2801 Monte Neva Rd, Ely, NV 89301
Exceptional investment opportunity: 1,079 acres of prime farmland located in the Steptoe Valley near Ely, Nevada. This property boasts proven water rights to irrigate approximately 845 acres, utilizing underground water sources. The land is comprised of multiple parcels (APN: 008-490-24, 010-010-01, 008-480-25, 008-480-14, 008-480-21, 010-020-01, 008-48-022-25) and is zoned AG. The high elevation (approximately 5,800 feet) provides fantastic growing conditions, currently supporting a highly productive operation yielding crops with very high protein content. Irrigation is facilitated by eight pivots served by six wells, all with certificated or application-approved water rights. The property is offered at $5,050,000 and presents a rare chance to acquire established, high-performing farmland in a desirable location. The address is 2801 Monte Neva Rd, Ely, NV 89301. This fee-simple ownership offers significant potential for continued agricultural success and long-term investment growth.
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
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No recorded transactions found for this property.
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Risks
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