2340 Postal Dr, Unit A Pahrump, NV 89048-4793
- Commercial real estate
- 5,000 SF
- 0.90 lot acres
Apr 23, 2025
Current Use by Public Records
- Cutting Edge Designs / (Bike/Boat/Book/etc) Store / Printing Service
- Redmond Fencing Llc / General Contractor / Construction Company
- Snowden Designs / General Contractor
- Quality Auto Repair / Auto Repair Shop
Property Details for 2340 Postal Dr
- Year built
- 2005
- Lot size
- 0.90 lot acres
- Property size
- 5,000 SF
- Zone code
- GC
- Property type
- Commercial real estate
- APN
- 035-422-39
- APU
- 3542239
Description
This exceptional 10,000-square-foot industrial property in Pahrump, Nevada, presents a compelling value-add opportunity for investors or owner-users. Located on a 1.05-acre lot at 2340 E Postal Dr, this fee-simple property boasts two single-story buildings, each with four units totaling 10,000 net rentable square feet. Currently 100% occupied with four tenants, the property offers significant upside potential due to three tenants on short-term or month-to-month leases, allowing for immediate rent increases. Built in 2005, the property features four loading docks, four dock-high doors, and ample parking within a secure gated yard. Its convenient location offers direct access to Highway 160, providing excellent visibility and accessibility. The property is zoned General Commercial (GC) in Nye County and benefits from its proximity to downtown Pahrump and its strategic position 60 miles west of Las Vegas, Nevada, within a rapidly growing area experiencing substantial commercial and residential expansion. The asking price is $1,250,000 ($125/sq ft, $312,500/unit), representing a below-market rental rate for the existing tenants, providing a strong foundation for value appreciation. Rent bumps are possible. The property's features and location make it an ideal investment for those seeking immediate income and long-term growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $870,000
- ML approach
- $880,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $1,015,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,155,000
- AI Estimate
- $633,000
Market price range: $438k - $1.16MMarket price range: $206k - $633k
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Location Insight
- Map
- Local Demand
- City
- Pahrump
- County
- Nye
- State
- Nevada
- Longitude
- -115.972
- Latitude
- 36.2039
- CBSA code
- 37220
- CBSA name
- PAHRUMP, NV MICROPOLITAN STATISTICAL AREA