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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Office Spaces
771 Nevada Hwy 160 Pahrump, NV 89048
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0373821
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
33,120 SF
Lot
3.13 ac (136,430 SF)
Zoning code
GC
APN
038-283-13
UPID
US62-0373821
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$3.98M
Owner & transaction history
Herbst Family LP · 14 yrs held
Herbst Family LP
since 2012
7 recorded transactions
Zoning & alternative use
GC · Pahrump, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±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
$120 / 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
$42,792
Tax year 2024
Assessed value
$1,464,879
Assessed 2024
Previous assessed
$1,385,702
+5.7% YoY
Effective rate
2.92%
On assessed value
Assessed land
$179,998
Assessed improvement
$1,284,881
Land market value
$514,279
Improvement market value
$3,671,089
Total market value
$4,185,368
Applied tax rate
62.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
33,120 SF
Lot
3.13 ac (136,430 SF)
Zoning code
GC
APN
038-283-13
UPID
US62-0373821
Jurisdiction
NYE
Zoning & alternative use
GC · Pahrump, NV
Zoning GC · permitted uses
GC · 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.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.13 ac
Current owner
From public records · entity-resolved
Herbst Family LP
Entity
Mailing address
5195 LAS VEGAS BLVD S, LAS VEGAS, NV 89119-3209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
The Herbst Family Limited Partnersh
—
Deed
related
$305,000,000 · Capital One NA
Jun 3, 2024
—
Herbst Family Limited Partnership
—
Deed
related
$3,500,000 · Joan Morris Seperate Property Trust
Jun 26, 2020
—
Herbst Family LP
—
Deed
related
$2,500,000 · Bluewaters Family LP
Feb 26, 2013
—
Golden Pahrump Town LLC
—
Deed Of Trust
related
$95,000,000 · Abc Funding Co
Jul 2, 2012
—
Herbst Family LP
Herbst Family LP
Quit Claim Deed
$1,100,000 · Meadows Bank
Mar 2, 2012
—
Golden Pahrump Town LLC
—
Deed Of Trust
related
$850,000,000 · Abc Funding Co
Mar 1, 2012
—
Golden Pahrump Nugget LLC
—
Deed Of Trust
related
$110,000,000 · Wilmington Trust Co
May 2, 2011
—
Flamingo Paradise Gaming LLC
—
Deed Of Trust
related
$350,000,000 · Wilmington Trust Co
Jan 5, 2007
—
E-t-t INC
—
Deed Of Trust
related
$250,000,000 · Bank Of America
Feb 1, 2005
—
E-t-t INC
—
Deed Of Trust
related
$275,000,000 · Bank Of America
Jun 18, 2004
—
E-t-t INC
—
Deed Of Trust
related
$40,000,000 · Bank Of America
—
—
Herbst Family LP
—
Deed Of Trust
related
$2,000,000 · Higgins Kevin J & M Tr (pt)
—
—
Golden Pahrump Town LLC
—
Deed Of Trust
related
$160,000,000 · Capital One NA
—
—
Golden Pahrump Town LLC
—
Deed Of Trust
related
$85,000,000 · Onewest Bank Fsb
—
—
Golden Pahrump Town LLC
—
Deed Of Trust
related
$105,000 · Abc Funding Co
—
—
Herbst Family LP
—
Deed Of Trust
related
$2,500,000 · Bluewaters Family LP
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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