Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pahrump Commercial Development Opportunity Title is generated by Realmo AI

    1140 West Charleston Park Avenue, Pahrump, NV 89048

    View on Map
    Claim this Listing
    For Sale
    $303,000

    2.55 acre commercial land parcel in growing Pahrump, Nevada.

    Type:V, V-COM, MU
    Lot size:
    2.55 Acres
    Added:
    Jun 19, 2025
    Days on Market:
    343
    Last Refresh:
    Apr 3 at 5:01 am

    Property Features for 1140 West Charleston Park Avenue

    General Information

    Standard status
    Active
    Lot size
    2.55 Acres
    Property subtype
    V, V-COM, MU

    We can help!

    Listing Contact
    Lindsey Butler

    Listing agent Lindsey Butler License #S.175279.LLC, NV

    Listing office Lindsey Butler Real Estate

    Listing date Jun 19, 2025

    Source Realnex

    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 Lindsey Butler Real Estate

    HighLights

    • Prime commercial development opportunity with excellent visibility and access.
    • Three contiguous parcels totaling 2.55± acres, zoned commercial.
    • Strategically positioned off State Route 372 with seamless access to Highway 160.
    • Located in a growing area of Pahrump, Nevada.
    • Nearby utilities for easier connection and lower site preparation costs.
    • Surrounded by established businesses and residential neighborhoods, ensuring high visibility and a reliable customer base.

    Overview

    This commercial real estate offering consists of three contiguous parcels totaling approximately 2.55 acres. Zoned for commercial use, the property is located in a growing area of Pahrump, Nevada. The site offers visibility and access, making it suitable for retail, service, or mixed-use development. Utilities are nearby, potentially reducing connection and site preparation expenses. The location provides access to Highway 160 and is positioned off State Route 372. The surrounding area includes established businesses and residential neighborhoods, which may provide a customer base. This site may be suitable for investors or owner-users seeking a commercial location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.03668
    Latitude
    36.205354

    Nearby Similar for Sale

    • $729,900
      4,400 SF

      New Pahrump Multifamily Investment Opportunity

      New construction, four units, each with three bedrooms and two bathrooms.
      1100 Sixshooter, Pahrump, NV 89048
      View Details
    • $799,900
      3,376 SF

      New Multifamily Property in Pahrump

      New four-unit multifamily property featuring modern amenities in Pahrump, Nevada.
      660 San Lorenzo Street, Pahrump, NV 89048
      View Details
    • $740,000
      4,388 SF

      New Pahrump Fourplex For Sale

      New fourplex in Pahrump, each unit with 3 bedrooms.
      1900 Grandlodge Street, Pahrump, NV 89048
      View Details
    • $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
    • $740,000
      4,388 SF

      New Pahrump Fourplex For Sale

      New fourplex in Pahrump, each unit with 3 beds/2 baths.
      1861 Five Feathers Street, Pahrump, NV 89048
      View Details
    • $739,900
      4,388 SF

      New Pahrump Fourplex For Sale

      New fourplex in Pahrump, each unit with three bedrooms.
      461 Comstock Street, Pahrump, NV 89048
      View Details
    • $650,000
      2,272 SF

      Pahrump Mixed-Use Income Property

      2-acre commercial property with multiple income-generating units and expansion potential.
      1130 N Leslie Street, Pahrump, NV 89060
      View Details
    • $700,000
      4,310 SF

      Pahrump Fourplex: Fully Rented Investment

      Fully rented fourplex in Pahrump, NV, with mountain views.
      1444 Star Road, Pahrump, NV 89048
      View Details
    • $49,000

      Pahrump Commercial Land Opportunity

      Prime commercial land in Pahrump, utilities available.
      1700 Pahrump Valley BLVD, Pahrump, NV 89048
      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
    • $759,999
      4,480 SF

      New Fourplex Investment Opportunity

      New construction fourplex in Pahrump, NV, completion by Nov 2025.
      1881 Big Horn Street, Pahrump, NV 89048
      View Details
    • $295,000
      20,000 SF

      Highway 160 Commercial Land Parcel

      Prime commercial land on Highway 160 in Pahrump, Nevada.
      3030 S Cortina Street, Pahrump, NV 89048
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.55 acre commercial land parcel in growing Pahrump, Nevada.
    Where is this commercial land located?
    The property is located at 1140 West Charleston Park Avenue Pahrump, NV.
    What is the asking price?
    The asking price for this property is $303,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity with excellent visibility and access.; Three contiguous parcels totaling 2.55± acres, zoned commercial.; Strategically positioned off State Route 372 with seamless access to Highway 160.
    (702) 823-3600
    We can help!
    Listing Contact
    Lindsey Butler
    Real Estate License ID: S.175279.LLC, NV
    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
    1140 West Charleston Park Avenue, Pahrump, NV 89048
    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!