Downtown Retail Strip
For Sale
Under Contract
$625,000
140 E Main Street, Fernley, NV 89408
COMMERCIAL - Fernley, NV
Property Size3,960 SF
Lot Size0.32 Acres
Price / SF$157.83
Days on Market43
Property Features for 140 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C1
Parking
26
Parking features
Parking Lot
Security features
Security Lighting
Window features
Aluminum Frames
Subdivision
Miller & Pray Addition
Lot features
Level
Standard status
Active Under Contract
APN
020-022-06
Size
3,960 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
3617
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
5
Flooring type
Tile, Concrete
Building materials
Concrete
Roof type
Tar/Gravel, Flat
Listing Agency:
Coldwell Banker Select Reno · Coldwell Banker Real Estate
(775) 688-4800
Listed By:
Erika Bruun-Andersen · License #S.183560
(310) 980-7787
Added: Jun 18
Changed: Jul 29
Last Checked: Jul 30 at 7:06PM
MLS# 260007866
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 is a fully occupied retail building on a 0.32-acre site, with property size of 3,960 square feet. The center is currently home to multiple local tenants, including Furr-Nley's Pet Spa, Arellano Heating & Air, Four Seasons Hair Design, Eternal Image Printing & graphic design shop, and the Northern NV Veteran's Coalition.
The property is located at 140 E Main Street in Fernley, Nevada, described as being in the heart of downtown and offering visibility to local traffic.
Zoned C1, the building presents a straightforward retail setup supported by its existing tenant occupancy.
The property is located at 140 E Main Street in Fernley, Nevada, described as being in the heart of downtown and offering visibility to local traffic.
Zoned C1, the building presents a straightforward retail setup supported by its existing tenant occupancy.
Key Highlights
- Fully occupied downtown retail building at 140 E Main St
- Diverse tenant mix includes Furr‑Nley's Pet Spa, Arellano Heating & Air, Four Seasons Hair Design, and Eternal Image Printing & graphic design
- Built in 1979 with concrete construction materials and a flat tar/gravel roof
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.4k | $19.80 |
| − Vacancy | −$6.8k | −$1.72 |
| EGI | $71.6k | $18.08 |
| − OpEx | −$21.5k | −$5.42 |
| NOI | $50.1k | $12.65 |
3,960 SF · lease $19.80/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$715.9K
$626.4K – $835.2K
NOI $50,111 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,430 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 22%
Groceries 19%
Beauty & Spa 3%
McDonald's
Dining
21,699 visits/mo
0.4 miles
Raley's
Groceries
20,567 visits/mo
0.4 miles
Taco Bell
Dining
14,898 visits/mo
0.4 miles
Jack in the Box
Dining
11,976 visits/mo
0.4 miles
Shell
Shops & Services
11,634 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied downtown retail building zoned C1 in Fernley, Nevada.
Where is this strip mall located?
The property is located at 140 E Main Street Fernley, NV.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully occupied downtown retail building at 140 E Main St; Diverse tenant mix includes Furr‑Nley's Pet Spa, Arellano Heating & Air, Four Seasons Hair Design, and Eternal Image Printing & graphic design; Built in 1979 with concrete construction materials and a flat tar/gravel roof
