What is the smallest saleable portion of a Nevada subdivision called?

In the context of a Nevada subdivision, the smallest saleable portion is referred to as a "unit." This term is typically used to designate a specific residential or commercial space within a larger development, such as a condominium or townhouse. It reflects an ownership interest that can be bought and sold independently of other units in the development, distinguishing it from other terms that may refer to larger areas or collective segments of land.

In contrast, while "parcel," "lot," and "block" are also terms associated with real estate, they refer to different elements. A "parcel" generally denotes a specific area of land, which may encompass multiple units or lots. A "lot" refers to a defined piece of land that can be built on, but this can also imply a larger area than that of a single unit. A "block" is usually a larger section of a subdivision that contains multiple lots and possibly multiple units, making it larger than the notion of an individual unit. Understanding these distinctions helps clarify why "unit" is the most appropriate term for the smallest saleable portion within a subdivision in Nevada.