Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in La Madre Wilderness Title is generated by Realmo AI

    Lovell Summit Road, Las Vegas, NV 89124

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $79,900

    LAND - Las Vegas, NV

    Lot size:
    1.86 Acres
    Added:
    Aug 14, 2023
    Days on Market:
    1000
    Last Refresh:
    May 9 at 1:06 pm

    Property Features for Lovell Summit Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    135-31-801-020
    Lot size
    1.86 Acres

    Taxes and HOA fees

    Tax Annual Amount
    227

    We can help!

    Listing Contact
    Russell A. Jacoby

    Listing agent Russell A. Jacoby License #B.0035549

    Listing office Mosaic Commercial Advisors LLC 10091 Park Run Dr #110, Las Vegas, NV

    Listing date Aug 14, 2023

    MLS# 2519594 Listing URL

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Secluded off‑grid property in Lovell Canyon, a hidden gem only 40‑45 minutes from Las Vegas.
    • Located within the La Madre Mountain Wilderness Area and Spring Mountains National Recreation Area, surrounded by US Forest Service land.
    • Enjoy significantly cooler temperatures (15‑20 degrees) compared to Las Vegas.
    • Opportunity to purchase two adjacent parcels (1.93 ac & 1.86 ac) together at a discounted price.
    • R‑U zoning allows for one home per parcel.
    • Ability to drill a well on either or both parcels.

    Overview

    Located approximately 40-45 minutes from Las Vegas, this land is situated in Lovell Canyon, a secluded area near the La Madre Mountain Wilderness Area and Spring Mountains National Recreation Area. The property is surrounded by US Forest Service land and is one of only 20 private parcels in the canyon. The available parcel, identified as 135-31-801-020, spans 1.86 acres. Zoned R-U, the parcel allows for one home to be built, and drilling a well is permitted. The area experiences temperatures that are 15-20 degrees cooler than in Las Vegas. While accessible with a 2-wheel drive SUV, a 4-wheel drive vehicle is recommended for more comfortable travel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.625975
    Latitude
    36.16072

    Nearby Similar for Sale

    • $650,000

      Las Vegas Land with Live/Work Space

      Land with live/work space and large shop near Las Vegas Blvd.
      8811 Haven Street, Las Vegas, NV 89123
      View Details
    • $390,000

      Luxurious Motorcoach Living Site

      Impeccable site built for year-round comfort and entertainment.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $380,000

      Las Vegas Motorcoach Resort Site

      Fully loaded site with rare privacy and luxury amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $525,000

      Las Vegas Vacant Land Parcel

      1.25-acre vacant land parcel in high-demand Las Vegas submarket.
      2084 E Torino Avenue, Las Vegas, NV 89123
      View Details
    • $950,000
      860 SF

      Upgraded Resort-Style Living in Las Vegas

      Upgraded, fully enclosed structure in Las Vegas Motorcoach Resort.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $305,000

      Luxury Motorcoach Resort Lot

      Guard-gated resort lot with outdoor living and amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $435,000

      Land with Outdoor Living Features

      Landscaped property with outdoor kitchen, lounge, and comfort station.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $319,900

      Las Vegas Motorcoach Resort Land

      Land with structures in Las Vegas Motorcoach Resort.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $699,000
      2,694 SF

      Renovated 4-Plex in Downtown Las Vegas

      Remodeled four-unit property near downtown Las Vegas with strong cashflow.
      1812 Lewis Ave, Las Vegas, NV 89101
      View Details
    • $495,000

      Prime Land Near Lake Mead

      Land with development potential near shopping, dining, and golf.
      Lake Mead and Fairhaven, Las Vegas, NV 89108
      View Details
    • $329,500

      Las Vegas Motorcoach Resort Land

      Corner lot in Las Vegas Motorcoach Resort with premium amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $399,900

      Las Vegas Motorcoach Resort Land

      Oversized lot with extensive amenities in Las Vegas resort.
      8175 Arville Street, Las Vegas, NV 89139
      View Details

    FAQs

    What type of property is this?
    Land - Two parcels in secluded canyon near La Madre Mountain Wilderness.
    Where is this land located?
    The property is located at Lovell Summit Road Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Secluded off‑grid property in Lovell Canyon, a hidden gem only 40‑45 minutes from Las Vegas.; Located within the La Madre Mountain Wilderness Area and Spring Mountains National Recreation Area, surrounded by US Forest Service land.; Enjoy significantly cooler temperatures (15‑20 degrees) compared to Las Vegas.
    (702) 596-1170
    We can help!
    Listing Contact
    Russell A. Jacoby
    Real Estate License ID: B.0035549
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lovell Summit Road, Las Vegas, NV 89124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!