Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Developed Lot in Resort Community Title is generated by Realmo AI

    850 Sparrow Way lot 22, Boulder City, NV 89005

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $179,999

    LAND - Boulder City, NV

    Lot size:
    0.05 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    16
    Last Refresh:
    May 12 at 11:06 pm

    Property Features for 850 Sparrow Way lot 22

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    186-05-810-062
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    458

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Michael Fleckner

    Listing agent Michael Fleckner License #BS.0144369

    Listing office BC Real Estate 1610 Boulder City Pkwy, Boulder City, NV

    Listing date Apr 27, 2026

    MLS# 2776563 Listing URL

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in a 5‑Star Resort Community with Swimming Pool, Spa, Fitness Center, Laundry Rooms & Showers.
    • Move‑In Ready with Fully Developed Lot Featuring Beautifully Paved Areas, Pergola, Large Storage Shed, and Landscaping on an Automatic Watering System.
    • Next to World Class Mountain Biking & Hiking Trails.
    • Lake Mead is only 5 miles away.
    • McCarran International Airport & Las Vegas are only 25 minutes away.
    • Public Water and Sewer.

    Overview

    This move-in ready, fully developed lot features paving, a pergola, a large storage shed, and landscaping on an automatic watering system. It is located in a resort community that offers a swimming pool, spa, fitness center, laundry rooms, and showers. The property is situated near mountain biking and hiking trails, and Lake Mead is approximately 5 miles away. McCarran International Airport and Las Vegas are about 25 minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Boulder City
    County
    Clark
    State
    Nevada
    Longitude
    -114.848554
    Latitude
    35.980814

    Nearby Similar for Sale

    • $825,000
      3,804 SF

      Boulder City Multifamily Investment Opportunity

      Four remodeled units in Boulder City with in-unit laundry.
      855 Del Rey Drive, Boulder City, NV 89005
      View Details
    • $890,000
      1,300 SF

      Buildable Lot with Mountain Views

      Large lot in Boulder City with RV garage and loft.
      1317 Alpine Drive, Boulder City, NV 89005
      View Details
    • $159,900

      Land in Resort Community

      Land with mature landscaping in a five-star resort community.
      809 Pelican Way lot: 39, Boulder City, NV 89005
      View Details
    • $225,000

      Land with Lake Mead Views

      Land near Lake Mead with mountain views and community amenities.
      953 KEYS Drive, Boulder City, NV 89005
      View Details
    • $230,000

      Boulder City Land with Lake Views

      Spacious lot with utilities and views in Boulder City, NV.
      969 Keys Drive, Boulder City, NV 89005
      View Details
    • $235,000

      Boulder City Homesite with Views

      0.62-acre lot with mountain views in Boulder City, Nevada.
      1413 Pueblo Drive, Boulder City, NV 89005
      View Details
    • $280,000

      Homesite with Lake and Mountain Views

      Elevated 0.45-acre homesite in Boulder City with expansive views.
      929 Vista Lago Way, Boulder City, NV 89005
      View Details
    • $199,900

      Lake View Homesite Opportunity

      0.24-acre homesite with lake and mountain views in Boulder City.
      855 Reese Place, Boulder City, NV 89005
      View Details
    • $290,000

      Land with Panoramic Lake Views

      Residential land in Boulder City with views of Lake Mead.
      608 Lido Drive, Boulder City, NV 89005
      View Details
    • $215,000

      Boulder City Land with Views

      Residential land with mountain and lake views in Boulder City.
      961 Keys Drive, Boulder City, NV 89005
      View Details
    • $1,340,000
      25,367 SF

      Boulder City Office/Medical Building

      Two-story office building in Boulder City's central commercial district.
      Boulder City, NV 89005
      View Details
    • $175,000

      Improved Lot in Resort Community

      Move-in ready lot with shed, landscaping, and resort amenities.
      874 Pelican Way, Boulder City, NV 89005
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Move-in ready lot with amenities near outdoor recreation and Las Vegas.
    Where is this residential land & home lot located?
    The property is located at 850 Sparrow Way lot 22 Boulder City, NV.
    What is the asking price?
    The asking price for this property is $179,999.
    What are key features of this property?
    This property features: Located in a 5‑Star Resort Community with Swimming Pool, Spa, Fitness Center, Laundry Rooms & Showers.; Move‑In Ready with Fully Developed Lot Featuring Beautifully Paved Areas, Pergola, Large Storage Shed, and Landscaping on an Automatic Watering System.; Next to World Class Mountain Biking & Hiking Trails.
    (702) 884-7829
    We can help!
    Listing Contact
    Michael Fleckner
    Real Estate License ID: BS.0144369
    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
    850 Sparrow Way lot: 22, Boulder City, NV 89005
    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!