Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    280 Lexis Ln Pahrump, NV 89048-7106
    Back to Search
    Property profile & analytics

    280 Lexis Ln, Pahrump, NV 89048-7106

    View on Map
    • Apartment buildings
    • 2.30 lot acres
    Off-Market
    Last Sale Mar 23, 2022
    $20,000
    Property ID
    US62-0392602
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 280 Lexis Ln

    Lot size
    2.30 lot acres
    Zone code
    RE-2
    Property type
    Apartment buildings
    APN
    035-472-05
    APU
    3547205

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 23, 2022 $20,000 Michael J Lucas Irene K Laverty Bargain And Sale Deed —
    Mar 10, 2006 — Laverty Irene K Family Trust Laverty,irene F Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pahrump
    County
    Nye
    State
    Nevada
    Longitude
    -116.019
    Latitude
    36.1734
    CBSA code
    37220
    CBSA name
    PAHRUMP, NV MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $418
    $5,475
    $10,815
    $16,290
    -
    $15,643
    $30,901
    $46,544

    Comparable in this City

    • Value Estimation by Request
      2,570 SF

      621 San Lorenzo St, Unit A

      APARTMENT HOUSE (5+ UNITS)
      621 San Lorenzo St, Pahrump, NV 89048-2742
      View Details
    • Value Estimation by Request
      5,147 SF

      1800 Ambush St

      APARTMENT HOUSE (5+ UNITS)
      1800 Ambush St, Pahrump, NV 89048-6285
      View Details
    • Value Estimation
      $930,000
      7,116 SF

      630 San Lorenzo St

      APARTMENT HOUSE (5+ UNITS)
      630 San Lorenzo St, Pahrump, NV 89048-6186
      View Details
    • Value Estimation by Request
      4.86 Acres

      835 Linda St

      APARTMENT HOUSE (5+ UNITS)
      835 Linda St, Pahrump, NV 89048-0824
      View Details
    • Value Estimation
      $6,900,000
      51,878 SF

      931 Honeysuckle St

      APARTMENT HOUSE (5+ UNITS)
      931 Honeysuckle St, Pahrump, NV 89048-6934
      View Details
    • Value Estimation by Request
      2,726 SF

      1821 Calvada Blvd, Unit 1

      APARTMENT HOUSE (5+ UNITS)
      1821 Calvada Blvd, Pahrump, NV 89048-5816
      View Details

    Similar Nearby for Sale

    • $799,900
      3,376 SF

      New Multifamily Property in Pahrump

      New four-unit multifamily property featuring modern amenities in Pahrump, Nevada.
      660 San Lorenzo St, Pahrump, NV 89048
      View Details
    • $700,000
      4,310 SF

      Pahrump Fourplex: Fully Rented Investment

      Fully rented fourplex in Pahrump, NV, with mountain views.
      1444 Star Rd, Pahrump, NV 89048
      View Details
    • $759,999
      4,480 SF

      New Fourplex Investment Opportunity

      New construction fourplex in Pahrump, NV, completion by Nov 2025.
      1881 Big Horn St, Pahrump, NV 89048
      View Details
    • $739,900
      Pending

      New Pahrump Fourplex For Sale

      New fourplex in Pahrump, each unit with three bedrooms.
      461 Comstock St, Pahrump, NV 89048
      View Details
    • $749,900
      Pending

      New Pahrump Fourplex with Warranty

      New fourplex in Pahrump, each unit with 3 beds/2 baths.
      1060 Hall Ave, Pahrump, NV 89048
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      Spacious Three-Bedroom Apartment For Rent

      Three-bedroom, two-bathroom apartment with included utilities and appliances.
      1835 E Calvada Blvd, Pahrump, NV 89048
      View Details
    • $1.50 SF/Yr

      Pahrump Office and Retail Building

      Office and retail building with fenced yard in Pahrump.
      2341 East Postal Dr, Pahrump, NV 89048
      View Details
    • Contact for pricing

      Prime Retail Center Near Racetrack

      Highly visible retail center near Spring Mountain Motor Resort.
      3610 Nv-160, Pahrump, NV 89048
      View Details
    • Contact for pricing

      Pahrump Nevada Commercial Opportunity

      Commercial spaces available adjacent to Spring Mountain Motor Resort.
      4639 S Nevada Hwy 160, Pahrump, NV 89048
      View Details
    • Contact for pricing

      Pahrump Warehouse with Office Space

      Warehouse with office space available for lease in Pahrump.
      800 S Margaret St, Pahrump, NV 89048
      View Details
    • $1.50 SF/Yr

      Pahrump Office and Retail Building

      Office and retail building with fenced yard in Pahrump.
      2341 East Postal Dr, Pahrump, NV 89048
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    280 Lexis Ln
    Pahrump, NV 89048-7106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    280 Lexis Ln, Pahrump, NV, 89048
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!