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5555 Sage Flat RD, Reno, NV 89510

Reno, NV 89510

$6,200,000

Beds: 3
Baths: 2
Sqft: 1,100
Lot: 1144.58 ac
Built: 1976
Type: Vacant Land
Status: Active
MLS #: 1154639543

About this home

The 1,144.58 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 mixed hay production at its heart with 330 ± irrigated acres under one Zimmatic and one Valley pivot, coupled with 46.25 acres under wheel line irrigation. With repair of one of the ag wells, there is future capability for one Zimmatic pivot to provide an additional 135 ± acres of pivot irrigation. The hay crop is bolstered by 2,039.55 acre feet of underground water rights, three 600+ ft. ag wells, and three 150 HP pumps for each. Additionally, there are approximately 633.33 ± acres of rangeland to boot. Adding another potential income-producing facet to Palomino Farms are the 18.77 ± acres of General Commercial (GC) zoning with direct exposure on Pyramid Highway (Hwy 445). With its excellent highway location, this acreage opens the door to the development of a variety of business possibilities including: retail and shopping, automotive services, food and hospitality, or professional and personal service related businesses all with limited gaming allowed. This commercial acreage offers an opportunity to diversify the property and potentially create an additional source of income, complementing the farm operations. Together, the productive agricultural land, substantial water resources, rangeland, and strategically located commercial acreage make Palomino Farms a truly versatile property with multiple avenues for continued operation and future potential. The 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!

Price history

Dec 2, 2024	Listed	$2,980,000
Sep 19, 2026	Price increase	$6,200,000

History since this listing entered our feed; earlier changes may not be shown.

Listing courtesy of Outdoor Properties of Nevada · Todd Renfrew

Jerry Andrew Watkins III · Licensed Real Estate Salesperson · NV License S.0205838 · Epique Realty

Biggest Little Realty is the personal website of Jerry Andrew Watkins III, a licensed real estate salesperson in Nevada (NV license S.0205838) with Epique Realty, 460 E Plumb Ln, Reno, NV 89502. Jerry is licensed in Nevada; content about California communities is general information only. Nothing on this site is legal, tax, lending, or investment advice — those questions belong with the appropriately licensed professional. Market figures are aggregate statistics, provided for information only. Equal Housing Opportunity.