Three-Suite Medical Office
For Sale
$845,000
415 Highway 95a Unit E, Fernley, NV 89408
Medical office building with AC, three finished suites, and two baths plus kitchen/utility areas for a professional practice.
Property Size3,800 SF
Price / SF$222.37
Days on Market2419
Property Features for 415 Highway 95a Unit E
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
3
Building Details
Year Built
2004
Buildings
1
Building Size
3,800 SF
Listing Agency:
Coldwell Banker Select ZC
Listed By:
Anthony Laurian
(775) 721-1196
Source:
Ferrari-lund
Added: Mar 23, 2020
Changed: Nov 5
Last Checked: Nov 4 at 5:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Select ZC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2004, this medical office building is suited to a single-user professional practice. The space includes AC, ample plumbing and electrical output, and is configured with three finished suites. Interior features include two baths and two kitchen/utility areas, supporting day-to-day patient and staff needs.
The property is located at 415 Highway 95a, Unit E in Fernley, NV. The public remarks cite proximity to a large industrial complex located about 14 miles away, along with access considerations near Hwy. 80 and the railroad. The remarks also note the Reno airport is about 45 minutes away.
At approximately 3,800 SF, the building is offered with an emphasis on use as a doctor’s office or other professional office, with room to accommodate multiple suites within one building.
The property is located at 415 Highway 95a, Unit E in Fernley, NV. The public remarks cite proximity to a large industrial complex located about 14 miles away, along with access considerations near Hwy. 80 and the railroad. The remarks also note the Reno airport is about 45 minutes away.
At approximately 3,800 SF, the building is offered with an emphasis on use as a doctor’s office or other professional office, with room to accommodate multiple suites within one building.
Key Highlights
- 3,800 SF medical office building built in 2004
- Three finished suites with AC
- Two baths plus two kitchen/utility areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,174
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,480
$1.3M
Cap Rate 7%
$959,629
$959.6K
Cap Rate 9%
$746,378
$746.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$109.9K $28.92/SF
− Vacancy
−$20.3K −$5.35/SF
EGI
$89.6K $23.57/SF
− OpEx
−$22.4K −$5.89/SF
NOI
$67.2K $17.68/SF
Area
Lyon County, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,480
Cap Rate 7%
$959,629
Cap Rate 9%
$746,378
Alternative Uses
Best Use
Office B
$959.6K
$839.7K – $1.12M
NOI $67,174 @ 7.0% cap · market cap 7.95%
Second Best
Healthcare Medical
$767.4K
$671.5K – $895.4K
NOI $53,721 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,978 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with AC, three finished suites, and two baths plus kitchen/utility areas for a professional practice.
Where is this medical office space located?
The property is located at 415 Highway 95a Unit E Fernley, NV.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 3,800 SF medical office building built in 2004; Three finished suites with AC; Two baths plus two kitchen/utility areas
