Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pahrump Land Investment Opportunity Title is generated by Realmo AI

    1881 W Elgin Lane, Pahrump, NV 89060

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Pahrump, NV

    Lot size:
    0.23 Acres
    Added:
    May 6, 2026
    Days on Market:
    21
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for 1881 W Elgin Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    31-331-20
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    82

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Connie L. Liesman

    Listing agent Connie L. Liesman License #S.0198510

    Listing office eXp Realty 10845 Griffith Peak Dr. #2, Las Vegas, NV

    Listing date May 6, 2026

    MLS# 2779585 Listing URL

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime investment opportunity in a rapidly developing area.
    • Zoned VR10 for single‑family residential with full public utilities available.
    • Guest homes up to 1,500 sq ft permitted.
    • Breathtaking mountain views.
    • Located in a highly desirable location.
    • Priced to sell in a planned growth area.

    Overview

    This property, located in North Pahrump, presents a prime investment opportunity. The lot is just under a quarter acre in size and is situated in a rapidly developing area surrounded by a major home community. Zoned VR10, the land is intended for single-family residential use, with full public utilities available. Guest homes up to 1,500 square feet are permitted. The location offers mountain views. The property is located in a planned growth area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.047463
    Latitude
    36.301956

    Nearby Similar for Sale

    • $729,900
      4,400 SF

      New Pahrump Multifamily Investment Opportunity

      New construction, four units, each with three bedrooms and two bathrooms.
      1100 Sixshooter, Pahrump, NV 89048
      View Details
    • $799,900
      3,376 SF

      New Multifamily Property in Pahrump

      New four-unit multifamily property featuring modern amenities in Pahrump, Nevada.
      660 San Lorenzo Street, Pahrump, NV 89048
      View Details
    • $740,000
      4,388 SF

      New Pahrump Fourplex For Sale

      New fourplex in Pahrump, each unit with 3 bedrooms.
      1900 Grandlodge Street, Pahrump, NV 89048
      View Details
    • $120,000
      800 SF

      Pahrump Land with Fenced Lot

      1.21-acre corner lot with garage, near Las Vegas.
      5080 S Sunland Avenue, Pahrump, NV 89061
      View Details
    • $740,000
      4,388 SF

      New Pahrump Fourplex For Sale

      New fourplex in Pahrump, each unit with 3 beds/2 baths.
      1861 Five Feathers Street, Pahrump, NV 89048
      View Details
    • $739,900
      4,388 SF

      New Pahrump Fourplex For Sale

      New fourplex in Pahrump, each unit with three bedrooms.
      461 Comstock Street, Pahrump, NV 89048
      View Details
    • $650,000
      2,272 SF

      Pahrump Mixed-Use Income Property

      2-acre commercial property with multiple income-generating units and expansion potential.
      1130 N Leslie Street, Pahrump, NV 89060
      View Details
    • $700,000
      4,310 SF

      Pahrump Fourplex: Fully Rented Investment

      Fully rented fourplex in Pahrump, NV, with mountain views.
      1444 Star Road, Pahrump, NV 89048
      View Details
    • $49,000

      Pahrump Commercial Land Opportunity

      Prime commercial land in Pahrump, utilities available.
      1700 Pahrump Valley BLVD, Pahrump, NV 89048
      View Details
    • $650,000
      2,500 SF

      Commercial Land with Shop Buildings

      4.8 acres with two commercial shop buildings in Pahrump.
      867 S Linda Street, Pahrump, NV 89048
      View Details
    • $759,999
      4,480 SF

      New Fourplex Investment Opportunity

      New construction fourplex in Pahrump, NV, completion by Nov 2025.
      1881 Big Horn Street, Pahrump, NV 89048
      View Details
    • $295,000
      20,000 SF

      Highway 160 Commercial Land Parcel

      Prime commercial land on Highway 160 in Pahrump, Nevada.
      3030 S Cortina Street, Pahrump, NV 89048
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in growing area with utilities and mountain views.
    Where is this residential land & home lot located?
    The property is located at 1881 W Elgin Lane Pahrump, NV.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime investment opportunity in a rapidly developing area.; Zoned VR10 for single‑family residential with full public utilities available.; Guest homes up to 1,500 sq ft permitted.
    (770) 757-0231
    We can help!
    Listing Contact
    Connie L. Liesman
    Real Estate License ID: S.0198510
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1881 W Elgin Lane, Pahrump, NV 89060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!