Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Center Near Racetrack Title is generated by Realmo AI

    3610 NV-160, Pahrump, NV 89048

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Highly visible retail center near Spring Mountain Motor Resort.

    Type:Retail, Office, Restaurant
    Added:
    Feb 15, 2021
    Days on Market:
    1927
    Last Refresh:
    May 12 at 10:43 pm

    Property Features for 3610 NV-160

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2007

    Spaces For Lease

    at 3610 NV-160 Contact us

    Available Building A400 $1.65/Mo

    Size
    Type
    Retail
    Great location with Highway Frontage and high traffic area to boost your business.nConvenient...
    show more
    Contact us

    We can help!

    Listing Contact
    Scott Smith
    Scott Smith

    Listing agent Scott Smith License #B.0145183

    Listing office Freedom House Property Management

    Listing date Feb 15, 2021

    Source Crexi

    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

    HighLights

    • Highly visible location near Spring Mountain Motor Resort and Country Club.
    • Proximity to Spring Mountain Motor Resort generates consistent vehicle and foot traffic.
    • Existing tenants include Red Apple Fire Works, Dotty’s Casino, Nail’s & Spa Etc., Pahrump Tamales, and Nevada Eye Physicians.
    • One of the first retail locations encountered when arriving in Pahrump from Las Vegas.
    • Spring Mountain Motor Resort is continuously growing and expanding, including a large retail center.
    • Built in 2007.

    Overview

    This commercial retail center benefits from high visibility and proximity to Spring Mountain Motor Resort and Country Club. The tenant mix includes Red Apple Fire Works (busy May-July), Dotty’s Casino, Nail’s & Spa Etc., Pahrump Tamales, and Nevada Eye Physicians. The racetrack hosts numerous out-of-town clients and events and is continuously growing and expanding to include a large retail center in the near future, with amenities such as a clubhouse, condominiums, and a 4.5-acre freshwater lake. This location benefits from vehicle and foot traffic. This retail center is one of the first locations encountered when arriving in Pahrump from Las Vegas.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Select Mini Mall — 1190 State 372, Pahrump, NV 89048
    • Pahrump Valley Junction — NV-160, Pahrump, NV 89048
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Smith's Food & Drug C, 601 NV-160, Pahrump, NV 89048
    • Coinstar Kiosk | Bitcoin ATM — Albertsons, 200 S Hwy 160, Pahrump, NV 89048
    • Wheeler Springs Plaza — 921 NV-160 #103, Pahrump, NV 89048

    Map

    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.023
    Latitude
    36.1486

    Nearby Similar for Lease

    • $1.50 SF/Yr
      4,800 SF

      Pahrump Office and Retail Building

      Office and retail building with fenced yard in Pahrump.
      2341 East Postal Drive, Pahrump, NV 89048
      View Details
    • $1.75 SF/Yr
      6,510 SF

      Retail Space Near Highway 160

      Retail space available adjacent to Highway 160 in Pahrump, Nevada.
      1210 E Basin Ave, Pahrump, NV 89060
      View Details
    • $1.50 SF/Yr
      4,800 SF

      Pahrump Office and Retail Building

      Office and retail building with fenced yard in Pahrump.
      2341 East Postal Drive, Pahrump, NV 89048
      View Details
    • $0.35 SF/Yr

      Pahrump Retail, Office, Medical Space

      Versatile space in growing market, ideal for various commercial uses.
      1541 East Basin Ave, Pahrump, NV 89060
      View Details
    • $1,100/Mo

      Spacious Three-Bedroom Apartment For Rent

      Three-bedroom, two-bathroom apartment with included utilities and appliances.
      1835 E Calvada Blvd 1, Pahrump, NV 89048
      View Details
    • Contact for pricing

      Pahrump Nevada Commercial Opportunity

      Commercial spaces available adjacent to Spring Mountain Motor Resort.
      4639 S Nevada Highway 160, Pahrump, NV 89048
      View Details
    • $21 SF/Yr

      Retail Space Near Highway 160

      Retail space available in Pahrump, Nevada, near major traffic generators.
      1210 E Basin Ave, Pahrump, NV 89060
      View Details
    • $10 SF/Yr
      4,440 SF

      Pahrump Warehouse with Office Space

      Warehouse with office space available for lease in Pahrump.
      800 S Margaret St, Bldg #2, Pahrump, NV 89048
      View Details

    FAQs

    What type of property is this?
    Shopping center - Highly visible retail center near Spring Mountain Motor Resort.
    Where is this shopping center located?
    The property is located at 3610 NV-160 Pahrump, NV.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Highly visible location near Spring Mountain Motor Resort and Country Club.; Proximity to Spring Mountain Motor Resort generates consistent vehicle and foot traffic.; Existing tenants include Red Apple Fire Works, Dotty’s Casino, Nail’s & Spa Etc., Pahrump Tamales, and Nevada Eye Physicians.
    (775) 727-4444 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Smith
    Scott Smith
    Real Estate License ID: B.0145183
    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
    3610 NV-160, Pahrump, NV 89048
    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!