Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Las Vegas Vacant Land Title is generated by Realmo AI

    02 Reverend Wilson, North Las Vegas, NV 89030

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 02 Reverend Wilson, North Las Vegas, NV
    For Sale
    $109,500

    LAND - North Las Vegas, NV

    Lot size:
    0.24 Acres
    Added:
    Aug 23, 2025
    Days on Market:
    272
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 02 Reverend Wilson

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    139-16-610-411
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Annual Amount
    155

    We can help!

    Listing Contact
    Julienne M. Vernetti
    Julienne M. Vernetti

    Listing agent Julienne M. Vernetti License #S.0185014

    Listing office Signature Real Estate Group 6605 Grand Montecito Pkwy 150, Las Vegas, NV

    Listing date Aug 23, 2025

    MLS# 2712940 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.

    HighLights

    • Large 0.24 Acre Vacant Land Parcel
    • No HOA
    • Zoned for Single Family Residence
    • Great Location in North Las Vegas
    • Close to Schools and Shopping
    • Investment Opportunity: Seller has Additional Parcels Available

    Overview

    This 0.24-acre vacant land parcel is located in North Las Vegas. Zoned for single-family residences, the 10,454 square foot lot presents an opportunity to build a custom home or for investment purposes. The property is located close to schools and shopping, with a short drive to downtown Las Vegas. The seller has additional parcels for sale nearby and is willing to sell them individually or as a package. There is no Home Owners Association.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.153843
    Latitude
    36.211906

    Nearby Similar for Sale

    • $900,000
      3,094 SF

      Multifamily Property in North Las Vegas

      Rare investment opportunity with three residences on one parcel.
      1649 Stocker Street, North Las Vegas, NV 89030
      View Details
    • $659,000
      3,040 SF

      North Las Vegas Fourplex Opportunity

      Single-story fourplex in North Las Vegas with strong rental potential.
      2321 Ellis Street, North Las Vegas, NV 89030
      View Details
    • $709,000
      3,944 SF

      North Las Vegas Multifamily Investment

      Excellent condition, great location, investment opportunity in North Las Vegas.
      3244 Figler Court, North Las Vegas, NV 89030
      View Details
    • $655,000
      3,869 SF

      North Las Vegas Fourplex Investment

      Well-maintained fourplex in North Las Vegas with long-term tenants.
      2101 Sun Avenue, North Las Vegas, NV 89030
      View Details
    • $370,000
      1,760 SF

      Corner Lot Duplex in Nevada

      Duplex near Lake Mead business corridor with long-term tenants.
      3302 Thomas Avenue, North Las Vegas, NV 89030
      View Details
    • $749,900
      3,088 SF

      North Las Vegas Multifamily Investment

      Five-unit multifamily property with strong income potential in North Las Vegas.
      2536 Carroll Street, North Las Vegas, NV 89030
      View Details
    • $659,888
      3,008 SF

      Well-Maintained Fourplex in North Las Vegas

      Four-unit property with remodeled kitchens and recent capital improvements.
      2252 Ellis Street, North Las Vegas, NV 89030
      View Details
    • $33,888

      North Las Vegas Unimproved Land

      Spacious lot in a rapidly growing North Las Vegas area.
      Piper, North Las Vegas, NV 89030
      View Details
    • $360,000
      1,080 SF

      Renovated Duplex in Transforming Corridor

      Turnkey duplex near downtown redevelopment with income potential.
      1934 Stanford Street, North Las Vegas, NV 89030
      View Details
    • $600,000
      2,790 SF

      Tenant-Occupied Fourplex Investment Opportunity

      Fully occupied fourplex in North Las Vegas with immediate cash flow.
      2240 Webster Street, North Las Vegas, NV 89030
      View Details
    • $409,900
      1,745 SF

      Remodeled Duplex in North Las Vegas

      Fully remodeled duplex with new flooring and convenient freeway access.
      2109 Glider Street, North Las Vegas, NV 89030
      View Details
    • $364,999
      1,701 SF

      North Las Vegas Duplex Opportunity

      Duplex with spacious units, carports, and private storage.
      2105 Stanley Avenue, North Las Vegas, NV 89030
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land parcel zoned for single family residence.
    Where is this residential land & home lot located?
    The property is located at 02 Reverend Wilson North Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $109,500.
    What are key features of this property?
    This property features: Large 0.24 Acre Vacant Land Parcel; No HOA; Zoned for Single Family Residence
    (561) 886-7661
    We can help!
    Listing Contact
    Julienne M. Vernetti
    Julienne M. Vernetti
    Real Estate License ID: S.0185014
    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
    02 Reverend Wilson, North Las Vegas, NV 89030
    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!