Residential Land with Storage
5590 E 3rd St Silver Springs, NV 89429
For Sale
$135,000
LAND - Silver Springs, NV
Property Size720 SF
Lot Size4.96 Acres
Price / SF$187.50
Days on Market422
Property Features for 5590 E 3rd St
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- RR3T
- Standard status
- Active
- APN
- 017-222-04
- Lot size
- 4.96 Acres
Taxes and HOA fees
- Tax Annual Amount
- 114
Utilities
- Sewer type
- Septic Needed
- Water source
- Well
Building Details
- Additional Structures
- Outbuilding
Listing Agency:
Silver Sage Realty Pros Inc.
(775) 335-9962
Listed By:
Tammy Dittman · License #B.143533
(775) 335-9962
Added: May 29, 2025
Changed: Jul 22
Last Checked: Jul 24 at 2:06AM
MLS# 250050617
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.
Investment Insights
Based on property information with market context.
This for-sale parcel offers approximately 4.96 acres of residential land zoned RR3T. The property includes a 160 ft well and a 720 square foot shed already in place, which can support storage and related on-site needs. Posts are installed at what could be the back two corners, which may help indicate a portion of the lot layout.
Located near Lake Lahontan, the site is positioned for buyers looking for access to nearby recreation while maintaining an open-lot setting. The property address is 5590 E 3rd St, Silver Springs, NV 89429 in Lyon County.
As presented, the asset is a single parcel with key onsite improvements already completed through the well and shed, providing practical starting points for a future home site and day-to-day use of the land.
Located near Lake Lahontan, the site is positioned for buyers looking for access to nearby recreation while maintaining an open-lot setting. The property address is 5590 E 3rd St, Silver Springs, NV 89429 in Lyon County.
As presented, the asset is a single parcel with key onsite improvements already completed through the well and shed, providing practical starting points for a future home site and day-to-day use of the land.
Key Highlights
- 4.96‑acre lot near Lake Lahontan
- 160 ft well on the property for water supply
- Septic needed for sewer service
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $6.8k | $9.48 |
| − Vacancy | −$464 | −$0.64 |
| EGI | $6.4k | $8.84 |
| − OpEx | −$954 | −$1.33 |
| NOI | $5.4k | $7.51 |
720 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$77.2K
$67.6K – $90.1K
NOI $5,407 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.9K
$194.2K – $258.9K
NOI $15,533 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
FAQs
What type of property is this?
Residential land & home lot - Approximately 4.96 acres zoned RR3T with a 160 ft well and a 720 sq. ft. shed on site.
Where is this residential land & home lot located?
The property is located at 5590 E 3rd St Silver Springs, NV.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 4.96‑acre lot near Lake Lahontan; 160 ft well on the property for water supply; Septic needed for sewer service
