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    6968 Fox Ave Pahrump, NV 89061

    Sponsored
    For Sale
    $1,017,561

    5.84 Acres, Prime Commercial/Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.84-acre parcel located at 6968 Fox Ave, Pahrump, NV 89061, presents a unique investment opportunity. Zoned for both commercial and residential development, this versatile land offers significant potential for a variety of projects. The property boasts a generous lot size, providing ample space for substantial development. Priced at $1,017,561, or $4 per square foot, this represents a compelling value in the thriving Pahrump market. The land includes one acre-foot of water per acre, with the potential for additional water rights. The property is currently undergoing the tentative map approval process, anticipated for completion in 2024. This allows for the possibility of subdividing the land, creating multiple development opportunities. The APN is 045-171-67. Situated in Nye County, this location offers easy access to key transportation routes and amenities. This property is ideal for developers seeking a prime location for commercial or residential projects, or a savvy investor looking for a strong return. Don't miss this chance to acquire a significant piece of land in a rapidly growing area.

    Property Features for 6968 Fox Ave

    General Information

    Property type
    Land
    Lot Size
    254,390 SF

    HighLights

    • 5.84‑acre commercial/residential lot in Pahrump, NV.
    • $1,017,561 asking price ($4/sq ft).
    • One acre‑foot of water per acre.
    • Tentative map approval anticipated in 2024, allowing for subdivision.
    • APN 045‑171‑67.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Clothing Store Accounting Firm Bar & Pub Garden Center Pawn Shop Shopping Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -115.9229709
    Latitude
    36.11813

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    FAQs

    What type of property is this?
    Land - 5.84 Acres, Prime Commercial/Residential Land
    Where is this land located?
    The property is located at 6968 Fox Ave Pahrump, NV.
    What is the asking price?
    The asking price for this property is $1,017,561.
    What are key features of this property?
    This property features: 5.84-acre commercial/residential lot in Pahrump, NV.; $1,017,561 asking price ($4/sq ft).; One acre-foot of water per acre.
    (702) 510-4172
    Request Owner's contact information
    6968 Fox Ave Pahrump, NV 89061
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    Pahrump, NV 89061
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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
    6968 Fox Ave Pahrump, NV 89061
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