Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Walker Lake View Land Parcel Title is generated by Realmo AI

    Lots 36 37 38, Walker Lake, NV 89415

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Walker Lake, NV

    Lot size:
    0.75 Acres
    Added:
    Mar 3, 2025
    Days on Market:
    453
    Last Refresh:
    May 30 at 12:06 am

    Property Features for Lots 36 37 38

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    00801321
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Annual Amount
    430

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Eric Gothan
    Eric Gothan

    Listing agent Eric Gothan License #BS.2214

    Listing office Sierra Nevada Properties-Fallo 945 W WIlliams, Reno, NV

    Listing date Mar 3, 2025

    MLS# 250002524 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Breathtaking views of majestic mountains and Walker Lake.
    • Large .75 acre parcel size.
    • Surveyed property with marked corners.
    • Pad already carved out for building.
    • Suitable for either a traditional or manufactured home.
    • Water available (public) with a $25/month maintenance fee.

    Overview

    This 0.75-acre parcel offers views of Walker Lake and is surrounded by mountains. The property has been surveyed, and the corners are marked. A pad has been carved out for construction. The property is suitable for building a home or placing a manufactured home. There is a $25.00 per month water line maintenance fee. The property is located in Walker Lake, Nevada.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Walker Lake
    County
    Mineral
    State
    Nevada
    Longitude
    -118.657
    Latitude
    38.6331

    Nearby Similar for Sale

    • $125,000

      Commercial Land with Highway Frontage

      Commercial property with highway frontage and potential for storage units.
      Golden Willow & Cottonwood, Walker Lake, NV 89415
      View Details
    • $29,900

      Walker Lake Land Parcel

      1-acre parcel with lake and mountain views in Walker Lake.
      51 Shores Drive, Walker Lake, NV 89415
      View Details
    • $45,000

      Commercial Land with Highway Frontage

      0.63-acre commercial lot with highway frontage and lake view.
      386 Golden Willow Drive, Walker Lake, NV 89415
      View Details
    • $20,000

      Walker Lake Land Parcel

      Corner parcel with lake and mountain views.
      226 Debbie Drive, Walker Lake, NV 89415
      View Details
    • $10,191

      Walker Lake Vacant Lot

      0.23-acre vacant lot with lake and mountain views.
      209 Pamela Drive, Walker Lake, NV 89415
      View Details
    • $45,000

      Walker Lake View Land

      One acre parcel with lake view and utilities.
      53 Shores Drive, Walker Lake, NV 89415
      View Details
    • $14,838

      Walker Lake Land with Views

      0.46-acre lot with lake and mountain views in Walker Lake.
      192 Lucille Drive, Walker Lake, NV 89415
      View Details
    • $27,500

      Walker Lake Corner Lot

      0.25 acre corner lot with mountain and lake views.
      776 Gladys Drive, Walker Lake, NV 89415
      View Details
    • $45,000

      Commercial Lot Overlooking Walker Lake

      Commercial land with highway frontage and high traffic visibility.
      450 Randall Street, Walker Lake, NV 89415
      View Details
    • $119,000

      Walker Lake Land For Sale

      8.21 acres of subdividable land with lake and mountain views.
      800 Hwy 95, Walker Lake, NV 89415
      View Details
    • $15,000

      Walker Lake Land with Views

      0.27-acre lot with lake and mountain views in Walker Lake.
      450 Walker Drive, Walker Lake, NV 89415
      View Details
    • $10,000

      Walker Lake Land with Views

      0.23 acre parcel with lake and mountain views.
      163 Boyd Drive, Walker Lake, NV 89415
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.75 acre parcel with mountain views overlooking Walker Lake.
    Where is this residential land & home lot located?
    The property is located at Lots 36 37 38 Walker Lake, NV.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Breathtaking views of majestic mountains and Walker Lake.; Large .75 acre parcel size.; Surveyed property with marked corners.
    (775) 240-1533
    We can help!
    Listing Contact
    Eric Gothan
    Eric Gothan
    Real Estate License ID: BS.2214
    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
    Lots 36 37 38, Walker Lake, NV 89415
    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!