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    2275 E Newlands Drive Fernley, NV 89408

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    Claim this Listing
    For Lease
    $46,080 SF/Yr $980,352,000/Mo (calc)

    COMMERCIAL - Fernley, NV

    Property size:
    255,300 SF
    Lot size:
    14.87 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    104
    Last Refresh:
    Apr 26 at 5:06 am

    Property Features for 2275 E Newlands Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    I
    Window features
    Double Pane Windows
    Standard status
    Active
    Size
    255,300 SF
    Lot size
    14.87 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Electric, Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1997
    Floors in Building
    1
    Flooring type
    Concrete, Carpet
    Building materials
    Masonite
    Roof type
    Flat

    We can help!

    Listing Contact
    The Rasner Team

    Listing agent The Rasner Team

    Listing office Reno/Tahoe Realty Group, LLC 521 Gordon Ave., Reno, NV

    Listing date Jan 12, 2026

    MLS# 260000488

    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.

    Overview

    Fernley Warehouse Sublease Opportunity

    This 64,000 square foot space is available for sublease within a 255,300 square foot distribution/manufacturing building constructed in 1997. The property is located in Fernley, Lyon County, Nevada. The unit features six 10'x10' dock-high roll-up doors and one 12'x14' roll-up door. It includes two restrooms and a breakroom with a patio. The zoning is General Industrial, suitable for light industry, trucking and warehousing, service, and repair. The property is situated on a 14.87-acre lot. Adjacent space is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Department Store Kitchen & Bath Showroom Storage Facility Garden Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.1953127
    Latitude
    39.609873

    Nearby Similar for Lease

    • $1,700/Mo

      Commercial Space on Main Street

      960 sqft commercial space in fast-growing Fernley, Nevada.
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    • $1.50 SF/Yr

      Retail Building in Fernley, Nevada

      Retail building featuring 5,786 square feet available for lease.
      0 W Newlands Dr., Fernley, NV
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      Fernley Office Space Available

      Office space available for rent in Fernley, Nevada.
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      Industrial Building in Victory Logistics

      Under construction industrial building with 635,195 SF available for rent.
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      Industrial Building Under Construction

      169,820 SF industrial building under construction in Fernley, Nevada.
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      Fernley Warehouse Space Available

      Available warehouse space in Fernley, Nevada, totaling 105,040 square feet.
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    • $0.60 SF/Yr

      Distribution/Manufacturing Building with Expansion Potential

      Distribution/manufacturing building with ample parking and expansion options available for lease.
      2275 E Newlands Dr, Fernley, NV
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    • $13 SF/Yr

      Fernley Flex/Industrial Space Available

      Flex/industrial space available for lease in Fernley, Nevada.
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    • $15 SF/Yr

      Fernley Office Space Available

      Office space available for lease in Fernley, Nevada.
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      View Details

    FAQs

    What type of property is this?
    Distribution property - 64,000 SF warehouse sublease in Fernley with dock doors.
    Where is this distribution property located?
    The property is located at 2275 E Newlands Drive Fernley, NV.
    What is the lease rate?
    The lease rate is $46,080.
    What are key features of this property?
    This property features: 64,000 SF Available for Sublease; Features six 10'x10' dock high roll‑up doors; Includes one 12'x14' roll‑up door
    (775) 473-8899
    We can help!
    Listing Contact
    The Rasner Team
    Learn More
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    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
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