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

    75 Justin Drew Ln Lovelock, NV 89418

    Sponsored
    For Sale
    Contact for pricing

    LAND - Lovelock, NV

    Lot size:
    5.44 Acres
    Days on Market:
    220
    Last Refresh:
    Jan 31 at 11:06 pm

    Property Features for 75 Justin Drew Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LDS
    APN
    011-240-14
    Fencing
    Fenced, Barbed Wire
    Lot size
    5.44 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Megan LoPresti

    Dickson Realty (775) 882-6300

    Listing agent Megan LoPresti (775) 671-1447 License #BS.1000376

    Listing date Jun 26, 2025

    MLS# 250004085 Listing URL

    Copyright © 2025 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

    Vacant Land Near Rye Patch

    This 5.44-acre parcel of vacant land is located just northeast of Lovelock, Nevada, off the Oceana Exit and near the Rye Patch Reservoir. The property features flat, clear, and open land with easy access for development. Situated on a quiet cul-de-sac, the lot offers privacy and peace while remaining a short distance from main roads. Power lines are conveniently located along Old Victory Hwy. The location provides panoramic views in all directions, encompassing the desert landscape and surrounding mountains. This land presents an opportunity to build a home, develop a getaway, or create a personalized space in Nevada.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Lovelock
    County
    Pershing
    State
    Nevada
    Longitude
    -118.285049
    Latitude
    40.394151

    Nearby Similar for Sale

    • New
      $1,500,000
      25,184 SF

      Lovelock Industrial Property with Rail

      Versatile industrial property in Lovelock, NV with private rail.
      35 Mcdougal Industrial Pkwy, Lovelock, NV 89419
      View Details
    • $300,000
      8,490 SF

      Retail Commercial Building with Workshop

      17,400 SF property with retail building and metal shop.
      395 Main St, Lovelock, NV 89419
      View Details
    • $298,880
      3,875 SF

      Historic Commercial Building, Lovelock

      Versatile commercial building in downtown Lovelock with multiple business suites.
      360 Main St, Lovelock, NV 89419
      View Details
    • $325,000
      1,600 SF

      Corner Restaurant in Downtown Lovelock

      Commercial building with full kitchen on over a quarter acre.
      915 Cornell Ave, Lovelock, NV 89419
      View Details
    • New
      $295,000
      4,869 SF

      Classic Motel in Central Lovelock

      Non-operating 20-unit motel with conversion potential in central Lovelock.
      435 9 St, Lovelock, NV 89419
      View Details
    • $360,000
      5,444 SF

      Lovelock Auto Shop with Visibility

      Auto repair shop with I-80 visibility and semi-truck servicing.
      1165 Amherst Ave, Lovelock, NV 89419
      View Details
    • $249,900
      3,625 SF

      Commercial Buildings with Rental House

      Two commercial buildings, bar setup, plus rental house.
      925 W Broadway Ave, Lovelock, NV 89419
      View Details
    • $335,000
      3,803 SF

      Mini-Storage, Warehouse, Fenced Yards

      Mini-storage, warehouse, and fenced yards in Lovelock, Nevada.
      610 Industrial Way, Lovelock, NV 89419
      View Details
    • $285,000

      Lovelock Motel with Conversion Potential

      Non-operating 20-unit motel in central Lovelock with upgrade potential.
      435 9 St, Lovelock, NV 89419
      View Details
    • $300,000

      Lovelock Retail and Workshop Buildings

      Retail building and workshop in central Lovelock, Nevada.
      395 Main St, Lovelock, NV 89419
      View Details
    • $380,000

      Auto Repair Shop with Visibility

      Auto shop with I-80 visibility, suitable for various automotive services.
      1165 Amherst Ave, Lovelock, NV 89419
      View Details
    • $340,000
      3,803 SF

      Lovelock Mini-Storage and Warehouse

      Mini-storage, warehouse, and outdoor storage in Lovelock, Nevada.
      15 Mcdougal Industrial Complex Rd, Lovelock, NV 89419
      View Details

    FAQs

    What type of property is this?
    Land - 5.44-acre vacant land parcel near Rye Patch Reservoir.
    Where is this land located?
    The property is located at 75 Justin Drew Ln Lovelock, NV.
    What is the asking price?
    The asking price for this property is $20,000.
    What are key features of this property?
    This property features: - Large 5.44-acre parcel of flat, clear, and open land suitable for development.; - Conveniently located near Rye Patch Reservoir and with easy access off the Oceana Exit.; - Power lines located along Old Victory Hwy.
    (775) 671-1447
    Request Owner's contact information
    75 Justin Drew Ln Lovelock, NV 89418
    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.
    75 Justin Drew Ln
    Lovelock, NV 89418
    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
    75 Justin Drew Ln Lovelock, NV 89418
    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
    Megan LoPresti
    Real Estate License ID: BS.1000376
    (775) 671-1447
    Learn more
    Google sign-in failed. Please try again or use another login method.