21 Frontage RdPahrump, NV 89048

Property Details for 21 Frontage Rd

Year built

1990

Construction

METAL FRAME

Lot size

0.33 AC

Property size (Sq ft)

864 SF

Zone code

GC

Property type

Commercial real estate

APN

038-234-30

APU

3823430

Description

This exceptional redevelopment opportunity presents a 0.33-acre lot in Pahrump, Nevada, ideally suited for a variety of commercial ventures. The existing 864-square-foot retail building, constructed in 1990, sits on a commercially zoned parcel at 21 S Frontage Rd, 89048, and boasts 100% occupancy under a triple-net (NNN) lease. The property offers a compelling 1.00% capitalization rate and is currently priced at $699,000. Its prime location and existing structure make it an attractive investment for those seeking a high-yield, single-tenancy retail asset with significant redevelopment potential. The property's size and zoning provide flexibility for various commercial uses, making it an ideal platform for expansion or repositioning within the thriving Pahrump market. This is a rare chance to acquire a well-located, income-producing property with substantial upside potential in a growing Nevada community. The property's current configuration and strong occupancy rate provide immediate cash flow, while the redevelopment potential allows for long-term value appreciation. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $323,248

  6.5%

  $298,383

  7%

  $277,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $173,102

  Geo Method

  $173,102

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $562,754

  Retail / Commercial

  $293,412

  Mixed-Use / Specialty

  $296,175

  Hospitality / Lodging

  $222,254

  Office

  $298,383

  Institutional / Educational

  $309,264

  Residential Income

  $361,839

  Multifamily

  $412,852

  Automotive / Energy

  $265,083

  Parking / Income-Based Land

  $87,713.50

  Restaurant / Food Service

  $162,173

  Healthcare / Senior Housing

  $299,815

Location Insight

City

Pahrump

County

Nye

State

Nevada

Latitude

36.2193

Longitude

-115.993

CBSA code

37220

CBSA name

PAHRUMP, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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