Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1451 S Nevada Hwy, Unit 160 Pahrump, NV

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for hotel, multi-family, and commercial development.

    Lot size:
    6.50 Acres

    Property Features for 1451 S Nevada Hwy

    General Information

    Lot size
    6.50 Acres

    We can help!

    Listing Contact
    Kyle Wilcox
    Kyle Wilcox
    Source: Moodyscre

    Listing Agent: Kyle Wilcox

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land Suitable for Development

    This land is suitable for hotel, multi-family, and commercial development. It is located less than 1 mile from Highway 160 and Highway 372. The area experienced a doubling in the number of residential permits issued and new builders between 2020 and 2021. From 2021 to 2022, the area broke records for new commercial development. The Nevada Department of Transportation reported a 16.7% year-over-year increase in traffic into and out of Las Vegas via Highway 160 after the Highway 160 widening project. Spring Mountain Motor Resort and Country Club has completed its 933-acre land annexation.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.0177448
    Latitude
    36.1740487

    Nearby Similar for Sale

    • $398,000
      19.56 Acres

      Pahrump Land with Water Rights

      19.56 acre parcel with water rights and farmhouse.
      2351 Bond St, Pahrump, NV 89048
      View Details
    • New
      $485,000
      13.58 Acres

      Pahrump Farm Property with Water Rights

      13.58-acre farm property with water rights and agricultural infrastructure.
      3171 Tillman St, Pahrump, NV 89061
      View Details
    • Contact for pricing
      0.46 Acres

      Pahrump Land Investment Opportunity

      Multi-family investment opportunity in desirable Calvada Valley, Pahrump.
      2460 S Old West Ave, Pahrump, NV 89048
      View Details
    • $2,000,000
      14.99 Acres

      Pahrump Land with Aviation Features

      15-acre commercial land with aviation infrastructure and taxiway access.
      941 E Simkins Rd, Pahrump, NV 89060
      View Details
    • $249,999
      9.11 Acres

      Pahrump Land with Horse Privileges

      9+ acre horse and livestock property with owner financing.
      9800 S Oakridge Ave, Pahrump, NV 89048
      View Details
    • Contact for pricing
      0.23 Acres

      Pahrump Land with Mountain Views

      Residential multi-family property near golf course, shopping, and highways.
      2260 Needles Way, Pahrump, NV 89048
      View Details
    • $899,999
      2,000 SF

      Pahrump Industrial Investment Opportunity

      Versatile industrial property in Pahrump, Nevada with existing infrastructure.
      2721 W Bell Vista Ave, Pahrump, NV 89060
      View Details
    • $902,400
      4,800 SF

      Pahrump Commercial Property with Yard

      Versatile commercial property with a large, secure gated yard.
      2341 East Postal Dr, Pahrump, NV 89048
      View Details
    • $1,900,000
      10,000 SF

      Pahrump Retail/Office/Medical Building For Sale

      10,000 SF building in prime Pahrump location.
      1541 East Basin Ave, Pahrump, NV 89060
      View Details
    • $284,900

      Spacious Home on Large Lot

      Four-bedroom home with garage on over one acre.
      4850 Pontiac Cir, Pahrump, NV 89048
      View Details
    • $240,000
      1,512 SF

      Spacious Manufactured Home on Acreage

      Two-acre property with manufactured home near town center.
      1580 N Blagg Rd, Pahrump, NV 89060
      View Details
    • $541,500

      Multifamily Home with Equestrian Amenities

      Multifamily property with horse facilities in Pahrump, Nevada.
      4831 W Bell Vista Ave, Pahrump, NV 89060
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for hotel, multi-family, and commercial development.
    Where is this land located?
    The property is located at 1451 S Nevada Hwy, Unit 160 Pahrump, NV.
    What are key features of this property?
    This property features: - Great potential for Hotel, Multi-Family, and Commercial development.; - Less than 1 mile from Highways 160 & 372.; - Significant increase in residential permits and new builders (2020-2021).
    (702) 221-2500
    Request Owner's contact information
    1451 S Nevada Hwy, Unit 160 Pahrump, NV
    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.
    1451 S Nevada Hwy, Unit 160
    Pahrump, NV
    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
    1451 S Nevada Hwy, Unit 160 Pahrump, NV
    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

    We can help!
    Listing Contact
    Kyle Wilcox
    Kyle Wilcox
    (702) 221-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.