Duplex Property with Covered
For Sale
$359,000
1359 Pinehurst Dr, Mesquite, NV 89027
Townhome, Duplex, Mesquite, NV
Property Size1,612 SF
Lot Size0.13 Acres
Price / SF$222.70
Days on Market48
Property Features for 1359 Pinehurst Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Interior features
Ceiling Fans, Flooring- Carpet, Flooring- Tile, Window Coverings, Vaulted Ceilings, Walk-in Closets
Appliances
Dishwasher, Garbage Disposal, Microwave, Water Heater- Electric, Oven/Range- Electric
Subdivision
Sunset Greens
Lot features
Fenced- Full, Gated Community, Landscape- Full, Sprinklers- Drip System, Trees, Patio- Covered, Swimming Pool- Assoc.
Elementary school
Bowler
Middle school
Charles A. Hughes
High school
Virgin Valley
Standard status
Active
APN
00224615002
Size
1,612 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2172
HOA Fee
$220 Monthly
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Central, Forced Air, Heat Pump (Heating)
Cooling system
Central Air, Heat Pump, Electric
Amenities
two swimming pools
Building Details
Year built
2002
Floors in Building
1
Roof type
Tile
Architectural style
Other
Listing Agency:
Mesquite Realty
Listed By:
Brandon Park · License #B.0143672.LLC
(702) 703-5500
Added: Aug 3
Changed: Sep 13
Last Checked: Sep 19 at 11:06AM
MLS# 1127981
Copyright © 2026 Mesquite Real Estate Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,612-square-foot duplex property, built in 2002, includes two primary suites with private bathrooms and walk-in closets. Vaulted ceilings, tile flooring in the main areas, and carpeted bedrooms define the interior. The kitchen is equipped with painted cabinetry, stainless steel appliances, and an electric range, while the refrigerator, washer, and dryer remain with the property. Central electric heating and cooling are also included.
The 0.13-acre parcel at 1359 Pinehurst Dr in Mesquite features a fully fenced backyard with turf, a covered patio, and a paver-finished side yard extending toward the rear. Sunset Greens HOA maintains the front and rear landscaping throughout the year. The property is within a gated golf course community with two swimming pools.
The 0.13-acre parcel at 1359 Pinehurst Dr in Mesquite features a fully fenced backyard with turf, a covered patio, and a paver-finished side yard extending toward the rear. Sunset Greens HOA maintains the front and rear landscaping throughout the year. The property is within a gated golf course community with two swimming pools.
Key Highlights
- 1,612‑square‑foot duplex property built in 2002
- Two primary suites with private bathrooms and walk‑in closets
- 0.13‑acre lot with fenced turf backyard and covered patio
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
$19,002
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
5.29%
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%
$380,040
$380.0K
Cap Rate 7%
$271,457
$271.5K
Cap Rate 9%
$211,133
$211.1K
Market Conditions
NOI Build-Up for 1,612 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
$36.4K $22.56/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$34.5K $21.43/SF
− OpEx
−$15.5K −$9.64/SF
NOI
$19.0K $11.79/SF
Area
Clark County, NV
Vacancy
5.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$380,040
Cap Rate 7%
$271,457
Cap Rate 9%
$211,133
Alternative Uses
Best Use
Apartment 5plus
$271.5K
$237.5K – $316.7K
NOI $19,002 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.3K
$366.0K – $488.1K
NOI $29,283 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 89027, NV
17,547
Population
9,972
Households
1.8
Avg Household Size
59
Median Age
22%
College-Educated
89%
High-School Grad
12.5 sq mi
ZIP Area
1,404
Density / Sq Mi
$71,176
Median Household Income
$35,938
Median Earnings
$1,106
Median Rent
$343,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Two primary suites, a fenced turf yard, and included appliances support comfortable residential use.
Where is this single family property located?
The property is located at 1359 Pinehurst Dr Mesquite, NV.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1,612‑square‑foot duplex property built in 2002; Two primary suites with private bathrooms and walk‑in closets; 0.13‑acre lot with fenced turf backyard and covered patio
