Pahrump Commercial Investment
For Sale
Contact for pricing
Pending
1210 E Basin Ave, Pahrump, NV 89060
Commercial property in growing Pahrump, near Las Vegas.
Property Size6,510 SF
Days on Market714
Property Features for 1210 E Basin Ave
General Information
Standard status
Pending
Size
6,510 SF
Class
B
Property subtype
Office, Retail
Zoning
General Commercial (GC)
Occupancy
27%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1997
Buildings
1
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
SVN | The Equity Group
(518) 859-9337
Listed By:
Nolan Julseth-White, CCIM · License #NV BS.0146060
Source:
Crexi
Added: Sep 14, 2024
Changed: Aug 16
Last Checked: Aug 25 at 6:46PM
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 SVN | The Equity Group
Investment Insights
Based on property information with market context.
This commercial property, located at 1210 E Basin Avenue in Pahrump, NV, presents an investment opportunity. The property is strategically positioned adjacent to Highway 160, which serves as the main thoroughfare connecting Las Vegas to Pahrump. Pahrump combines small-town charm with increasing commercial activity and is known for wineries, casinos, RV resorts, golf courses, and outdoor recreation. The surrounding area features high-traffic retail and entertainment venues, including Walmart Supercenter, Albertson’s, Smith’s Food & Drug, The Home Depot, and Pahrump Nugget and Gold Town Casinos. Situated 60 miles west of Las Vegas, Pahrump is experiencing population and economic growth. The property has a size of 6510 square feet.
Key Highlights
- Strategic location adjacent to Highway 160, the main thoroughfare.
- Surrounded by high‑traffic retail and entertainment anchors including Walmart and Home Depot.
- Located in Pahrump, a growing town.
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
$66,851
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
6.75%
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%
$1,337,020
$1.3M
Cap Rate 7%
$955,014
$955.0K
Cap Rate 9%
$742,789
$742.8K
Market Conditions
NOI Build-Up for 6,510 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
$97.7K $15.00/SF
− Vacancy
−$2.1K −$0.33/SF
EGI
$95.5K $14.67/SF
− OpEx
−$28.7K −$4.40/SF
NOI
$66.9K $10.27/SF
Area
Nye County, NV
Vacancy
2.20%
Lease Rate
$15.00 /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%
$1,337,020
Cap Rate 7%
$955,014
Cap Rate 9%
$742,789
Alternative Uses
Best Use
Office B
$1.55M
$1.35M – $1.80M
NOI $108,274 @ 7.0% cap · market cap 10.94%
Second Best
Retail
$955.0K
$835.6K – $1.11M
NOI $66,851 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,805 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
569
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial property in growing Pahrump, near Las Vegas.
Where is this retail space located?
The property is located at 1210 E Basin Ave Pahrump, NV.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Strategic location adjacent to Highway 160, the main thoroughfare.; Surrounded by high‑traffic retail and entertainment anchors including Walmart and Home Depot.; Located in Pahrump, a growing town.
