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

    4500 N Blagg Rd Pahrump, NV 89060

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    Large land parcel with significant water rights near Calvada Meadows.

    Property size:
    400 SF
    Lot size:
    400.00 Acres

    Property Features for 4500 N Blagg Rd

    General Information

    Size
    400 SF
    Lot size
    400.00 Acres

    We can help!

    Listing Contact
    Michael Greene, CCIM
    Source: Corfac

    Listing Agent: Michael Greene, CCIM

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

    Learn more

    Overview

    400-Acre Parcel with Water Rights

    This offering presents a \u00b1400-acre parcel of land situated near the intersection of N. Blagg Road and W. Simkins Road, approximately 1.7 miles from Calvada Meadows Airport. Adjacent to the property is Desert Trails Unit 1, a community of 80 homes, with land available for further development. A post office and convenience store are located on the adjacent parcel. The property is serviced by Desert Utilities, with water and wastewater lines running through the parcel from their water and wastewater plants. A utility map detailing these lines is available upon request. This unique land opportunity includes \u00b11,000 acre-feet of water. The property is priced based on land value and water rights, and is zoned Specific Plan (SP). Pahrump, an unincorporated town in Nye County, Nevada, lies adjacent to the Nevada-California border, one hour west of Las Vegas and one hour east of Death Valley National Park.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Garden Center Pet Store Nursing Home Laundry Service Italian Restaurant Assisted Living Facility Pet Supply Store Laundromat

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

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.014969
    Latitude
    36.293707

    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 - Large land parcel with significant water rights near Calvada Meadows.
    Where is this land located?
    The property is located at 4500 N Blagg Rd Pahrump, NV.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - ±400-acre parcel with ±1,000 acre-feet of water.; - Water and waste water lines run through the parcel, serviced by Desert Utilities.; - Shovel-ready land adjacent to Desert Trails Unit 1 (80 homes) for future development.
    (917) 414-9558
    Request Owner's contact information
    4500 N Blagg Rd Pahrump, NV 89060
    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.
    4500 N Blagg Rd
    Pahrump, NV 89060
    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
    4500 N Blagg Rd Pahrump, NV 89060
    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
    Michael Greene, CCIM
    Real Estate License ID: NV #S.0186326
    (917) 414-9558
    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.