Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    BLM 1578 Road Montello, NV 89823

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Montello, NV

    Lot size:
    40.00 Acres
    Added:
    Mar 17, 2025
    Days on Market:
    410
    Last Refresh:
    Apr 30 at 10:06 am

    Property Features for BLM 1578 Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    075-002-063
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    69

    We can help!

    Listing Contact
    Teren Mitton

    Listing agent Teren Mitton License #S.0194587

    Listing office Allie Bear Real Estate 3711 Sundance Dr, ELKO, NV

    Listing date Mar 17, 2025

    MLS# 3626010 Listing URL

    Copyright © 2026 Elko County Board of 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

    Nevada Land with Mountain Views

    This 40-acre property is located in South Pilot Valley, near Pilot Peak, a 10,716-foot landmark. The land offers open space and is suitable for off-grid living. The area is known for its solitude and natural beauty, with deer, elk, and antelope frequently seen. This property presents a rare opportunity to own a large piece of Nevada's high desert, ideal for recreation or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Montello
    County
    Elko
    State
    Nevada
    Longitude
    -115.432
    Latitude
    41.4998

    Nearby Similar for Sale

    • $6,000

      Montello, Nevada 10-Acre Land Parcel

      10 acres in Nevada Hunt Unit 077, perfect hunting camp.
      01014D018 SW4SE4NE4; SEC: 19 TWN 39N RNG: 67E MDB&M, Montello, NV 89830
      View Details
    • $15,000

      Nevada Land Parcel For Sale

      10-acre land parcel in Montello, Nevada, ideal for recreation.
      01056B024 SEC 3 TWP 37N RGE 69E MDB&M NV, Montello, NV 89830
      View Details
    • $12,500

      Nevada Land Parcel in Montello

      2.20-acre parcel in Sunland Acres, Montello, Nevada.
      OAK Street, Montello, NV 89883
      View Details
    • $12,500

      2.27 Acres in Montello, NV

      2.27-acre lot with road access in Montello, Nevada.
      PINE Street, Montello, NV 89830
      View Details
    • $22,000

      Nevada Land with Recreational Potential

      40-acre parcel near Montello, NV, ideal for recreation.
      01016C009 SEC 15 TWP 41N RGE 67E, Montello, NV 89830
      View Details
    • $49,000

      Nevada Land with Mining History

      40-acre plateau near Montello with historic mining features.
      010-35P-044 T38N R68E S35, Montello, NV 89830
      View Details
    • $20,000

      Unimproved Land Near Montello, Nevada

      20 acres of unimproved land perfect for off-grid living.
      01057R004 SW4NW4NE4, SEC 35 TWP38N RGE69E MDB&M NV, Montello, NV 89830
      View Details
    • $5,000

      Montello, NV 10-Acre Land Parcel

      10 acres of recreational land in Montello, Nevada.
      010-35O-019 S33 T38N R68E, Montello, NV 89830
      View Details
    • $8,900

      Undeveloped 10-Acre Parcel in Montello

      10-acre undeveloped land parcel in Montello, Nevada.
      SEC1 TWP39N RGE68E, Montello, NV 89830
      View Details
    • $9,000

      Nevada Land Parcel in Montello

      10-acre land parcel in Montello, Nevada, ideal for recreation.
      SEC 13 TWP 40N RGE 68E MDB&M NV, Montello, NV 89830
      View Details
    • $20,000

      Nevada Land Near Pilot Valley

      40-acre parcel bordering BLM land, ideal for recreation.
      075008044 MEADOW VALLEY RANCHES PARCEL 844, Montello, NV 89835
      View Details
    • $22,500

      Nevada Land with Mountain Views

      40 acres in Elko County, Nevada, with easy access.
      Old Highway Road, Montello, NV 89830
      View Details

    FAQs

    What type of property is this?
    Land - 40-acre property perfect for off-grid living and recreation.
    Where is this land located?
    The property is located at BLM 1578 Road Montello, NV.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 40‑acre property offering privacy and open space; Ideal for off‑grid living, recreation, or investment; Breathtaking views and natural beauty
    (775) 401-0639
    We can help!
    Listing Contact
    Teren Mitton
    Real Estate License ID: S.0194587
    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!