Listing Agency: Signature Real Estate Group b***@signaturenv.com Show Phone

Listed By: Jerome Price · License #S.0184478 Show Phone

Added: Jun 9 Changed: Oct 3 Last Checked: Oct 13 at 6:06PM

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MLS# 2790268

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Investment Insights

Based on property information with market context.

This is a 0.82-acre residential land offering in Indian Springs, Nevada, including an approximately 1,340 sq. ft. manufactured home and two storage sheds. The property is being sold as-is, and prospective buyers should plan for their own evaluation of condition and any required updates. With its single-lot configuration, the site is suited for buyers seeking a desert-style home setting with room to support day-to-day storage and outdoor use.

The lot benefits from government-owned land across the street, adding separation from neighboring development. Mountain views are noted as part of the setting. The listing also states there is no HOA. The property is zoned Manufactured Home Residential, with planned land use identified as Mid-Intensity Suburban Neighborhood.

For buyers looking for a straightforward opportunity to own a manufactured home property on a residential lot, the existing home and outbuildings can provide immediate utility while you consider future plans for the site. The zoning and planned land use support manufactured home residential use, making it a practical fit for owner-occupants and buyers evaluating long-term customization of their property within the stated framework.

Key Highlights

• 0.82‑acre property in Indian Springs with an approximately 1,340 SF manufactured home
• Two storage sheds on site
• Mountain views and privacy with government‑owned land across the street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,795

Cap Rate

7.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$315,900 $315.9K

Cap Rate 7%

$225,643 $225.6K

Cap Rate 9%

$175,500 $175.5K

Market Conditions

NOI Build-Up for 1,340 SF

Gross rent

$30.2K $22.56/SF

− Vacancy

−$1.5K −$1.13/SF

EGI

$28.7K $21.43/SF

− OpEx

−$12.9K −$9.64/SF

NOI

$15.8K $11.79/SF

Area

Clark County, NV

Vacancy

5.00%

Lease Rate

$22.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$315,900

Cap Rate 7%

$225,643

Cap Rate 9%

$175,500

Alternative Uses

Best Use

Apartment 5plus

$225.6K

$197.4K – $263.3K (±1% cap)

NOI $15,795 @ 7.0% cap · market cap 7.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$347.7K

$304.3K – $405.7K (±1% cap)

NOI $24,342 @ 7.0% cap · market cap 12.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Single family properties

Location Intelligence

Trade Area within ½ mile

79

Businesses Nearby

Explore this area Business Placement

Demographics for 89018, NV

1,026

Population

418

Households

2.5

Avg Household Size

38

Median Age

11%

College-Educated

92%

High-School Grad

1.7 sq mi

ZIP Area

604

Density / Sq Mi

$60,313

Median Household Income

$36,583

Median Earnings

$943

Median Rent

$325,500

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this single family properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Single family property - 0.82-acre lot with an approximately 1,340 sq. ft. manufactured home and storage sheds, sold as-is with no HOA.

Where is this single family property located?

The property is located at 975 Sky Road Indian Springs, NV.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: 0.82‑acre property in Indian Springs with an approximately 1,340 SF manufactured home; Two storage sheds on site; Mountain views and privacy with government‑owned land across the street