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!
RanchProperty Type
1976Year Built
1,144.58 acresLot Size
$5,636Price/Sq.Ft.
2 car garageParking
Listed by Todd Renfrew•DRE #B.1001686• Outdoor Properties of Nevada
The Tehama Holdings Ranch one of the last remaining large parcels of irrigated land with development potential in Washoe County Nevada located in Palomino Valley. Fully operational, producing over 2,000 tons of Alfalfa hay each year comprised of 1,154 deeded acres that includes 2,039.55 acre feet of underground water rights. Property includes a 3 bedroom 2 bath 2 car garage, a 10,800 sqft metal open Hay/Pole barn, 856 sqft shop and a 40 ton truck scale. , Location is key to future growth & this property is located in the Palomino Valley Specific Plan area just 25 minutes from downtown Reno & the Reno/Tahoe International Airport. Just 15 minutes from Pyramid Lake known for its trophy fishing, camping & water sports. Spanish Springs shopping is located a short distance away. Includes APN #077-090-13, 077-090-14, 077-090-15, 077-090-07, 077-340-04, 077-340-05, 077-340-44, 077-340-45, 077-550-08.
Public Records
Dec 4, 2009
Sold
$600,000
$545/sq ft
Public Records
Aug 4, 2003
Sold
$4,274,500
$3,886/sq ft
Public Records
Sep 1, 1988
Sold
$1,500,000
$1,364/sq ft
Public Records
May 1, 1983
Sold
$700,000
$636/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,694 (+8.0%)
$33,266 + $76,353
$109,619
2024
$3,420 (+8.0%)
$29,707 + $78,587
$108,294
2023
$3,167 (+3.0%)
$27,348 + $80,192
$107,540
2022
$3,075 (+8.0%)
$24,129 + $74,500
$98,629
2021
$2,847 (+3.0%)
$21,882 + $64,119
$86,001
2020
$2,764 (+5.0%)
$20,405 + $63,169
$83,574
2019
$2,632 (+3.0%)
$17,852 + $63,996
$81,848
2018
$2,556 (+4.2%)
$17,852 + $64,221
$82,073
2017
$2,453 (+2.6%)
$18,173 + $62,965
$81,138
2016
$2,390 (+0.2%)
$13,844 + $64,438
$78,282
2015
$2,385 (+3.2%)
$10,547 + $66,703
$77,250
2014
$2,311
$9,617 + $58,094
$67,711
Public record
Public record
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
60.18 Acres
Year renovated
1976
Finished Sq. Ft.
1,100
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,100
Year built
1976
Style
Single Family Residential
County
Washoe County
APN
077-090-03
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 8, 2026.
Oct 28, 2016 • Final
Utility
Electrical
Electric meter
Oct 28, 2016 • Final
Residential misc (roof, windows, siding, other)
Install a new layer of composition shingle roofing.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
7/10 Fire Factor
17% chance of being in a wildfire in next 30 years
5/10 Heat Factor
8 days above 94° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Reno, NV • 89510
Average low and high temperatures (°F)
44
24
49
30
58
35
60
36
70
46
82
54
87
59
85
57
77
52
64
40
51
31
47
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 4% for direct sun exposure in Reno. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.9 hrs
7.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5555 Sage Flat Rd
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