Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Henderson, Nevada Title is generated by Realmo AI

    Parawan, Henderson, NV 89015

    View on Map
    Claim this Listing
    For Sale
    $230,000

    LAND - Henderson, NV

    Lot size:
    0.69 Acres
    Added:
    Oct 16, 2023
    Days on Market:
    951
    Last Refresh:
    May 23 at 8:06 pm

    Property Features for Parawan

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    179-09-803-003
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Description
    that portion of the south 1/2 of the southeast quarter of section 9 Township 22 Range 63 East parcel three(3) of PM 67-66
    Tax Annual Amount
    790

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Tim W. Shaw
    Tim W. Shaw

    Listing agent Tim W. Shaw License #BS.0002607

    Listing office Douglas Elliman of Nevada LLC 1700 S Pavilion Center Dr., Las Vegas, NV

    Listing date Oct 16, 2023

    MLS# 2535054 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

    • Awsum view of Spring Mountains and Las Vegas
    • Located in a million‑dollar RNP rural custom home area
    • Electricity Available
    • Two paved street access (west end Parawan, east end Magic Way)
    • Level lot
    • Two block walls

    Overview

    This residential land is located in Henderson, Nevada. The 0.69-acre lot features two paved streets on the west end of Parawan and the east end of Magic Way. It includes two block walls. There are no existing water or sewer connections; homes in the area utilize wells and septic systems. Prospective buyers are responsible for verifying the feasibility of drilling a domestic well and installing a septic system during their due diligence. The level lot offers views of the Spring Mountains and Las Vegas. BLM land is situated east of paved Magic Way. According to the listing, a septic tank waiver to AB220 may be applied for per SNWA. The property is located in a rural custom home area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.941416
    Latitude
    36.044425

    Nearby Similar for Sale

    • $699,950
      2,924 SF

      Henderson Multifamily Property For Sale

      Multifamily property in Henderson, Nevada, near parks, schools, and restaurants.
      140 Judy Lane, Henderson, NV 89015
      View Details
    • $399,900
      1,146 SF

      Henderson Duplex: Investor Opportunity

      Duplex in Henderson, ideal for investors or owner-occupants.
      207 S Texas Avenue, Henderson, NV 89015
      View Details
    • $770,000
      1,725 SF

      Two Homes on One Lot

      Two homes on one lot in Henderson, Nevada.
      303 Tin Street, Henderson, NV 89015
      View Details
    • $599,000

      Lake Las Vegas Homesite Opportunity

      Premium homesite in Lake Las Vegas' SouthShore community.
      4 Via Tiberius Way, Henderson, NV 89011
      View Details
    • $449,999
      1,668 SF

      Henderson Duplex Investment Opportunity

      Two single-family homes on one lot near Water Street District.
      242 Nebraska Avenue, Henderson, NV 89015
      View Details
    • $1,800,000

      Land in Henderson, Nevada

      Spacious lot in a desirable Henderson location with endless possibilities.
      N Orleans Street, Henderson, NV 89015
      View Details
    • $2,250,000

      Ascaya Homesite with Strip Views

      2.3-acre homesite in Ascaya with panoramic Las Vegas Strip views.
      25 Sanctuary Peak Court, Henderson, NV 89012
      View Details
    • $460,000

      Elevated Lot with Panoramic Views

      Rare 1.12-acre lot in gated Calico Ridge community.
      1003 Feather Point Court, Henderson, NV 89011
      View Details
    • $2,299,000

      Ascaya Land with Vegas Views

      Exclusive Henderson land with Strip, golf course, and mountain views.
      12 Wanderlust Court, Henderson, NV 89012
      View Details
    • $3,220,310

      Henderson, NV Land Opportunity

      Exclusive guard-gated community with panoramic city and Strip views.
      523 Rock Peak Drive, Henderson, NV 89012
      View Details
    • $475,000

      Land in Seven Hills

      Rare opportunity to build a custom home in Henderson, NV.
      1529 Via Della Scala, Henderson, NV 89052
      View Details
    • $900,000

      Dragon Mountain Court Land Opportunity

      Unique lot near dragon rock formation in MacDonald Highlands.
      619 Dragon Mountain Court, Henderson, NV 89012
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with mountain views in Henderson, Nevada.
    Where is this residential land & home lot located?
    The property is located at Parawan Henderson, NV.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Awsum view of Spring Mountains and Las Vegas; Located in a million‑dollar RNP rural custom home area; Electricity Available
    (702) 616-1910
    We can help!
    Listing Contact
    Tim W. Shaw
    Tim W. Shaw
    Real Estate License ID: BS.0002607
    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
    Parawan, Henderson, NV 89015
    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!