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    3610 Nv-160 Pahrump, NV 89048

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    For Lease
    $19 SF/Yr

    High-traffic retail space near racetrack

    Lot size:
    29,356 SF

    Property Features for 3610 Nv-160

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,356 SF
    Class
    B
    Total Rate
    48437.4

    Building Details

    Year Built/Renovated
    2007/1
    Stories
    1

    Spaces For Lease

    at 3610 Nv-160, Pahrump, NV 89048 Contact us
    Unit Available Building A400

    $19 /Mo

    Size
    1,909 SF
    Contact us

    We can help!

    Listing Contact
    Scott Smith
    Scott Smith

    Listing Agent: Scott Smith

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

    Learn more

    Overview

    This single-story, 29,356 square foot retail center in Pahrump, Nevada, offers a unique investment opportunity. Located on Highway 160 near Rainbow Ave, this Class B property boasts high visibility and significant foot traffic due to its proximity to the Spring Mountain Motor Resort and Country Club. Built in 2007 and renovated in 2001, the center features 138 parking spaces and sits on 2.2 acres of land (APN: 042-451-13
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -115.9478658
    Latitude
    36.1814456

    Nearby Similar for Lease

    • Contact for pricing

      Pahrump Nevada Commercial Opportunity

      Commercial spaces available adjacent to Spring Mountain Motor Resort.
      4639 S Nevada Hwy, Pahrump, NV 89048
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    • $15 SF/Yr
      6,510 SF

      Pahrump Retail Space Available

      High-traffic retail space, 3 units available
      1210 Basin Ave, Pahrump, NV 89060
      View Details
    • $1.50 SF/Yr
      6,510 SF

      Retail Space Near Highway 160

      Retail space available adjacent to Highway 160 in Pahrump, Nevada.
      1210 E Basin Ave, Pahrump, NV 89060
      View Details
    • Contact for pricing

      Pahrump Nevada Commercial Opportunity

      Commercial spaces available near Spring Mountain Motor Resort and Country Club.
      4639 S Nevada Hwy, Pahrump, NV 89048
      View Details
    • $26 SF/Yr
      425 SF

      Gamebird Plaza Retail Space

      Pahrump retail space, ideal for small business.
      1021 Gamebird Rd, Pahrump, NV 89048
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    • $24 SF/Yr
      2,560 SF

      Restaurant Space - Blagg Road

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space near racetrack
    Where is this retail property located?
    The property is located at 3610 Nv-160 Pahrump, NV.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Highway 160 frontage provides excellent accessibility.; This retail center is the first of its kind on the south end of Pahrump.; The property is minutes away from the Spring Mountain Motor Resort and Country Club.
    Request Owner's contact information
    3610 Nv-160 Pahrump, NV 89048
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    Pahrump, NV 89048
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    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
    3610 Nv-160 Pahrump, NV 89048
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    Listing Contact
    Scott Smith
    Scott Smith
    Real Estate License ID: B.0145183
    Learn more
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