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    1451 Nv-160 Pahrump, NV 89048

    Sponsored
    For Sale
    $3,500,000

    Prime Pahrump location, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.5-acre parcel of land presents a remarkable investment opportunity in the thriving town of Pahrump, Nevada. Located at 1451 NV-160, this strategically positioned property offers significant potential for diverse commercial and residential development. The land is priced at $3,500,000, translating to a land value of $13 per square foot. Its prime location less than one mile from the intersection of Highways 160 and 372 ensures high visibility and accessibility. Pahrump's robust growth trajectory is evident in recent development trends. Data indicates a substantial increase in residential building permits issued between 2020 and 2021, followed by record-breaking commercial development in 2021-2022. Further bolstering the property's appeal, the Nevada Department of Transportation reported a 16.7% year-over-year increase in traffic flow to and from Las Vegas via Highway 160 following a recent widening project. This surge in traffic translates to increased visibility and accessibility for any development on this site. Utilities, including water and power, are readily available. The property's mixed-use zoning allows for a variety of development options, including hotels, multi-family residential projects, and various commercial ventures. The APN is 35-571-09. This is an ideal opportunity to capitalize on Pahrump's dynamic growth and create a significant return on investment.

    Property Features for 1451 Nv-160

    General Information

    Property type
    Land

    HighLights

    • $3,500,000 asking price.
    • 6.5‑acre land parcel.
    • $13/SF land value.
    • Located at 1451 NV‑160, Pahrump, NV 89048 (APN 35‑571‑09).
    • Suitable for hotel, multi‑family, and commercial development.
    • Utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -115.970514
    Latitude
    36.198267

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    FAQs

    What type of property is this?
    Land - Prime Pahrump location, mixed-use potential.
    Where is this land located?
    The property is located at 1451 Nv-160 Pahrump, 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: $3,500,000 asking price.; 6.5-acre land parcel.; $13/SF land value.
    (702) 510-4172
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    1451 Nv-160 Pahrump, NV 89048
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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
    1451 Nv-160 Pahrump, NV 89048
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