Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2705 Schurz Fallon, NV 89406

    View on Map
    For Sale
    $360,000

    COMMERCIAL - Fallon, NV

    Type:Office
    Property size:
    2,878 SF
    Lot size:
    0.66 Acres
    Added:
    Mar 18, 2025
    Days on Market:
    384
    Last Refresh:
    Apr 5 at 8:06 am

    Property Features for 2705 Schurz

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    A-5
    Parking
    20
    Window features
    Double Pane Windows
    Fencing
    Fenced
    Standard status
    Active
    APN
    006-731-04
    Size
    2,878 SF
    Lot size
    0.66 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Well, Private

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Tile, Carpet
    Building materials
    Frame, Stucco, Wood Siding

    We can help!

    Listing Contact
    Merlene Ward

    Listing agent Merlene Ward License #S.176420

    Listing office Sierra Nevada Properties-Fallo 945 W WIlliams, Reno, NV

    Listing date Mar 18, 2025

    MLS# 250003379

    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

    Fallon Church with Development Potential

    This property, currently occupied by Gospel Light Baptist Church in Fallon, Nevada, presents diverse opportunities, including residential use. The property includes outbuildings and is zoned A-5, with a commercial land use designation. Spanning 2878 square feet, the property sits on a 0.66-acre lot. Prospective buyers are advised to consult with the planning department to confirm approval for their intended use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gospel Light Baptist ... Church

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Kitchen & Bath Showroom Storage Facility Garden Center Grocery & Convenience Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fallon
    County
    Churchill
    State
    Nevada
    Longitude
    -118.7808879
    Latitude
    39.4492913

    Nearby Similar for Sale

    • $550,000
      3,992 SF

      Versatile Commercial Building in Fallon

      Remodeled commercial building with flexible layout and infrastructure upgrades.
      735 S Taylor Street, Fallon, NV 89406
      View Details
    • $950,000
      3,800 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage and multiple structures in Fallon, NV.
      5040-5030 Reno Highway, Fallon, NV 89406
      View Details
    • $405,000
      1,776 SF

      Fallon Multifamily Investment Opportunity

      Two-unit property in Fallon, tenant-occupied, generating monthly income.
      360 & 360 1/2 W Virginia Street, Fallon, NV 89406
      View Details
    • $1,200,000
      7,000 SF

      Fallon Office Building For Sale

      7,000 sqft office building with long-term tenant in place.
      111 Industrial Way, Fallon, NV, 89406-3116
      View Details
    • Contact for pricing
      3,336 SF

      Commercial Building in Fallon, Nevada

      3,336 SF commercial building on 0.89 AC for sale.
      1110 W Williams Ave, Fallon, NV
      View Details
    • $1,325,000

      Value-Add Mini Storage Opportunity

      Mini storage facility with potential for increased operational performance.
      601 Gummow Dr, Fallon, NV 89406
      View Details
    • $280,000
      3,789 SF

      Versatile Fallon Property for Sale

      3,789 sq ft property ideal for commercial or residential conversion.
      406 S Maine St, Fallon, NV, 89406-3342
      View Details
    • $1,200,000
      7,000 SF

      Fallon Office Building For Sale

      7,000 SF office building with long-term tenant.
      111 Industrial Way, Fallon, NV 89406
      View Details
    • $1,200,000
      7,000 SF

      7000 Sqft Office Building

      Office building with a long-term tenant in place.
      111 Industrial Way, Fallon, NV 89406
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Church property in Fallon, Nevada, offering diverse redevelopment possibilities.
    Where is this church & religious facility located?
    The property is located at 2705 Schurz Fallon, NV.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Great potential for residential or commercial use (buyer to verify with planning department).; Zoning is A‑5.; Outbuildings included in sale.
    (775) 223-7936
    We can help!
    Listing Contact
    Merlene Ward
    Real Estate License ID: S.176420
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!