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    5 Ac On Log Cabin Way Las Vegas, NV 89166
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    5 Ac On Log Cabin Way Las Vegas, NV 89166

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    • Land
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5 Ac On Log Cabin Way

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre parcel presents a unique investment opportunity in rapidly developing Las Vegas, Nevada. Located at the northeast corner of Log Cabin Way and Brittings Way, in the Kyle Canyon area, this fee-simple owned property (APN 126-02-601-013) is zoned for Undeveloped (Planned Community Development). The land is currently raw and unimproved, offering a blank canvas for future development. Its strategic location positions it west of the established Skye Canyon Master Planned Development and a significant, forthcoming 1,092-acre USAF development. This proximity to major planned developments suggests substantial future growth potential. Furthermore, major utilities are planned for the area, and the Nevada Department of Transportation (NDOT) master plan is underway, indicating positive infrastructure development. This corner lot presents a rare chance to acquire a substantial residential land holding in a high-growth area of Las Vegas, offering significant upside for long-term investment. The property's 89166 zip code and coordinates (36.3287076 latitude, -115.3489437 longitude) provide precise location details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.349
    Latitude
    36.3287

    Comparable in this City

    • Value Estimation by Request
      2.09 Acres

      Kyle Canyon Rd

      Land • 2.09 Acres
      0 Kyle Canyon Rd, Las Vegas, NV 89166
      View Details
    • Value Estimation by Request
      3.92 Acres

      11220 Log Cabin Way

      Land • 3.92 Acres
      11220 Log Cabin Way, Las Vegas, NV 89166
      View Details
    • Value Estimation by Request
      3.27 Acres

      3.27 Ac At Nec Kyle Cyn Rd. & Racel St

      Land • 3.27 Acres
      0 3.27 Ac At Nec Kyle Cyn Rd. & Racel St, Las Vegas, NV 89166
      View Details
    • Value Estimation by Request
      2.06 Acres

      Of Rufus Rd. And Log Cabin In Kyle Cyn

      Land • 2.06 Acres
      0 Of Rufus Rd. And Log Cabin In Kyle Cyn, Las Vegas, NV 89166
      View Details
    • Value Estimation by Request
      5.00 Acres

      Brent Ln

      Farms • 5.00 Acres
      0 Brent Ln, Las Vegas, NV 89166
      View Details
    • Value Estimation by Request
      2.50 Acres

      Racel St

      Farms • 2.50 Acres
      0 Racel St, Las Vegas, NV 89166
      View Details

    Similar Nearby for Sale

    • $350,000
      1.73 Acres

      Las Vegas Land in Kyle Canyon

      Land in fast growing area near Kyle Canyon.
      L0wer Kyle Canyon Rd, Las Vegas, NV 89166
      View Details
    • $850,000
      5.00 Acres

      Las Vegas Land with Views

      5-acre land parcel with city and mountain views.
      Kyle Canyon Rd, Las Vegas, NV 89166
      View Details
    • $1,150,000
      3.65 Acres

      Land in Scenic Kyle Canyon

      3.65 acres to build your custom home.
      Kyle Canyon Rd, Las Vegas, NV 89166
      View Details
    • $850,000
      2.21 Acres

      Land in Scenic Kyle Canyon

      2.21 acres to build your custom home.
      Elvis Alive Dr, Las Vegas, NV 89166
      View Details
    • $2,900,000
      5.00 Acres

      5 Acres of Nevada Land

      5 acres of land in Las Vegas, Nevada.
      Randlett Way, Las Vegas, NV 89166
      View Details
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    Las Vegas, NV 89166
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    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
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