Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land for Executive Homes Title is generated by Realmo AI

    113-123 Sario Drive, Fernley, NV 89408

    View on Map
    Claim this Listing
    For Sale
    $573,000

    LAND - Fernley, NV

    Lot size:
    0.30 Acres
    Added:
    Mar 4, 2024
    Days on Market:
    796
    Last Refresh:
    May 9 at 12:06 pm

    Property Features for 113-123 Sario Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SF12
    Standard status
    Active
    APN
    020-622-01
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    673

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Erika Cutler

    Listing agent Erika Cutler License #B.1002343

    Listing office Skyline Realty, Inc. 125 E Main Street, FERNLEY, NV

    Listing date Mar 4, 2024

    MLS# 240002194 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Includes 6 buildable lots perfect for executive homes.
    • All utilities are available for ease of development.
    • Water rights are dedicated to the city of Fernley.
    • Benefit from a reliable public water source.
    • Public sewer connection available.
    • Invest in a growing market with high housing demand.

    Overview

    The property comprises six lots, each intended for the construction of executive homes. All utilities are available, including water rights dedicated to the city of Fernley. The location is in Fernley, Nevada.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.2529274
    Latitude
    39.586521

    Nearby Similar for Sale

    • $2,000,000
      14,812 SF

      Fernley Retail Investment Opportunity

      Retail plaza in Fernley's growing downtown corridor for sale.
      460 W Main Street, Fernley, NV 89408
      View Details
    • $1,775,000
      6,075 SF

      Mixed-Use Property on Main Street

      Multi-parcel property with mixed usage in Fernley, Nevada.
      280 E Main Street, Fernley, NV 89408
      View Details
    • $399,000
      2,632 SF

      Fernley Fourplex: Investment Opportunity

      Four-unit property in Fernley near schools, shopping, and freeway.
      180 Hardie Lane, Fernley, NV 89408
      View Details
    • $300,000

      Expansive Vacant Land in Fernley

      40-acre parcel with development potential in Fernley Highlands.
      97 Alpine Drive, Fernley, NV 89408
      View Details
    • $300,000

      Expansive Vacant Land in Fernley

      40-acre parcel with development potential in Fernley Highlands area.
      98 Alpine Drive, Fernley, NV 89408
      View Details
    • $64,900

      Corner Lot in Growing Area

      Prime corner lot in established Fernley neighborhood, ideal for building.
      1331 Nevada Pacific Boulevard, Fernley, NV 89408
      View Details
    • $399,000

      Fernley Land Development Opportunity

      Partially entitled Fernley lots ready for development.
      Browne & Meadows Lane, Fernley, NV 89408
      View Details
    • $190,000

      54.55 Acre Lot Near Highway

      54.55 acre lot with views near Lake Lahontan.
      Hwy 95A, Fernley, NV 89408
      View Details
    • $90,000

      Fernley Land with Elevated Views

      Vacant land with panoramic views and easy access to amenities.
      755 Janet Lane, Fernley, NV 89408
      View Details
    • $5,482,026

      Prime Commercial Land in Fernley

      8.39 acres of C-2 land with highway frontage.
      Nevada Pacific Boulevard, Fernley, NV 89408
      View Details
    • $119,000

      Expansive Land Parcel in Fernley

      10-acre build-ready land near Fernley Golf Course.
      1945 Gustafson Street, Fernley, NV 89408
      View Details
    • $499,900

      Spacious Land Parcel in Fernley

      47.23-acre parcel with subdivision potential in desirable location.
      750 Mull Lane, Fernley, NV 89408
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Six lots suitable for building executive homes in Fernley, Nevada.
    Where is this residential land & home lot located?
    The property is located at 113-123 Sario Drive Fernley, NV.
    What is the asking price?
    The asking price for this property is $573,000.
    What are key features of this property?
    This property features: Includes 6 buildable lots perfect for executive homes.; All utilities are available for ease of development.; Water rights are dedicated to the city of Fernley.
    (775) 745-4884
    We can help!
    Listing Contact
    Erika Cutler
    Real Estate License ID: B.1002343
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    113-123 Sario Drive, Fernley, NV 89408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!