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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Industrial properties
4767 Nevada Hwy 160 Pahrump, NV 89048-6980
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0843873
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
7,236 SF
Lot
280.67 ac (12,225,985 SF)
Zoning code
SO
APN
027-741-25
UPID
US62-0843873
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
$595k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$850k
Owner & transaction history
Mark B Evenstad · 9 yrs held
Mark B Evenstad
since 2016
7 recorded transactions
Zoning & alternative use
SO · Pahrump, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$695,000
+29.2%
Commercial (general)
$595,000
+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
by Request
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$540,000
Current use
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$117 / 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
$163,594
Tax year 2024
Assessed value
$4,814,862
Assessed 2024
Previous assessed
$4,475,385
+7.6% YoY
Effective rate
3.40%
On assessed value
Assessed land
$495,719
Assessed improvement
$4,319,143
Land market value
$1,416,339
Improvement market value
$12,340,409
Total market value
$13,756,748
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
2007
Heating
YES
Cooling
YES
Buildings
12
Stories
1
Total area
7,236 SF
Lot
280.67 ac (12,225,985 SF)
Zoning code
SO
APN
027-741-25
UPID
US62-0843873
Jurisdiction
NYE
Zoning & alternative use
SO · Pahrump, NV
Zoning SO · permitted uses
SO · 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
$540,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$595,000
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
2007
Heating
YES
Cooling
Yes
Stories
1
Buildings
12
Lot
280.67 ac
Current owner
From public records · entity-resolved
Mark B Evenstad
Individual
Free & Clear · 9 yrs held
Mailing address
3601 S NEVADA HWY 160, PAHRUMP, NV 89048-4826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
—
Spring Mountain Raceway LLC
—
Deed
related
$9,500,000 · U S Bank N A
Oct 7, 2016
—
Spring Mountain Raceway LLC
—
Deed
related
$15,000,000 · Us Bk
Sep 12, 2016
—
Mark B Evenstad
Evenstad,shannon M
Quit Claim Deed
related
—
Jun 25, 2012
$340,000
Spring Mountain Raceway LLC
United States Of America
Grant Deed
—
Dec 16, 2011
—
Spring Mountain Raceway LLC
—
Loan Modification
related
$9,000,000 · Nevada St Bk
Jul 16, 2009
$3,248,091
Spring Mountain Coml LLC
Spring Mountain Raceway LLC
Grant Deed
related
—
Jan 16, 2009
—
Spring Mountain Raceway LLC
—
Grant Deed
related
$5,000,000 · Nevada St Bk
—
—
Spring Mountain Raceway LLC
—
Deed Of Trust
related
$15,000,000 · Us Bk
—
—
Spring Mountain Raceway LLC
—
Deed Of Trust
related
$3,000,000 · Meadows Bk
—
—
Spring Mountain Raceway LLC
—
Loan Modification
related
$7,000,000 · Nevada St Bk
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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