1090 Cherry Crk Rd, Ely, NV 89301
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.