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    OFF-MARKET
    Land

    1090 Cherry Crk Rd, Ely, NV 89301

    111.79 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional 111.79-acre agricultural property in Ely, Nevada, presents a compelling investment opportunity for farmers, developers, or investors. The land boasts significant improvements, including an eight-stall horse barn, six RV hookups, two manufactured homes (previously used as a man camp), a 40-foot shipping container, and two building pads. Infrastructure is well-established, featuring water and electricity throughout, two separate 200-amp services, a private well, and a septic tank. Improved roads allow for easy large equipment access, and French drains enhance drainage. The property includes substantial water rights (448 acre-feet), three ponds, and a maintained creek. Its proximity to local mines offers potential rental income from the RV spots and man camp. Currently, a portion of the water rights is leased to a local mine, generating existing revenue. According to the White Pine County Assessor, the property may be developed as a ranch or subdivided into five-acre parcels. The asking price is $2,000,000, with a price per acre of $17,890.69. The property's APN is 008-590-04, 008-260-02. This versatile property offers numerous income-generating possibilities and significant future development potential.

    Property profile
    Verified
    Property type Land
    Lot 111.79 ac (4,869,572 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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