Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pahrump, Nevada Investment Land Title is generated by Realmo AI

    1031 W Alexandrite Road, Pahrump, NV 89020

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    LAND - Pahrump, NV

    Lot size:
    2.10 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    67
    Last Refresh:
    May 8 at 11:06 pm

    Property Features for 1031 W Alexandrite Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    28-127-04
    Lot size
    2.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    90

    We can help!

    Listing Contact
    Michael Kruse

    Listing agent Michael Kruse License #B.0146101

    Listing office Reside LLC 5510 S Fort Apache Rd., Las Vegas, NV

    Listing date Mar 2, 2026

    MLS# 2760217 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

    • Over 2 acres of land suitable for investment or future development.
    • Located in Pahrump, NV, a growing and affordable area of Southern Nevada.
    • Potential for residential construction, manufactured housing, or land banking.
    • Approximately 20 minutes from central Pahrump and just over an hour from Las Vegas.
    • Strong long‑term hold opportunity with appreciating acreage in Nye County.
    • One of six parcels available for individual or group purchase.

    Overview

    This 2.1-acre parcel of land is located in the northern part of Pahrump, Nevada. It is positioned approximately 20 minutes from the center of town and just over an hour from Las Vegas, offering a long-term investment opportunity in a growing area of Southern Nevada. The property is suitable for investors interested in buy-and-hold strategies, future development, and land banking in Nye County. The acreage provides flexibility for potential residential construction, manufactured housing, or resale as demand increases. There is future development potential and appreciating acreage in Nye County. The property is one of six parcels available for sale, either individually or as a group. Buyers are responsible for verifying utilities, access, and zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Skin Care Clinic Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.033287
    Latitude
    36.367779

    Nearby Similar for Sale

    • $120,000
      800 SF

      Pahrump Land with Fenced Lot

      1.21-acre corner lot with garage, near Las Vegas.
      5080 S Sunland Avenue, Pahrump, NV 89061
      View Details
    • $650,000
      2,500 SF

      Commercial Land with Shop Buildings

      4.8 acres with two commercial shop buildings in Pahrump.
      867 S Linda Street, Pahrump, NV 89048
      View Details
    • $650,000
      3,731 SF

      Motorsports Community Pad-Ready Lot

      Pad-ready lot with mountain views and motorsports lifestyle.
      6145 E Spring Mountain Boulevard, Pahrump, NV 89048
      View Details
    • $338,900
      960 SF

      Commercial Property in Pahrump, Nevada

      1.8 acre commercial property with building and RV hook-ups.
      621 W Mesquite Avenue, Pahrump, NV 89060
      View Details
    • $125,000

      Pahrump Commercial Land Opportunity

      1.14 acre commercial parcel with high business potential.
      3610 Homestead Road, Pahrump, NV 89048
      View Details
    • $600,000
      3,600 SF

      Calvada Airport Hangar Opportunity

      Spacious aircraft hangar at Calvada Airport in Pahrump, Nevada.
      1321 E Biplane Place, Pahrump, NV 89060
      View Details
    • $398,000
      3,000 SF

      Airplane Hangar with Runway Access

      Airplane hangar with direct runway access and off-grid capabilities.
      1180 E Airplane Place, Pahrump, NV 89060
      View Details
    • $215,000

      Commercial Parcel on Highway 160

      Prime commercial land with highway frontage and utilities available.
      2720 Papigo Avenue, Pahrump, NV 89048
      View Details
    • $85,000

      Commercial Land on Homestead Road

      Commercial zoned land with utilities available in Pahrump, Nevada.
      2420 Homestead Road, Pahrump, NV 89048
      View Details
    • $1,000,000

      Commercial Land in Pahrump, NV

      0.83 acre commercial lot with highway frontage and mountain views.
      3900 S Frontage Road, Pahrump, NV 89048
      View Details
    • $9,500

      Pahrump Development Land Near Airport

      0.46-acre lot near Calvada Meadows Airport with development potential.
      3370 N Calico Avenue, Pahrump, NV 89060
      View Details
    • $300,000

      Commercial Land in Central Pahrump

      Prime commercial land with high visibility and convenient access.
      2180 Commercial Drive, Pahrump, NV 89048
      View Details

    FAQs

    What type of property is this?
    Land - 2+ acre parcel in Pahrump, NV, ideal for long-term investment.
    Where is this land located?
    The property is located at 1031 W Alexandrite Road Pahrump, 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: Over 2 acres of land suitable for investment or future development.; Located in Pahrump, NV, a growing and affordable area of Southern Nevada.; Potential for residential construction, manufactured housing, or land banking.
    (702) 286-3434
    We can help!
    Listing Contact
    Michael Kruse
    Real Estate License ID: B.0146101
    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
    1031 W Alexandrite Road, Pahrump, NV 89020
    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!