97 acre agricultural property located in the Palomino Valley, approximately an 8-minute drive north of Sparks, NV, and a 30-minute drive from Reno, NV. The farm produces alfalfa and alfalfa orchard grass mix, with 220.60 acres under pivot irrigation and 46.25 acres under wheel line irrigation. The farm yields approximately 4.2 to 5.35 tons per acre of alfalfa orchard grass mix and 3.55 to 4.3 tons per acre of high-quality alfalfa. There is potential for an additional 49.4 acres of pivot irrigation. Water resources include 1,268.15 acre feet of underground water rights, two 600+ ft. agricultural wells, and two 150 HP pumps. The property also includes approximately 394.72 acres of rangeland. The residence is a 1,100 sq. ft. updated three-bedroom, two-bath home featuring a large kitchen with stainless steel appliances and a living room. Ranch infrastructure includes a pole hay barn, equipment shed, shop, and outbuildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.652653
    Latitude
    39.802393

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    FAQs

    What type of property is this?
    Farm - 710.97 acre farm with water rights near Reno, Nevada.
    Where is this farm located?
    The property is located at 5555 Sage Flat Rd Reno, NV.
    What is the asking price?
    The asking price for this property is $2,980,000.
    What are key features of this property?
    This property features: - 710.97-acre farm featuring 220.60 \u00b1 irrigated acres and 394.72 \u00b1 acres of rangeland.; - **Substantial water rights:** Benefit from 1,268.15 acre feet of underground water rights, supported by two 600+ ft. ag wells and two 150 HP pumps.; - High-quality alfalfa and alfalfa orchard grass mix production with potential for increased pivot irrigation.
    (775) 455-0225
    Request Owner's contact information
    5555 Sage Flat Rd Reno, NV 89510
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    Reno, NV 89510
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    Realmo Value Estimation

    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

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    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.

    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
    5555 Sage Flat Rd Reno, NV 89510
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