1851 N Walnut Rd Las Vegas, NV 89115
For Sale
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This exceptional 1.93-acre parcel of land presents a remarkable investment opportunity in the desirable Sunrise Manor area of Las Vegas, Nevada. Located at 1851 N Walnut Rd, Las Vegas, NV 89115 (APN 140-19-302-006), this property is zoned RM32 and comes with existing entitlements for the construction of a 48-unit apartment complex. The substantial lot size offers significant development potential, allowing for a variety of residential projects. The asking price is $800,000. This prime location in Clark County provides easy access to major transportation routes, amenities, and a growing residential population. The property's existing entitlements streamline the development process, reducing time and costs associated with obtaining necessary approvals. This is an ideal opportunity for developers seeking a ready-to-build site in a thriving Las Vegas neighborhood. Serious inquiries are encouraged to explore the full potential of this exceptional land offering. The property is classified as residential land and is currently vacant.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.