C1 Storefront
For Sale
$175,000
70 E Main Street, Fernley, NV 89408
Commercial Sale, Fernley, NV
Property Size960 SF
Lot Size0.16 Acres
Price / SF$182.29
Days on Market714
Property Features for 70 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking
2
Parking features
Alley
Window features
Single Pane Window(s), Double Pane Windows, Vinyl Frames, Wood Frames
Subdivision
Miller & Pray Addition
Directions
Hwy 95A
Standard status
Active
APN
020-021-04
Size
960 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1437
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Flooring type
Wood
Building materials
Frame, Wood Siding
Roof type
Wood, Shake
Listing Agency:
Keller Williams Group One Inc. · Keller Williams Realty
(775) 336-3800
Listed By:
Alexandria Brown · License #S.192918
(775) 815-3364
Added: Oct 11, 2024
Changed: Sep 12
Last Checked: Sep 24 at 6:06PM
MLS# 240013147
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.
Investment Insights
Based on property information with market context.
This 960-square-foot storefront property is a wood-framed commercial building constructed in 1940. The structure features wood siding, wood flooring, and a wood and shake roof, with alley parking access. The property is being offered in its existing condition and has been used by a tenant for a Halloween Haunt; the lease is scheduled to end December 1, 2024.
Located at 70 E Main Street in Fernley, the property is zoned C1 and sits on a 0.16-acre lot. Public water and public sewer serve the site, with water available. The building’s compact footprint and storefront configuration provide a straightforward commercial setting within the city’s Main Street area.
Located at 70 E Main Street in Fernley, the property is zoned C1 and sits on a 0.16-acre lot. Public water and public sewer serve the site, with water available. The building’s compact footprint and storefront configuration provide a straightforward commercial setting within the city’s Main Street area.
Key Highlights
- 960 square feet of storefront space on a 0.16‑acre lot
- C1 zoning
- Wood‑frame construction with wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,960
$243.0K
Cap Rate 7%
$173,543
$173.5K
Cap Rate 9%
$134,978
$135.0K
Market Conditions
NOI Build-Up for 960 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.0K $19.80/SF
− Vacancy
−$1.7K −$1.72/SF
EGI
$17.4K $18.08/SF
− OpEx
−$5.2K −$5.42/SF
NOI
$12.1K $12.65/SF
Area
Lyon County, NV
Vacancy
8.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,960
Cap Rate 7%
$173,543
Cap Rate 9%
$134,978
Alternative Uses
Best Use
Retail
$173.5K
$151.9K – $202.5K
NOI $12,148 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.9K
$258.9K – $345.2K
NOI $20,710 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
Family Dollar
Shops & Services
6,639 visits/mo
0.2 miles
SUBWAY
Dining
1,593 visits/mo
0.4 miles
H&R Block
Shops & Services
1,037 visits/mo
0.4 miles
Demographics for 89408, NV
23,201
Population
9,039
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
91%
High-School Grad
464.1 sq mi
ZIP Area
50
Density / Sq Mi
$87,723
Median Household Income
$46,808
Median Earnings
$1,504
Median Rent
$352,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Fernley Floral Custom Creations — 170 W Main St, Fernley, NV 89408
- Fernley Flowers and more — 170a W Main St, Fernley, NV 89408
Frequently Asked Questions
What type of property is this?
Storefront property - Wood-framed commercial space with public water and sewer service, offered in its existing condition.
Where is this storefront property located?
The property is located at 70 E Main Street Fernley, NV.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 960 square feet of storefront space on a 0.16‑acre lot; C1 zoning; Wood‑frame construction with wood siding
