Property profile

0 Spruce Ave Silver Springs, NV 89429

OFF-MARKET
Land
845,064 SF 19.4 ac lot
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Property summary

AI-generated overview

This exceptional 19.399-acre parcel, located in Silver Springs, Nevada, presents a unique opportunity for mixed-use development. The property boasts 845,064 square feet and is zoned for mixed-use purposes, offering considerable flexibility for a variety of projects. Situated on Spruce Ave, with convenient access via West Spruce Avenue, the land enjoys a prime location just off of Alternate US Route 95 and near the intersection of East Spruce Avenue. The property is served by the Silver Springs Mutual Water Company and includes valuable water rights totaling 15 acre-feet. This strategic location offers easy access to major transportation routes, with Reno, Nevada, approximately a 45-minute drive away, Sacramento under three hours, and Las Vegas within six hours. The property's APN is 015-211-03. This substantial land holding in Lyon County, Nevada (zip code 89429) presents a compelling investment prospect for developers seeking a versatile and well-located site. The latitude and longitude coordinates are 39.3899137, -119.2591465 respectively. Contact us for pricing and further details.

Property profile

Verified
Property type Land
Total area 845,064 SF
Lot 19.4 ac (845,020 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Spruce Ave Silver Springs, NV 89429
Silver Springs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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