Fenced Commercial Land with Renovated
591 S Margaret St Pahrump, NV 89048
591 S Margaret St, Pahrump, NV, 89048
$595,000
For Sale
$595,000
5 acres of commercially zoned land with renovated concrete building.
Property Size2,400 SF
Lot Size5.00 Acres
Price / SF$247.92
Days on Market94
Property Features for 591 S Margaret St
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 5.00 Acres
- Property subtype
- Land
Listing Agency
(702) 439-6453
Listed by
Grisel Juarez Diaz
(702) 439-6453
Source
Elliman
Added: Apr 15 Checked: Jul 17 at 6:32 am
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 Grisel Juarez Diaz
Investment Insights
Based on property information with market context.
This property features 5 acres of fully fenced land zoned for general commercial use. A renovated 2,400 square foot concrete block building is located 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 bath and 1,520 square feet of warehouse/workshop space equipped with 2 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. The site can accommodate up to 10 metal buildings of 4,800 square feet each. Monthly lease or purchase options are available.
Key Highlights
- 5 Acres Zoned General Commercial
- 2,400 Sq Ft Renovated Concrete Block Building
- Warehouse/Workshop Space (1,520 Sq Ft) with 2 Roll‑Up Doors
Local 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 | $30.5k | $12.72 |
| − Vacancy | −$3.1k | −$1.28 |
| EGI | $27.4k | $11.44 |
| − OpEx | −$4.1k | −$1.72 |
| NOI | $23.3k | $9.72 |
2,400 SF · lease $12.72/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$333.3K
$291.6K – $388.8K
NOI $23,328 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$274.4K
$240.1K – $320.2K
NOI $19,211 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$762.6K
$667.3K – $889.7K
NOI $53,384 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 5 acres of commercially zoned land with renovated concrete building.
Where is this commercial land located?
The property is located at 591 S Margaret St Pahrump, NV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 5 Acres Zoned General Commercial; 2,400 Sq Ft Renovated Concrete Block Building; Warehouse/Workshop Space (1,520 Sq Ft) with 2 Roll‑Up Doors
