Fernley Mixed-Use Investment
280 E Main Street Fernley, NV 89408
Multi-parcel property with service garage, station, car wash.
Type:Special Purpose
Property size:
6,075 SFLot size:
1.90 AcresPrice / SF:
$292/SF- Added:
- Mar 11, 2026
- Days on Market:
- 122
- Last Refresh:
- Jun 27 at 10:43 pm
Property Features for 280 E Main Street
General Information
- Standard status
- Active
- Size
- 6,075 SF
- Lot size
- 1.90 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1937
Listing office CENTURY 21 PRIME
Listing date Mar 11, 2026
Source Crexi
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 CENTURY 21 PRIME
Investment Insights
Based on property information with market context.
This multi-parcel, mixed-use property is situated on Main Street in Fernley, Nevada. The property spans 1.9 acres and includes five buildings across four parcels. Buildings include a three-bay service garage, a service station office with a covered fuel station, and three residential or office spaces. The property also features a 0.57-acre fenced and lit storage yard and an existing self-serve car wash. Additional out-buildings, including sheds and a propane filling station, are also located on the property. The main parcels are divided by an additional parcel leased from Union Pacific Railroad. The property's frontage on Main Street offers potential for signage and visibility. The location is less than 15 minutes from Tahoe Reno Industrial Center, approximately 30 minutes from Reno, and about 40 minutes from Fallon Naval Air Base. The zoning allows for multiple uses, making the property suitable for expansion or redevelopment.
Key Highlights
- Prime Main Street location in Fernley, NV with high visibility and signage potential.
- Large 1.9‑acre multi‑parcel property with mixed‑use zoning, ideal for expansion or redevelopment.
- Includes 5 buildings: 3‑bay service garage, service station with fuel, and 3 residential/office spaces.
Local Financial Insights For Specialty 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 | $145.8k | $24.00 |
| − Vacancy | −$3.8k | −$0.62 |
| EGI | $142.0k | $23.38 |
| − OpEx | −$35.5k | −$5.84 |
| NOI | $106.5k | $17.53 |
6,075 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,507 @ 7.0% cap · market cap 6.00%
Second Best
Retail
$1.10M
$960.9K – $1.28M
NOI $76,874 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,057 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-parcel property with service garage, station, car wash.
Where is this mixed-use property located?
The property is located at 280 E Main Street Fernley, NV.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Prime Main Street location in Fernley, NV with high visibility and signage potential.; Large 1.9‑acre multi‑parcel property with mixed‑use zoning, ideal for expansion or redevelopment.; Includes 5 buildings: 3‑bay service garage, service station with fuel, and 3 residential/office spaces.
