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5555 Sage Flat Road, Reno, NV 89510

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For Sale

$5,300,000

3 beds • 2 baths • 1,100 sqft

Estimated Payment

$ 27,529 /mo. †

6.76% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • $4,818.18
    Price per square foot

Explore this Property

The *875-acre* Palomino Farms stands as a cherished agricultural hallmark of the Palomino Valley. It is located just a 8-minute drive to Sparks, NV and a 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 5.25 tons per acre of high-quality alfalfa. The crop is bolstered by 1,266 + acre feet of underground water rights, two 600+ ft. ag wells, and two 150 HP pumps for each. Additionally, there are approximately 450 acres of rangeland to boot. Palomino Farms has been on the cutting edge of innovative and sustainable water solutions in an ever-changing world through OneWater Nevada Initiative, a collaboration with the University of Nevada, Reno, City of Reno, City of Sparks, Washoe County, and the Truckee Meadows Water Authority. This promising initiative would pipe recycled water from nearby northern Nevada urban communities, significantly reducing the need for groundwater pumping on the farm. Additionally, extensive research and testing have confirmed an opportunity for a massive volume of Truckee River water to be stored in a large underground aquifer beneath Palomino Farms. Home Sweet Home is a comfortable 1,100 sq. ft. updated three-bedroom, two-bath home with a lawn. It includes 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 is extremely rare to find such a productive alfalfa farm with enviable water rights and buildable lots in Washoe County. Discover the endless opportunities with Palomino Farms! PROPERTY HIGHLIGHTS: Investment Opportunity! *875-acre* agricultural property in Palomino Valley, NV 8-minute drive to Sparks & 30-minute drive from Reno High-quality alfalfa and grass hay production 220.60 irrigated acres under center-pivot irrigation 46.25 irrigated acres under wheel line & mainline irrigation Approximately 3.55 to 4.3 ton per acre of alfalfa yield 1,266+ acre-feet of underground water rights Two 600+ ft. agricultural wells 450 acres of rangeland Participation in the OneWater Nevada Initiative Potential for recycled water from Northern NV urban communities to be used for irrigation Reduced reliance on groundwater pumping 1,100 sq. ft. 3-bedroom, 2-bathroom home Pole hay barn, equipment shed, shop, and outbuildings Productive alfalfa farm with valuable water rights Potential for development in Washoe County
MLS# 240014982

Courtesy Of Outdoor Properties of Nevada - Vacaville

(775) 455-0225

Property Features

  • Architecture Style
    Other
  • Lot Size
    875 Acres

Map and Directions

Directions to 5555 Sage Flat Road, Reno, NV 89510

Home seller CENTURY 21 Americana

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CENTURY 21 Americana

(702) 296-9999
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $27,529
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $27,529

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Alyce Savage Taylor Elementary School

Grades KG-5 Public School

Sparks, NV 89441 10.8 miles
252 egyptian dr

430 total students
13:1 Student teacher ratio

School Rating: A-

School Details

Yvonne Shaw Middle School

Grades 6-8 Public School

Sparks, NV 89441 11.3 miles
600 eagle canyon dr

766 total students
16:1 Student teacher ratio

School Rating: B-

School Details

Spanish Springs High School

Grades 9-12 Public School

Sparks, NV 89441 11.3 miles
1065 eagle canyon dr

2595 total students
21:1 Student teacher ratio

School Rating: B+

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Reno, NV 89510

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Reno, NV 89510

This community’s employment is highest in the transportation and administrative support industries. The area’s overall household expenses are below the national average.

88° July
Hottest Average Month
21° January
Coldest Average Month
1,452 Total Households in Area
2% Increase in population since the year 2010
21.8%
of households
have children
33 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Reno, NV 89510

Reno, NV 89510 has a population of 4,074 people in 1,452 households with a median age of 44.5 years old.

2%
Increase in population
since the year 2010
Population is Trending up
1,425
Total households as of 2010
4.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44.5 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 44%
Native American 42%
Hispanic 10%
Other 3%
Asian 1%
Black <1%
The most prevalent ethnicity is White at 44%, followed by Native American at 42%, Hispanic at 10%, and Other at 3%.

Economics
for Reno, NV 89510

3 /sq mi
Population Density
$60,011 /yr
Median Household Income
$323,000
Median Sales Price
33 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 20.16% of the households.

Transportation to Work

  • Drive 87%
  • Work from Home 9%
  • Walk or Bike 4%
  • Public Transit 0%

Occupancy by Type

Owned 1,200 75%
Rented 252 16%
Vacant 153 10%

White vs Blue Collar Jobs







White Collar 57%
Blue Collar 43%

Family & Education Facts
for Reno, NV 89510

44.5 Median Age

Average Household Size

2.8
persons per
household

46.3%

Married Households

Community Population By Education

High School Graduate 33%
Some College 29%
Bachelors Degree 11%
Some High School 11%
Associates Degree 9%
Graduate Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 33.35% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
21.8% of households have children

Weather
for Reno, NV 89510

The weather for this area ranges from a high of 88° F in July to a low of 21° F in January

88° July
Hottest Average Month
21° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
21°
42°
Feb
25°
46°
Mar
28°
52°
Apr
33°
60°
May
40°
69°
Jun
48°
78°
Jul
54°
88°
Aug
53°
86°
Sep
45°
78°
Oct
37°
66°
Nov
28°
51°
Dec
22°
43°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 LandLeader. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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