Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    308 E Hill Street Searchlight, NV 89046

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $50,000

    LAND - Searchlight, NV

    Lot size:
    0.18 Acres
    Added:
    Mar 8, 2026
    Days on Market:
    60
    Last Refresh:
    May 7 at 11:06 pm

    Property Features for 308 E Hill Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    243-35-211-115
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    204

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Diane Kendall
    Diane Kendall

    Listing agent Diane Kendall License #S.0038668

    Listing office Compass Realty & Management 8880 W Sunset Rd #290, LAS VEGAS, NV

    Listing date Mar 8, 2026

    MLS# 2762491 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

    • Utilities on property
    • Fenced
    • Corner lot
    • Public Sewer
    • Located in Searchlight, NV
    • SE corner of Hill and Nevada Street

    Overview

    Residential Land in Searchlight, NV

    This residential property is located in Searchlight, Nevada, at the southeast corner of Hill Street and Nevada Street. The lot is fenced and has utilities on the property. The lot size is 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Searchlight
    County
    Clark
    State
    Nevada
    Longitude
    -114.915624
    Latitude
    35.465111

    Nearby Similar for Sale

    • $900,000

      Searchlight Commercial Land on Highway

      Commercial land with highway frontage near casino in Searchlight.
      230 N US Hwy 95 S, Searchlight, NV 89046
      View Details
    • $59,000

      Searchlight, NV - Ready to Build

      Parcel ready to build with utilities available in the street.
      Encinitas, Searchlight, NV 89046
      View Details
    • $94,500

      Searchlight Land with Expansive Views

      4.45 acres with views and utility access in Searchlight.
      Searchlight Land - Michael Wendell Way, Searchlight, NV 89046
      View Details
    • $4,705,000

      Searchlight Land with Development Potential

      120 acres in Searchlight, NV, prime for development.
      S Nugget Land & Gasline Road, Searchlight, NV 89046
      View Details
    • $104,500

      Land with Expansive City Views

      3.62 acres with views in Searchlight, Nevada.
      Searchlight - Michael Wendell Way, Searchlight, NV 89046
      View Details
    • $140,000

      Searchlight, NV Land Opportunity

      Land available west of the Community Center and Elementary School.
      Cottonwood Cove Road, Searchlight, NV 89046
      View Details
    • $1,775,000

      Searchlight Land with Development Potential

      45 acres of land in Searchlight, Nevada, for sale.
      Nugget Lane, Searchlight, NV 89046
      View Details
    • $375,000
      980 SF

      Corner Lot with Updated Building

      Move-in ready commercial building on a highly visible corner lot.
      675 Cottonwood Cove Rd, Searchlight, NV 89046
      View Details
    • $15,000

      Land in Searchlight, Nevada

      Land for sale in Searchlight, Nevada.
      450 S Main Street, Searchlight, NV 89046
      View Details
    • $120,000

      Large Parcel in Searchlight, Nevada

      23.16 acre parcel near downtown Searchlight with highway frontage.
      Hwy 164, Searchlight, NV 89046
      View Details
    • $144,999

      Searchlight, NV 5-Acre Lot

      5-acre lot perfect for desert retreat in Searchlight, NV.
      E Hobson, Searchlight, NV 89046
      View Details
    • $150,000

      55 Acres Mining Land Opportunity

      55 acres of mining land near historic Nelson, Nevada.
      3.86 Miles SW of Nelson, Searchlight, NV 89046
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential property with utilities on site in Searchlight, Nevada.
    Where is this residential land & home lot located?
    The property is located at 308 E Hill Street Searchlight, NV.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Utilities on property; Fenced; Corner lot
    (702) 279-9928
    We can help!
    Listing Contact
    Diane Kendall
    Diane Kendall
    Real Estate License ID: S.0038668
    Learn More
    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
    308 E Hill Street, Searchlight, NV 89046
    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!