Mixed-Use Property with Highway
New
For Sale
$1,175,000
2220 Nevada West Blvd, Pahrump, NV 89048
The offering combines a multi-suite commercial building, a tenant-occupied home, and commercial land parcels.
Property Size3,069 SF
Price / SF$382.86
Days on Market5
Property Features for 2220 Nevada West Blvd
General Information
Standard status
Active
Size
3,069 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial, residential
Amenities
monument sign
covered and lighted front entrances
large windows
shared common partially fenced area
Building Details
Year Built
1990
Buildings
2
Tenancy
Multi
Listing Agency:
Easy Street Realty Las Vegas
(818) 284-3734
Listed By:
Xander Shaw
(702) 930-3299
Source:
Lasvegaspenthouses
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 6:43PM
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 Easy Street Realty Las Vegas
Investment Insights
Based on property information with market context.
The property includes a commercial building arranged as three separate spaces. Unit 1 measures 872 square feet and was remodeled in 2021; Units 2 and 3 measure 981 and 1,204 square feet, respectively, and have LVP flooring and fresh paint. Each space has a bathroom, enclosed rooms, and a rear exterior door opening to a shared, partially fenced area. Covered, lighted entrances and an on-site parking lot serve the building. A single-family home estimated at 1,200 square feet, with an extended porch and shed, is also included. It has a tenant who has occupied it for 10 years.
The offering includes 3.8 acres of general commercial land and six additional vacant parcels. Highway 160 frontage and a monument sign are present. Some vacant parcels have water and sewer stubbed to the property line. Units 1 and 3 are leased under terms with at least two years remaining; Unit 2 had a lease pending as of October 1.
The offering includes 3.8 acres of general commercial land and six additional vacant parcels. Highway 160 frontage and a monument sign are present. Some vacant parcels have water and sewer stubbed to the property line. Units 1 and 3 are leased under terms with at least two years remaining; Unit 2 had a lease pending as of October 1.
Key Highlights
- Three commercial spaces: 872, 981, and 1,204 square feet
- Unit 1 remodeled in 2021; Units 2 and 3 have LVP flooring and fresh paint
- 3.8 acres of general commercial land, plus six vacant parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,511
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,220
$810.2K
Cap Rate 7%
$578,729
$578.7K
Cap Rate 9%
$450,122
$450.1K
Market Conditions
NOI Build-Up for 3,069 SF
Gross rent
$73.7K $24.00/SF
− Vacancy
−$8.8K −$2.88/SF
EGI
$64.8K $21.12/SF
− OpEx
−$24.3K −$7.92/SF
NOI
$40.5K $13.20/SF
Area
Nye County, NV
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,220
Cap Rate 7%
$578,729
Cap Rate 9%
$450,122
Alternative Uses
Best Use
Mixed Use
$578.7K
$506.4K – $675.2K
NOI $40,511 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$450.2K
$394.0K – $525.3K
NOI $31,516 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$975.2K
$853.3K – $1.14M
NOI $68,265 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 69%
Hotels & Casinos 31%
Goodwill
Apparel
7,917 visits/mo
0.3 miles
Best Western Pahrump Oasis
Hotels & Casinos
5,764 visits/mo
0.5 miles
Big 5 Sporting Goods
Apparel
5,123 visits/mo
0.3 miles
Demographics for 89048, NV
25,166
Population
11,571
Households
2.2
Avg Household Size
54
Median Age
13%
College-Educated
87%
High-School Grad
86.0 sq mi
ZIP Area
293
Density / Sq Mi
$55,747
Median Household Income
$35,405
Median Earnings
$1,162
Median Rent
$292,400
Median Home Value
Check the figures for this property
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?
Mixed-use property - The offering combines a multi-suite commercial building, a tenant-occupied home, and commercial land parcels.
Where is this mixed-use property located?
The property is located at 2220 Nevada West Blvd Pahrump, NV.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Three commercial spaces: 872, 981, and 1,204 square feet; Unit 1 remodeled in 2021; Units 2 and 3 have LVP flooring and fresh paint; 3.8 acres of general commercial land, plus six vacant parcels
