Fully Occupied Storefront
For Sale
$625,000
140 Main, Fernley, NV 89408
Downtown retail building occupied by five local business tenants across several service and specialty retail uses.
Property Size3,960 SF
Price / SF$157.83
Days on Market147
Property Features for 140 Main
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
Coldwell Banker Select Reno
Listed By:
Erika Bruun-Andersen
(775) 688-4000
Source:
Ferrari-lund
Added: Apr 28
Changed: Sep 20
Last Checked: Sep 21 at 6:37AM
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 Reno
Investment Insights
Based on property information with market context.
This 3,960-square-foot storefront property was constructed in 1979 and is fully occupied. The building accommodates a mix of local businesses, including a pet spa, heating and air service company, hair design studio, printing and graphic design shop, and veterans coalition.
Positioned in a downtown setting, the property offers an established retail-oriented configuration with multiple occupants already in place. Current businesses include Furr-Nley's Pet Spa, Arellano Heating & Air, Four Seasons Hair Design, Eternal Image Printing & Graphic Design Shop, and Northern NV Veteran's Coalition.
Positioned in a downtown setting, the property offers an established retail-oriented configuration with multiple occupants already in place. Current businesses include Furr-Nley's Pet Spa, Arellano Heating & Air, Four Seasons Hair Design, Eternal Image Printing & Graphic Design Shop, and Northern NV Veteran's Coalition.
Key Highlights
- 3,960 SF storefront property
- Fully occupied by five local business tenants
- Built in 1979
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
$50,111
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
8.02%
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%
$1,002,220
$1.0M
Cap Rate 7%
$715,871
$715.9K
Cap Rate 9%
$556,789
$556.8K
Market Conditions
NOI Build-Up for 3,960 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
$78.4K $19.80/SF
− Vacancy
−$6.8K −$1.72/SF
EGI
$71.6K $18.08/SF
− OpEx
−$21.5K −$5.42/SF
NOI
$50.1K $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%
$1,002,220
Cap Rate 7%
$715,871
Cap Rate 9%
$556,789
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
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-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
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Similar Off Market Nearby
- Fernley Floral Custom Creations — 170 W Main St, Fernley, NV 89408
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Frequently Asked Questions
What type of property is this?
Storefront property - Downtown retail building occupied by five local business tenants across several service and specialty retail uses.
Where is this storefront property located?
The property is located at 140 Main 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: 3,960 SF storefront property; Fully occupied by five local business tenants; Built in 1979
