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Property profile & analytics
OFF-MARKET
Land

2801 Monte Neva Rd Ely, NV 89301

1079 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1079 ac (47,001,240 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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