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

    512 Glenmyra Circle, Sun Valley, NV 89433

    View on Map
    Claim this Listing
    Pending
    $150,000

    LAND - Sun Valley, NV

    Lot size:
    0.36 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    23
    Last Refresh:
    May 9 at 1:06 am

    Property Features for 512 Glenmyra Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MDs
    Standard status
    Pending
    APN
    085-142-18
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Annual Amount
    499

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Michael Wood

    Listing agent Michael Wood License #S.65411

    Listing office RE/MAX Professionals-Reno 7900 Rancharrah Parkway Ste 210, Reno, NV

    Listing date Apr 17, 2026

    MLS# 260004696 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

    • Blank‑slate opportunity for redevelopment.
    • Ideal for custom home or investment project.
    • Located in an established neighborhood.
    • Level lot suitable for new construction.
    • Public water and sewer available.
    • Cable available.

    Overview

    Located in an established neighborhood, this property offers a chance to reimagine the site and build something new. It presents a blank-slate opportunity for redevelopment, whether for a custom home or investment project. The lot invites a fresh start for buyers ready to design and construct to their own vision. Its setting within an existing community adds to the appeal, combining the potential for new construction with a location that's already rooted and accessible. The property is 0.36 acres. Buyers are encouraged to explore the possibilities and perform their own due diligence regarding zoning, utilities, and development requirements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sun Valley
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7655603
    Latitude
    39.5917205

    Nearby Similar for Sale

    • $895,000
      2,891 SF

      Freestanding Retail/Office Building For Sale

      Freestanding retail/office building in main retail sector of Sun Valley.
      Sun Valley, NV 89433
      View Details
    • $175,000

      Sun Valley Land For Sale

      Usable land in Sun Valley, close to Reno Airport.
      259 W Gepford Parkway, Sun Valley, NV 89433
      View Details
    • $1,775,000
      6,600 SF

      Retail Investment Opportunity in Sun Valley

      Retail investment property with vacant units and leased drive-thru dispensary.
      5105 Sun Valley Boulevard, Sun Valley, NV 89433
      View Details
    • $189,900

      Sun Valley Land Opportunity

      Land with redevelopment potential in Sun Valley, Nevada.
      735 E 4th Avenue, Sun Valley, NV 89433
      View Details
    • $145,000

      Sun Valley Land For Sale

      Land available in Sun Valley, Nevada.
      5468 SE Lupin Drive, Sun Valley, NV 89433
      View Details
    • $1,600,000

      Sun Valley Land Opportunity

      Land available in Sun Valley, Nevada.
      5530 Sun Valley Blvd, Sun Valley, NV
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land in established neighborhood, build your dream home or investment.
    Where is this residential land & home lot located?
    The property is located at 512 Glenmyra Circle Sun Valley, NV.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Blank‑slate opportunity for redevelopment.; Ideal for custom home or investment project.; Located in an established neighborhood.
    (775) 250-2007
    We can help!
    Listing Contact
    Michael Wood
    Real Estate License ID: S.65411
    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
    512 Glenmyra Circle, Sun Valley, NV 89433
    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!