Improved Land for Sale in Reno, Nevada
5555 Sage Flat Rd, Reno, NV 89510
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 a 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!
Location
- Street address
- 5555 Sage Flat Rd
- County
- Washoe County
- Zip code
- 89510
- Elevation
- 4,314 feet
Property details
- Acreage
- 1,145 acres
- Posted
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 19, 2026 | Price increase | $6,200,000 | $3,220,000 108.1% | Listing agent |
| Sept 19, 2025 | Price drop | $2,980,000 | $2,320,000 -43.8% | Listing agent |
| Feb 15, 2025 | Price drop | $5,300,000 | $1,099,000 -17.2% | Listing agent |
| Dec 31, 2024 | New listing | $6,399,000 | — | Listing agent |
