Medical Office
New
For Sale
$875,000
415 US Highway 95A S, Fernley, NV 89408
The space is leased under a Modified Gross arrangement and includes a medical build-out completed in 2014.
Property Size2,400 SF
Price / SF$364.58
Days on Market4
Property Features for 415 US Highway 95A S
General Information
Standard status
Active
Size
2,400 SF
Property subtype
OFC
Additional Details
Tenant in Place
Yes
Property Use
medical office
Medical Specialty
eye care
Building Details
Year Built
1999
Year Renovated
2014
Tenancy
Single
Listing Agency:
Keller Williams Realty Sparks
Listed By:
Ricci Rodriguez-Elkins · License #BS.146909
(775) 240-5143
Source:
Realnex
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:14PM
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 Keller Williams Realty Sparks
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Investment Insights
Based on property information with market context.
Suite A is a medical office space of approximately 2,400 square feet in Sierra Meadows Business Plaza in Fernley. Built in 1999, the suite received a medical build-out in 2014 and is leased under a Modified Gross arrangement.
Roof and HVAC upkeep is handled through scheduled preventive maintenance. Community in Common services cover the plaza’s shared areas and landscaping.
Roof and HVAC upkeep is handled through scheduled preventive maintenance. Community in Common services cover the plaza’s shared areas and landscaping.
Key Highlights
- Approximately 2,400 square feet of medical office space
- Medical build‑out completed in 2014
- Leased under a Modified Gross arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,426
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,520
$848.5K
Cap Rate 7%
$606,086
$606.1K
Cap Rate 9%
$471,400
$471.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$69.4K $28.92/SF
− Vacancy
−$12.8K −$5.35/SF
EGI
$56.6K $23.57/SF
− OpEx
−$14.1K −$5.89/SF
NOI
$42.4K $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%
$848,520
Cap Rate 7%
$606,086
Cap Rate 9%
$471,400
Alternative Uses
Best Use
Office B
$606.1K
$530.3K – $707.1K
NOI $42,426 @ 7.0% cap · market cap 4.85%
Second Best
Healthcare Medical
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$739.6K
$647.2K – $862.9K
NOI $51,775 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The space is leased under a Modified Gross arrangement and includes a medical build-out completed in 2014.
Where is this medical office space located?
The property is located at 415 US Highway 95A S Fernley, NV.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 2,400 square feet of medical office space; Medical build‑out completed in 2014; Leased under a Modified Gross arrangement
