Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Smith Valley Vacant Land Parcel Title is generated by Realmo AI

    456 Upper Colony Road, Wellington, NV 89444

    View on Map
    Claim this Listing
    For Sale
    $450,000

    LAND - Smith Valley, NV

    Lot size:
    39.68 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    228
    Last Refresh:
    May 9 at 10:06 am

    Property Features for 456 Upper Colony Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR5
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    01019313
    Lot size
    39.68 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2256

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Well, Private

    We can help!

    Listing Contact
    Allison Meetze

    Listing agent Allison Meetze License #S.201636

    Listing office Engel & Volkers Lake Tahoe P.O. Box 1370, Zephyr Cove, NV

    Listing date Sep 24, 2025

    MLS# 250056277 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 40‑acre parcel offering privacy and natural beauty.
    • Benefit from 20 acres of decreed water rights from the Walker River.
    • Level terrain ideal for building a custom home, barns, or agricultural facilities.
    • Well and septic system already on site.
    • Zoned for 5‑acre single‑family parcels, offering development potential.
    • Utilities available, including cable.

    Overview

    This nearly 40-acre vacant parcel is located in Smith Valley, Nevada. The property offers views of the surrounding ranch lands. The level terrain is suited for building and offers space for a custom home, barns, or agricultural use. The land has 20 acres of decreed water rights from the Walker River. It is zoned for 5-acre single-family parcels (RR5). A well and septic system are located on site, and utilities are available. The property is suitable for a private ranch, off-grid escape, or investment. The property is located in Lyon County, Nevada.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Suggested Use

    Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Lyon
    State
    Nevada
    Longitude
    -119.394165
    Latitude
    38.824883

    Nearby Similar for Sale

    • $225,000

      Smith Valley Land with Water

      5-acre parcel with water rights in Smith Valley, Nevada.
      613 Day Lane, Smith Valley, NV 89444
      View Details
    • $140,000

      5 Acres Bluff Land Opportunity

      Stunning 5-acre parcel with river and mountain views.
      247 Artist View Road, Wellington, NV 89444
      View Details
    • $250,000

      Wellington Farmland For Sale

      19.66 acre farm property in Wellington, Nevada.
      110 Oreana Peak Road, Wellington, NV 89444
      View Details
    • $250,000

      Smith Valley Land For Sale

      20.04 acre farm land in Smith Valley, Nevada.
      100 Oreana Peak Road, Smith Valley, NV 89444
      View Details
    • $250,000

      Wellington Farmland Opportunity

      19.7 acre farm property in Wellington, Nevada for sale.
      120 Oreana Peak Road, Wellington, NV 89444
      View Details
    • $250,000

      Smith Valley Land For Sale

      19.05 acres of farmland in Smith Valley, Nevada.
      111 Oreana Peak Road, Smith Valley, NV 89444
      View Details
    • $250,000

      3-Acre River-View Land Parcel

      Build your dream home with panoramic river and mountain views.
      191 Artist View Road, Wellington, NV 89444
      View Details
    • $250,000

      Smith Valley Land For Sale

      20.77 acre lot in Smith Valley, Nevada.
      101 Oreana Peak Road, Smith Valley, NV 89444
      View Details
    • $140,000
      217,800 SF

      Wellington Land with Bluff Views

      Five acre parcel with unobstructed river and mountain views.
      247 Artist View Road, Unit 6, Wellington, NV 89444
      View Details
    • $99,500

      Wellington, NV Land with Views

      4-acre lot with mountain views in Wellington, Nevada.
      1471 Breccia Road, Wellington, NV 89444
      View Details
    • $79,500

      Wellington, NV Land For Sale

      Two acre residential land available in Wellington, Nevada.
      321 Angelina Circle, Wellington, NV 89444
      View Details
    • $74,900

      Wellington, NV Land For Sale

      Two-acre lot with underground power, paved roads, great views.
      341 Angelina Circle, Wellington, NV 89444
      View Details

    FAQs

    What type of property is this?
    Agricultural property - Nearly 40-acre parcel with water rights in Smith Valley, NV.
    Where is this agricultural property located?
    The property is located at 456 Upper Colony Road Wellington, NV.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Expansive 40‑acre parcel offering privacy and natural beauty.; Benefit from 20 acres of decreed water rights from the Walker River.; Level terrain ideal for building a custom home, barns, or agricultural facilities.
    (530) 318-0318
    We can help!
    Listing Contact
    Allison Meetze
    Real Estate License ID: S.201636
    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
    456 Upper Colony Road, Smith Valley, NV 89444
    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!