Multifamily Property With Ancillary
New
For Sale
$595,000
1130 N Leslie St, Pahrump, NV 89060
Residential units, manufactured homes, metal buildings, and RV hookups are served by private well and septic systems.
Property Size2,272 SF
Lot Size2.00 Acres
Price / SF$261.88
Days on Market2
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
Additional Details
Road Access
Yes
Unit Mix
1 x 1BR/1BA, 3 x Manufactured homes
Amenities
RV hookups
Building Details
Year Built
1996
Listing Agency:
Realty One Group, Inc
(702) 683-6563
Listed By:
Jill Amsel · License #BS.0063646
(888) 461-0101
Source:
Totalvegasrealestate
Added: Sep 13
Last Checked: Sep 13 at 6:52AM
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 multifamily 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 residential units have been used for occupancy, while the metal buildings have not been used for business operations. Water and wastewater service are provided by a private well and septic system.
The property is located at 1130 N Leslie St in Pahrump, with access to a main cross street and a commuter route toward the town center. The improvements date to 1996, and the site includes multiple existing structures with additional expansion possibilities noted in the property information.
The property is located at 1130 N Leslie St in Pahrump, with access to a main cross street and a commuter route toward the town center. The improvements date to 1996, and the site includes multiple existing structures with additional expansion possibilities noted in the property information.
Key Highlights
- Duplex, one‑bedroom apartment, and 3 manufactured homes
- 3,600‑square‑foot multi‑bay metal building
- Separate 2,000‑square‑foot 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
$20,192
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
3.39%
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%
$403,840
$403.8K
Cap Rate 7%
$288,457
$288.5K
Cap Rate 9%
$224,356
$224.4K
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
$30.8K $13.56/SF
− Vacancy
−$2.0K −$0.86/SF
EGI
$28.8K $12.70/SF
− OpEx
−$8.7K −$3.81/SF
NOI
$20.2K $8.89/SF
Area
Nye County, NV
Vacancy
6.37%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
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%
$403,840
Cap Rate 7%
$288,457
Cap Rate 9%
$224,356
Alternative Uses
Best Use
Multifamily LT 5
$288.5K
$252.4K – $336.5K
NOI $20,192 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,605 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$722.0K
$631.7K – $842.3K
NOI $50,537 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential units, manufactured homes, metal buildings, and RV hookups are served by private well and septic systems.
Where is this multifamily property located?
The property is located at 1130 N Leslie St Pahrump, NV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex, one‑bedroom apartment, and 3 manufactured homes; 3,600‑square‑foot multi‑bay metal building; Separate 2,000‑square‑foot metal building
