Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Agate Ave Las Vegas, NV 89113

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

    Current Use by Public Records

    • Land

    Property Details for 0 Agate Ave

    Lot size
    2.02 lot acres
    Property type
    Land

    Description

    This exceptional 2.02-acre residential land parcel presents a unique development opportunity in Las Vegas, Nevada. Comprised of four individual parcels (APN: 1624601062, 17624601063, 17624601064, 17624601065), this property is zoned RS-20, allowing for two units per acre. The land is situated in a desirable, quiet neighborhood, conveniently located minutes from Blue Diamond Road and Interstate 15, providing easy access to major transportation routes. Nearby amenities include schools, shopping centers, and entertainment options. The property is mapped as a cul-de-sac within a Half Acre Ranch Estates development, suggesting a high-end residential setting. Offered at $850,000, this land presents a compelling investment for developers seeking to build in a prime Las Vegas location. The address is Agate Ave, Enterprise, Clark County, NV 89113. Further details and demographic information are available online. This is a remarkable opportunity to acquire a substantial residential land parcel in a sought-after area.

    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
    -115.21
    Latitude
    36.024

    Comparable in this City

    • Value Estimation by Request
      3.72 Acres

      7000 Block 1·215Sw

      Land • 3.72 Acres
      7000 Block 1·215Sw, Las Vegas, NV 89113
      View Details
    • Value Estimation by Request
      1,132 SF

      7935-7975 Badura Ave Suite 1040

      Land • 1,132 SF
      7935-7975 Badura Ave Suite 1040, Las Vegas, NV 89113
      View Details
    • Value Estimation by Request
      404,139 SF

      7935-7975 Badura Ave

      Land • 404,139 SF
      7935-7975 Badura Ave, Las Vegas, NV 89113
      View Details
    • Value Estimation by Request
      2.90 Acres

      Ford/Durango

      Land • 2.90 Acres
      0 Ford/Durango, Las Vegas, NV 89113
      View Details
    • Value Estimation by Request
      1.12 Acres

      7339 Warm Springs Rd

      Restaurants • 1.12 Acres
      7339 Warm Springs Rd, Las Vegas, NV 89113
      View Details
    • Value Estimation by Request

      Sunset Rd

      Land
      0 Sunset Rd, Las Vegas, NV 89113
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.90 Acres

      Las Vegas Commercial Land Opportunity

      Prime 3-Acre Commercial Lot in Las Vegas
      0 Ford/Durango, Las Vegas, NV 89113
      View Details
    • $395,000
      0.49 Acres

      Residential Development Opportunity in Las Vegas

      2.5-acre residential development opportunity in Southwest Las Vegas.
      S Torrey Pines Dr, Las Vegas, NV 89113
      View Details
    • $395,000
      0.49 Acres

      Residential Development Opportunity in Las Vegas

      2.5-acre residential land in Southwest Las Vegas, ready to build.
      Torrey Pines Dr, Las Vegas, NV 89113
      View Details
    • $395,000
      0.49 Acres

      Residential Development Opportunity in Las Vegas

      2.5-acre residential development opportunity in Southwest Las Vegas.
      South Torrey Pines Dr, Las Vegas, NV 89113
      View Details
    • $395,000
      0.50 Acres

      Residential Land Development Opportunity

      2.5-acre residential land in Southwest Las Vegas.
      S Torrey Pines Dr, Las Vegas, NV 89113
      View Details
    • $700,000

      Prime Land on Buffalo Drive

      Desirable southwest location with frontage on Buffalo Drive.
      9044 S Buffalo Dr, Las Vegas, NV 89113
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      23,589 SF

      Blue Diamond Retail Center

      Las Vegas Retail Space: 4 Units Available
      8408 Blue Diamond Rd, Las Vegas, NV 89113
      View Details
    • $18,336 /Mo
      1,132 SF

      West Badura Ave Office Space

      Single-tenant office, 1132 sq ft
      7935-7975 Badura Ave Ste 1040, Las Vegas, NV 89113
      View Details
    • Contact for pricing

      High-Traffic Corner Retail Pad

      Retail pad at a high-traffic intersection in a thriving corridor.
      9363 South Buffalo Dr, Las Vegas, NV 89113
      View Details
    • $43 SF/Yr
      38,700 SF

      Las Vegas Retail Center - Blue Diamond

      Prime Retail/Restaurant Space Available
      0 Blue Diamond Rd, Las Vegas, NV 89113
      View Details
    • Contact for pricing
      80,600 SF

      Proposed Industrial Building For Lease

      80,600 SF industrial building with Q1 2026 delivery.
      7560 W Warm Springs Rd, Las Vegas, NV 89113
      View Details
    • Contact for pricing

      Retail Space in UnCommons Centerpiece

      Ideally located retail space bridging work, play, and living.
      89113 Usa, Las Vegas, NV 89113
      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.
    Agate Ave
    Las Vegas, NV 89113
    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.
    Sign Up Successful!
    You now have access to more from Realmo!