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5555 Sage Flat Rd
Reno, NV 89510
Palomino Farms · Land For Sale
·
710.97 AC
INVESTMENT HIGHLIGHTS
- Potential for recycled water from Northern NV urban communities to be used for irrigation
- 1,100 sq. ft. 3-bedroom, 2-bathroom home
- Productive alfalfa farm with valuable water rights
- Reduced reliance on groundwater pumping
- Pole hay barn, equipment shed, shop, and outbuildings
- Potential for development in Washoe County
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 710.97 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Residential | ||
| Zoning | PSP 2% / L | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 710.97 AC |
| No. Stories | 1 |
| Zoning | PSP 2% / L |
1 LOT AVAILABLE
Lot
| Price | $2,980,000 | Lot Size | 710.97 AC |
| Price Per AC | $4,191.46 |
| Price | $2,980,000 |
| Price Per AC | $4,191.46 |
| Lot Size | 710.97 AC |
DESCRIPTION
The *710.97* acre Palomino Farms stands as a cherished agricultural hallmark of the Palomino Valley, located just a 8-minute drive north of Sparks, NV and 30-minute drive to Reno, NV, one of the fastest-growing metropolitan regions in the United States. Palomino Farms is a multifaceted and innovative farm with high-quality alfalfa and alfalfa orchard grass mix production at its heart. 220.60 ± irrigated acres under one Zimmatic and one Valley pivot, coupled with 46.25 acres under wheel line irrigation, produces approximately 4.2 to 5.35 tons per acre of alfalfa orchard grass mix and 3.55 to 4.3 tons per acre of high-quality alfalfa. There is future capability for the one Zimmatic pivot to provide an additional 49.4 acres of pivot irrigation. The crop is bolstered by 1,268.15 acre feet of underground water rights, two 600+ ft. ag wells, and two 150 HP pumps for each. Additionally, there are approximately 394.72 ± acres of rangeland to boot. Home sweet home is a comfortable 1,100 sq. ft. updated three bedroom, two bath home with lawn, including a large kitchen with stainless steel appliances, and a cozy living room. Ranch infrastructure includes a pole hay barn, equipment shed, shop, and outbuildings. It’s extremely rare to find such a productive alfalfa farm with enviable water rights and buildable lots in Washoe County. Come discover the endless opportunities with Palomino Farms!
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $24,626 | |
| Land Assessment | $176,149 | Total Assessment | $200,775 |
PROPERTY TAXES
