Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4990 Blagg Rd Pahrump, NV 89060

    • Land
    • 400.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harris Farms Nevada / Agricultural Product Wholesaler

    Property Details for 4990 Blagg Rd

    Lot size
    400.00 lot acres
    Property type
    Land

    Description

    This exceptional 400-acre commercial land parcel in Nye County, Nevada, presents a unique investment opportunity. Located near the intersection of N. Blagg Road and W. Simkins Road in Pahrump (zip code 89060), this property boasts significant advantages. The land is zoned SP (Specific Plan), offering flexibility for various development projects. A key feature is the inclusion of approximately 1,000 acre-feet of water rights, a significant asset in this arid climate. The property is served by Desert Utilities, with water and wastewater lines already running through the parcel

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.016
    Latitude
    36.2858

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      360 Country Place Rd

      Land • 1.50 Acres
      360 Country Place Rd, Pahrump, NV 89060
      View Details
    • Value Estimation by Request
      60.80 Acres

      251 Desert Trl Blvd

      Land • 60.80 Acres
      251 Desert Trl Blvd, Pahrump, NV 89060
      View Details
    • Value Estimation by Request
      2.50 Acres

      1400 Irene St

      Land • 2.50 Acres
      1400 Irene St, Pahrump, NV 89060
      View Details
    • Value Estimation by Request
      0.20 Acres

      420 Peach Tree Ln

      Land • 0.20 Acres
      420 Peach Tree Ln, Pahrump, NV 89060
      View Details
    • Value Estimation by Request
      0.12 Acres

      61 Abilene St

      Land • 0.12 Acres
      61 Abilene St, Pahrump, NV 89060
      View Details
    • Value Estimation by Request
      4.60 Acres

      4980 Nv-160

      Land • 4.60 Acres
      4980 Nv-160, Pahrump, NV 89060
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.12 Acres

      Pahrump Commercial Land - $10K

      0.124-acre lot, prime Pahrump location.
      61 Abilene St, Pahrump, NV 89060
      View Details
    • Contact for pricing
      30.81 Acres

      Pahrump Commercial Land - 30 Acres

      Prime Pahrump land, medical zoning, abundant water.
      631 Basin Ave, Pahrump, NV 89060
      View Details
    • $325,000
      9.16 Acres

      Prime Pahrump Commercial Land

      9.16 Acres, Zoned Commercial, $325,000
      2190 Bell Vista Ave, Pahrump, NV 89060
      View Details
    • $478,800
      9.06 Acres

      Pahrump Commercial Land: 9 Acres

      Prime Pahrump commercial land, ideal investment.
      2060 Bell Vista Ave, Pahrump, NV 89060
      View Details
    • $225,000
      1.50 Acres

      Prime Pahrump Commercial Land

      1.5 Acres, $225,000, High Traffic
      360 Country Place Rd, Pahrump, NV 89060
      View Details
    • $225,000
      2.50 Acres

      Pahrump Residential Land - 2.5 Acres

      2.5-acre residential lot, prime location.
      1900 Blagg Rd, Pahrump, NV 89060
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      6,510 SF

      Pahrump Retail Space Available

      High-traffic retail space, 3 units available
      1210 Basin Ave, Pahrump, NV 89060
      View Details
    • $24 SF/Yr
      2,560 SF

      Restaurant Space - Blagg Road

      Turnkey Restaurant, 2560 sq ft, 1 acre
      2610 Blagg Rd, Pahrump, NV 89060
      View Details
    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.
    4990 Blagg Rd
    Pahrump, NV 89060
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.