Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Sea Biscuit Dr Fernley, NV 89408

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,650,000

    520 acres of land suitable for residential or renewable energy.

    Property size:
    520 SF
    Lot size:
    520.28 Acres

    Property Features for Sea Biscuit Dr

    General Information

    Size
    520 SF
    Lot size
    520.28 Acres

    We can help!

    Listing Contact
    Heidi Chisholm
    Source: Corfac

    Listing Agent: Heidi Chisholm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    520 Acres in Fernley, Nevada

    This offering consists of 520.28 acres of land located in Fernley, Nevada. The property is zoned RR1, which allows for the potential development of 520 homes without rezoning. Cluster development is also a possibility. The zoning also permits renewable energy production. The land is situated adjacent to the BC Ranch Subdivision and the Tahoe Reno Industrial Center - Phase II, placing it within a rapidly growing area.
    Location Intelligence

    Current Use by Public Records

    Solar farms

    Map

    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.27913
    Latitude
    39.595611

    Nearby Similar for Sale

    • $1,900,000
      10,104 SF

      Fernley Professional Office/Medical Retail Building

      Professional office/medical retail building in Fernley, Nevada, on 1.080 acres.
      805 E Main St, Fernley, NV 89408
      View Details
    • $175,000
      960 SF

      Commercial Property on Main Street

      Retail property in thriving Fernley business district.
      70 E Main St, Fernley, NV 89408
      View Details
    • $5,500,000
      6.42 Acres

      Fernley Townhome Development Site

      66-unit townhome development site in Fernley, Nevada.
      905 Hardie Ln, Fernley, NV 89408
      View Details
    • $1,775,000
      6,075 SF

      Fernley Commercial Property Portfolio

      Versatile commercial property portfolio with redevelopment potential in Fernley, Nevada.
      280 E Main St, Fernley, NV 89408
      View Details
    • $9,490,000
      54,228 SF

      Fernley Industrial Building with Cranes

      54,228 SF industrial building with heavy infrastructure and logistics connectivity.
      375 Industrial Dr, Fernley, NV 89408
      View Details
    • $1,825,000
      16,150 SF

      Fernley Storage Facility on Main

      Fully leased storage facility in West Fernley, Nevada.
      810 W Main St, Fernley, NV 89408
      View Details
    • $1,900,000

      Fernley Professional/Medical Retail Building

      Professional office/medical retail building in Fernley, Nevada, on 1.08 acres.
      805 E Main St, Fernley, NV 89408
      View Details
    • $175,000

      Prime Main Street Retail Opportunity

      Retail property in thriving business district, tenant occupied until December.
      70 E Main St, Fernley, NV 89408
      View Details
    • $1,875,000
      6,075 SF

      Fernley, NV Shopping Center

      Prime Main Street Retail Portfolio
      280 Main St, Fernley, NV 89408
      View Details

    FAQs

    What type of property is this?
    Solar farm - 520 acres of land suitable for residential or renewable energy.
    Where is this solar farm located?
    The property is located at Sea Biscuit Dr Fernley, NV.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: - 520 acres of land in a rapidly growing area.; - Potential for **520 homes** with current RR1 zoning.; - Located adjacent to two large-scale developments (BC Ranch Subdivision and Tahoe Reno Industrial Center - Phase II).
    (775) 771-4705
    Request Owner's contact information
    Sea Biscuit Dr Fernley, NV 89408
    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.
    Sea Biscuit Dr
    Fernley, NV 89408
    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
    Sea Biscuit Dr Fernley, NV 89408
    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

    We can help!
    Listing Contact
    Heidi Chisholm
    Real Estate License ID: NV #Lic# S.176954
    (775) 771-4705
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.