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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Industrial properties
1340 Nevada Hwy 372 Pahrump, NV 89048-4231
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-1087510
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
FRAME
Total area
5,000 SF
Lot
3.69 ac (160,606 SF)
Zoning code
HI
APN
036-381-02
UPID
US62-1087510
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
AI Approach
AI
$550k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$475k
Blend (final)
Blend
$550k
Owner & transaction history
Undergrnd Management Nevada LLC · 2 yrs held
Undergrnd Management Nevada LLC
since 2024
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
HI · Pahrump, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$480,000
+29.2%
Commercial (general)
$415,000
+10.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pahrump submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pahrump submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$370,000
Current use
APARTMENT HOUSE (5+ UNITS)
$480,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$415,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Mar 26 2024)
Last sale anchor
$550k
Mar 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,441
Tax year 2024
Assessed value
$225,126
Assessed 2024
Previous assessed
$211,240
+6.6% YoY
Effective rate
2.42%
On assessed value
Assessed land
$21,217
Assessed improvement
$203,909
Land market value
$60,621
Improvement market value
$582,597
Total market value
$643,218
Applied tax rate
63.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,000 SF
Lot
3.69 ac (160,606 SF)
Zoning code
HI
APN
036-381-02
UPID
US62-1087510
Jurisdiction
NYE
Zoning & alternative use
HI · Pahrump, NV
Zoning HI · permitted uses
HI · Pahrump, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pahrump. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$370,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$415,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
3.69 ac
Current owner
From public records · entity-resolved
Undergrnd Management Nevada LLC
Entity
Mailing address
56925 YUCCA TRL #501, YUCCA VALLEY, CA 92284-7913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
$550,000
Undergrnd Management Nevada LLC
Michael D Tooley
Bargain And Sale Deed
$350,000 · Stephen E And Kathleen B Jensen Liv
Aug 8, 2011
—
Tooley Family Trust
Tooley,evelyn
Quit Claim Deed
related
$25,000 · Rogers Family Trust (pt)
Apr 7, 2010
—
Tooley Family Trust
Tooley,evelyn
Quit Claim Deed
related
$25,000 · Rogers Family Trust (pt)
Feb 19, 2010
—
Evelyn Tooley
Treasurer & Trustee Of Nye Cnty
Grant Deed
related
—
Feb 5, 2010
$445,360
Evelyn Tooley
C & H Trust Deed Service
Trustees Deed
related
—
Aug 30, 2004
$650,000
Acme Framing Components LLC
Tooley,jack W & Evelyn
Grant Deed
$500,000 · Jack W & Evelyn Tooley
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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