Duplex Property with
For Sale
$650,000
1130 N Leslie St, Pahrump, NV 89060
Neighborhood Commercial zoning accompanies residential units, manufactured homes, metal buildings, and RV connections on a well-and-septic property.
Property Size2,272 SF
Lot Size2.00 Acres
Price / SF$286.09
Days on Market41
Property Features for 1130 N Leslie St
General Information
Standard status
Active
Size
2,272 SF
Lot size
2.00 Acres
Property subtype
Multi-Family
Zoning
Neighborhood Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
6
Amenities
RV hookups
Building Details
Year Built
1996
Buildings
7
Construction
metal building
Tenancy
Multi
Listing Agency:
Realty ONE Group, Inc
(888) 461-0101
Listed By:
Jill Amsel (702) 683-6563 · License #BS.0063646
Source:
Adobe-dns-2.housesinlasvegasforsale
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group, Inc
Investment Insights
Based on property information with market context.
This 2-acre Duplex property includes a duplex, a one-bedroom, one-bath apartment, and three manufactured homes. Additional improvements include a 3,600-square-foot multi-bay metal building, a separate 2,000-square-foot metal building, and six RV hookups. The site is served by a well and septic system, and the residential units have been rented for residential or private use. The metal buildings have not been used for businesses.
The property is zoned Neighborhood Commercial and sits on a main cross street with a commuter route to the center of town. The existing mix of residential accommodations, utility-served land, storage or work buildings, and RV connections provides a varied physical configuration for continued residential and private use.
The property is zoned Neighborhood Commercial and sits on a main cross street with a commuter route to the center of town. The existing mix of residential accommodations, utility-served land, storage or work buildings, and RV connections provides a varied physical configuration for continued residential and private use.
Key Highlights
- 2‑acre property zoned Neighborhood Commercial
- Includes a duplex, 1 bd/bth apartment, and 3 manufactured homes
- 3,600 SqFt multi‑bay metal building plus a second 2,000 SqFt metal building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,084
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,680
$441.7K
Cap Rate 7%
$315,486
$315.5K
Cap Rate 9%
$245,378
$245.4K
Market Conditions
NOI Build-Up for 2,272 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.9K $12.72/SF
− Vacancy
−$2.9K −$1.28/SF
EGI
$26.0K $11.44/SF
− OpEx
−$3.9K −$1.72/SF
NOI
$22.1K $9.72/SF
Area
Nye County, NV
Vacancy
10.10%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,680
Cap Rate 7%
$315,486
Cap Rate 9%
$245,378
Alternative Uses
Best Use
Warehouse
$315.5K
$276.1K – $368.1K
NOI $22,084 @ 7.0% cap · market cap 3.40%
Second Best
Multifamily LT 5
$288.5K
$252.4K – $336.5K
NOI $20,192 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$722.0K
$631.7K – $842.3K
NOI $50,537 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 89060, NV
11,857
Population
5,722
Households
2.1
Avg Household Size
53
Median Age
11%
College-Educated
84%
High-School Grad
449.4 sq mi
ZIP Area
26
Density / Sq Mi
$49,008
Median Household Income
$38,807
Median Earnings
$919
Median Rent
$232,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Neighborhood Commercial zoning accompanies residential units, manufactured homes, metal buildings, and RV connections on a well-and-septic property.
Where is this duplex located?
The property is located at 1130 N Leslie St Pahrump, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2‑acre property zoned Neighborhood Commercial; Includes a duplex, 1 bd/bth apartment, and 3 manufactured homes; 3,600 SqFt multi‑bay metal building plus a second 2,000 SqFt metal building
