12-Bay Neighborhood Retail
1231 E Basin Ave, Pahrump, NV 89060
For Sale
Contact for pricing
The fully occupied center combines service and medical businesses with food, beauty, and wellness tenants.
Property Size12,000 SF
Lot Size1.35 Acres
Price / SF$200
Days on Market15
Property Features for 1231 E Basin Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Amenities
monument signage
Building Details
Stories
Tenancy
Listing Agency:
Freedom House Property Management
Listed By:
Scott Smith · License NV B.0145183
(775) 764-8951
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 12 at 7:02AM
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 Freedom House Property Management
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Investment Insights
Based on property information with market context.
Victory Plaza is a 12,000-square-foot, single-story retail center with twelve bays occupied by eight tenants. Its service and medical-oriented mix includes a dental practice and insurance agency, alongside a French bakery, beauty salon, and wellness studios. Capital improvements include a TPO roof replacement in 2025 and four Goodman HVAC systems installed in 2026.
The 1.35-acre property is located near the Nye County courthouse in Pahrump. It has 63 parking spaces and monument signage on Basin Avenue. The combination of multiple occupied bays, recent building-system work, and a varied tenant mix defines the center’s current configuration.
The 1.35-acre property is located near the Nye County courthouse in Pahrump. It has 63 parking spaces and monument signage on Basin Avenue. The combination of multiple occupied bays, recent building-system work, and a varied tenant mix defines the center’s current configuration.
Key Highlights
- 12,000 SF single‑story center with 12 bays and 8 tenants
- Tenant mix includes dental, insurance, bakery, beauty, and wellness businesses
- TPO roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,228
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,560
$2.5M
Cap Rate 7%
$1,760,400
$1.8M
Cap Rate 9%
$1,369,200
$1.4M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$180.0K $15.00/SF
− Vacancy
−$4.0K −$0.33/SF
EGI
$176.0K $14.67/SF
− OpEx
−$52.8K −$4.40/SF
NOI
$123.2K $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 Rate 5%
$2,464,560
Cap Rate 7%
$1,760,400
Cap Rate 9%
$1,369,200
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,228 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.34M – $4.45M
NOI $266,922 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
236k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Superstores 26%
Home Improvements & Furnishings 11%
Groceries 11%
Walmart
Superstores
61,668 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
27,072 visits/mo
0.2 miles
Albertsons
Groceries
26,667 visits/mo
0.4 miles
SONIC Drive In
Dining
23,419 visits/mo
0.4 miles
Starbucks
Dining
17,766 visits/mo
0.5 miles
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - The fully occupied center combines service and medical businesses with food, beauty, and wellness tenants.
Where is this shopping center located?
The property is located at 1231 E Basin Ave Pahrump, NV.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12,000 SF single‑story center with 12 bays and 8 tenants; Tenant mix includes dental, insurance, bakery, beauty, and wellness businesses; TPO roof installed in 2025
