Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    591 Margaret St Pahrump, NV 89048

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5 acres of commercially zoned land with renovated 2,400 SF building.

    Lot size:
    5.00 Acres

    Property Features for 591 Margaret St

    General Information

    Standard status
    Active
    Zoning
    General Commercial
    Lot size
    5.00 Acres

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Grisel Juarez
    Source: Crexi

    Listing Agency: United Realty Group Listing Agent: Grisel Juarez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Fenced Commercial Land with Renovated Building

    This property features 5 acres of fully fenced land zoned for general commercial use. A renovated 2,400 square foot concrete block building is situated on the premises, featuring new exterior paint and foam insulation. The building includes a 247 square foot office and a 208 square foot office/storage space, both upgraded with new HVAC systems. Additionally, there is a full bathroom and 1,520 square feet of warehouse/workshop space equipped with two roll-up doors. The property has a functional septic system and a private well with a shed. An above-ground water tank is present but not currently in use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.026643
    Latitude
    36.210937

    Nearby Similar for Sale

    • New
      $485,000
      13.58 Acres

      Pahrump Farm with Water Rights

      Farm property with water rights, improvements, and agricultural infrastructure.
      3171 Tillman St, Pahrump, NV 89061
      View Details
    • $398,000
      3,000 SF

      Airplane Hangar with Runway Access

      Airplane hangar with direct runway access and off-grid capabilities.
      1180 E Airplane Pl, Pahrump, NV 89060
      View Details
    • $398,000
      19.56 Acres

      Pahrump Land with Water Rights

      19.56 acre parcel with water rights and farmhouse.
      2351 Bond St, Pahrump, NV 89048
      View Details
    • $338,900
      960 SF

      Commercial Property in Pahrump, Nevada

      1.8 acre commercial property with building and RV hook-ups.
      621 W Mesquite Ave, Pahrump, NV 89060
      View Details
    • $2,000,000
      14.99 Acres

      Pahrump Land with Aviation Features

      15-acre commercial land with aviation infrastructure and taxiway access.
      941 E Simkins Rd, Pahrump, NV 89060
      View Details
    • New
      $600,000
      3,600 SF

      Aircraft Hangar in Pahrump, Nevada

      60x60 aircraft hangar with flexible interior configuration.
      1321 E Biplane Pl, Pahrump, NV 89060
      View Details
    • $175,000
      5.00 Acres

      Pahrump Land with Mountain Views

      Five-acre farm/home site with utilities and mountain views.
      350 Valerio St, Pahrump, NV 89048
      View Details
    • Contact for pricing
      0.46 Acres

      Pahrump Land Investment Opportunity

      Multi-family investment opportunity in desirable Calvada Valley, Pahrump.
      2460 S Old West Ave, Pahrump, NV 89048
      View Details
    • $973,399
      7,160 SF

      7,160 SF A Fully Occupied Commercial Property For Sale

      7,160 SF A Fully Occupied Commercial Property For Sale
      2281 East Postal Drive, Pahrump, NV 89048
      View Details
    • $1,900,000

      Pahrump Retail/Office/Medical Building For Sale

      10,000 SF building in prime Pahrump location.
      1541 East Basin Ave, Pahrump, NV 89060
      View Details
    • $769,999

      New Fourplex in Pahrump, NV

      New construction fourplex with modern amenities, completion by Nov 2025.
      1881 Big Horn St, Pahrump, NV 89048
      View Details
    • $899,999

      Pahrump Industrial/Transportation Opportunity

      Versatile 4.6 AC property suitable for industrial and transportation uses.
      2721 W Bell Vista Ave, Pahrump, NV 89060
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5 acres of commercially zoned land with renovated 2,400 SF building.
    Where is this commercial land located?
    The property is located at 591 Margaret St Pahrump, NV.
    What are key features of this property?
    This property features: - 1.5 Acres Zoned General Commercial; - Renovated 2,400 Sq Ft Concrete Block Building; - 1,520 Sq Ft Warehouse/Workshop Space with 2 Roll-Up Doors
    Request Owner's contact information
    591 Margaret St Pahrump, NV 89048
    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.
    591 Margaret St
    Pahrump, NV 89048
    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
    591 Margaret St Pahrump, NV 89048
    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

    We can help!
    Listing Contact
    Grisel Juarez
    Real Estate License ID: S0200442
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!