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    3200 Opal Ave Silver Springs, NV 89429

    Sponsored
    For Sale
    $3,500,000

    10-Acre Multifamily Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-acre parcel, located at 3200 Opal Ave, Silver Springs, NV 89429 (APN 015-181-01), presents a remarkable opportunity for multifamily development. Priced at $3,500,000, this land offers significant potential within a rapidly growing area. Situated 39 miles east and south of Reno, the property benefits from its proximity to major transportation arteries and established amenities. The site is planned for MF30 zoning, allowing for a high-density residential project with up to 30 units per acre. Included in the offering are 70 acre-feet of dedicated water rights, ensuring ample resources for future construction. Comprehensive due diligence materials are available, including an ALTA survey, traffic report, verification of public utilities, and a title report. The property's strategic location near the burgeoning Victory Logistic District, a 4,300-acre master-planned industrial development, and the proximity to Reno-Fernley Raceway further enhances its investment appeal. The area also boasts new commercial developments, including a Circle K gas station and a Travel America Truck Stop, indicating strong growth and demand. This prime location offers investors a unique chance to capitalize on the expanding Silver Springs market, a sub-market of the Reno, Sparks, Fernley metropolitan area.

    Property Features for 3200 Opal Ave

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • $3.5M Multifamily Land Investment Opportunity
    • 10± Acres with 70 acre‑feet of water rights in Silver Springs, NV (39 miles east and south of Reno)
    • Located at 3200 Opal Avenue, APN 015‑181‑01
    • MF30 Zoning (30 units per acre)
    • Due diligence materials available including topography, ALTA survey, traffic report, utility verification, and title report.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Building Supply Dental Office Storage Facility Car Rental Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Springs
    County
    Lyon
    State
    Nevada
    Longitude
    -119.2683487
    Latitude
    39.4005708

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    FAQs

    What type of property is this?
    Land - 10-Acre Multifamily Development Site
    Where is this land located?
    The property is located at 3200 Opal Ave Silver Springs, NV.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3.5M Multifamily Land Investment Opportunity; 10± Acres with 70 acre-feet of water rights in Silver Springs, NV (39 miles east and south of Reno); Located at 3200 Opal Avenue, APN 015-181-01
    Request Owner's contact information
    3200 Opal Ave Silver Springs, NV 89429
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    Silver Springs, NV 89429
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    Realmo Value Estimation

    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.

    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.

    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
    3200 Opal Ave Silver Springs, NV 89429
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