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    6 Mile Cyn Rd Reno, NV 89403

    Sponsored
    For Sale
    $2,300,000

    Prime Residential Land, Highway 50 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 157.61-acre vacant land parcel presents a remarkable development opportunity in Dayton, Nevada. Located near Highway 50, this property boasts convenient access and a desirable location. The land features level terrain, simplifying development plans and minimizing site preparation costs. Utilities are readily accessible, with potential for connection to county water and sewer services. The property's zoning, designated as RR2T, permits the construction of up to 78 single-family residential units, making it ideal for a substantial residential development project. The expansive lot size offers significant flexibility for various development scenarios, catering to a wide range of residential designs and densities. The property's APN is 016-401-04, and it's situated in Lyon County, Nevada, with a zip code of 89403, at the address of Six Mile Cyn Rd. The asking price for this exceptional property is $2,300,000. This represents a significant investment opportunity in a rapidly growing area with strong potential for future appreciation. The level terrain and proximity to essential utilities make this a highly attractive proposition for developers seeking a prime location for a new residential community.

    Property Features for 0 6 Mile Cyn Rd

    General Information

    Property type
    Land
    Lot Size
    6,865,492 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Nail Salon Clothing Store Building Supply Auto Repair Shop Daycare Center Kitchen & Bath HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Lyon
    State
    Nevada
    Longitude
    -119.55924834325
    Latitude
    39.304915833247

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    FAQs

    What type of property is this?
    Land - Prime Residential Land, Highway 50 Access
    Where is this land located?
    The property is located at 6 Mile Cyn Rd Reno, NV.
    What is the asking price?
    The asking price for this property is $2,300,000.
    Request Owner's contact information
    6 Mile Cyn Rd Reno, NV 89403
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    Reno, NV 89403
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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
    6 Mile Cyn Rd Reno, NV 89403
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