Add Listing
    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

    875 BOULDER Lane Indian Springs, NV 89018

    View on Map
    Claim this Listing
    For Sale
    $5,500,000

    Land - Indian Springs, NV

    Lot size:
    16.44 Acres
    Added:
    Oct 8, 2019
    Days on Market:
    2395
    Last Refresh:
    Apr 28 at 8:06 am

    Property Features for 875 BOULDER Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Multi-Family
    Standard status
    Active
    APN
    059-08-701-059
    Lot size
    16.44 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2382

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mason B. Harvey

    Listing agent Mason B. Harvey License #BS.0005553

    Listing office BHHS Nevada Properties 1490 Center Crossing Rd, Henderson, NV

    Listing date Oct 8, 2019

    MLS# 2139198 Listing URL

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indian Springs Land Opportunity

    This 16.44 net acre property is zoned R-3, with approvals for 304 units and waivers for off-site improvements and certain construction taxes. Situated in Indian Springs, it is directly across US Hwy-93 from Creech Air Force Base, home to military RPA's (drones), NNSS, DOD, Yucca Mountain, and the High Desert Correctional facilities, collectively employing approximately 4,500 to 6,000 people. Located approximately 25-35 miles northwest of Las Vegas, the property benefits from paved roads, water, and sewer access. Its location is ideal, positioned between Indian Springs schools and the Public Parks & Recreation Center. A new Family Dollar store is now open. A new Terrible Herbst Casino/Fuel Depot and Bob's Big Boy sit-down restaurant opened in September 2020. Touchstone Homes has sold out their subdivision, and Beazer Homes SFR detached Solaris Subdivision is now underway. Fiber optic broadband and internet service are under evaluation for the Town. The property is suitable for joint venture or sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Indian Springs
    County
    Clark
    State
    Nevada
    Longitude
    -115.6793
    Latitude
    36.571843

    Nearby Similar for Sale

    • $3,200,000

      Expansive Land in Indian Springs

      39-acre property near Las Vegas with residential zoning.
      APN 059-16-101-007 & 008, Indian Springs, NV 89018
      View Details
    • $5,300,000
      15 SF

      Industrial Land Investment Opportunity

      15-acre industrial land with income near Creech Airforce Base.
      US Highway 95 North, Indian Springs, NV 89018
      View Details
    • $5,300,000

      Industrial Land with Income

      Industrial land for sale with existing income and development potential.
      W US Hwy 95 N, Indian Springs, NV
      View Details
    • $5,300,000

      Industrial Land Investment Opportunity

      15-acre industrial land with existing lease and income.
      US-95, Indian Springs, NV 89018
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 16.44 acres zoned for multi-family development in Indian Springs.
    Where is this residential land & home lot located?
    The property is located at 875 BOULDER Lane Indian Springs, NV.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Approved zoning for 304 units (R‑3) with waivers for off‑site improvements and certain construction taxes.; Located directly across from Creech AFB, a major employment hub with approximately 4,500‑6,000 employees.; Proximity to other major employers including NNSS, DOD, Yucca Mt, and High Desert Correctional.
    (702) 312-7070
    We can help!
    Listing Contact
    Mason B. Harvey
    Real Estate License ID: BS.0005553
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!