Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Land Parcel on Mull Title is generated by Realmo AI

    750 Mull Lane, Fernley, NV 89408

    View on Map
    Claim this Listing
    For Sale
    $499,900

    Large 47.23-acre parcel with subdivision potential.

    Type:Land
    Property size:
    2,057,338 SF
    Lot size:
    47.23 Acres
    Price / SF:
    $0.24/SF
    Added:
    Oct 21, 2025
    Days on Market:
    224
    Last Refresh:
    Mar 13 at 6:25 pm

    Property Features for 750 Mull Lane

    General Information

    Standard status
    Active
    Size
    2,057,338 SF
    Lot size
    47.23 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Katherine Gillespie

    Listing agent Katherine Gillespie License #BS.146653

    Listing office LL Realty Inc. - Fernley

    Listing date Oct 21, 2025

    Source Compass

    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 LL Realty Inc. - Fernley

    HighLights

    • Large 47.23‑acre parcel.
    • Located on desirable Mull Lane.
    • Potential to subdivide (subject to local approvals).
    • Graded lot.
    • Horse property.
    • Mountain view.

    Overview

    This 47.23-acre parcel is located on Mull Lane. The property features a graded lot and potential for subdivision, subject to local approvals. The site offers space, flexibility, and opportunity.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.2336547
    Latitude
    39.58002

    Nearby Similar for Sale

    • $2,000,000
      14,812 SF

      Fernley Retail Investment Opportunity

      Retail plaza in Fernley's growing downtown corridor for sale.
      460 W Main Street, Fernley, NV 89408
      View Details
    • $1,775,000
      6,075 SF

      Mixed-Use Property on Main Street

      Multi-parcel property with mixed usage in Fernley, Nevada.
      280 E Main Street, Fernley, NV 89408
      View Details
    • $300,000

      Expansive Vacant Land in Fernley

      40-acre parcel with development potential in Fernley Highlands.
      97 Alpine Drive, Fernley, NV 89408
      View Details
    • $300,000

      Expansive Vacant Land in Fernley

      40-acre parcel with development potential in Fernley Highlands area.
      98 Alpine Drive, Fernley, NV 89408
      View Details
    • $762,300

      Fernley Land Investment Opportunity

      C2 zoned land pre-approved for storage unit development.
      1543 Farm District Rd, Fernley, NV 89408
      View Details
    • $5,482,026

      Prime Commercial Land in Fernley

      8.39 acres of C-2 land with highway frontage.
      Nevada Pacific Boulevard, Fernley, NV 89408
      View Details
    • $1,957,000
      10,104 SF

      Fernley Commercial Building For Sale

      Professional office/medical retail building in growing Fernley, Nevada.
      805 E Main Street, Fernley, NV 89408
      View Details
    • $3,950,000

      Prime Industrial Land I-80 Frontage

      180.62 acres of Light Industrial land with I-80 frontage.
      TBD I-80 E, Fernley, NV 89408
      View Details
    • $114,000

      Spacious Vacant Lot in Fernley

      5.22-acre vacant lot with subdividable potential and unobstructed views.
      13 Valley View Drive, Fernley, NV 89408
      View Details
    • $399,000

      Fernley Land Development Opportunity

      Partially entitled Fernley lots ready for development.
      Browne & Meadows Lane, Fernley, NV 89408
      View Details
    • $785,000
      46 SF

      46.60 Acres on Highway 95A

      46.60 acres of flat land for sale in Fernley, NV.
      0 Highway 95A, Fernley, NV 89408
      View Details
    • $119,000

      Expansive Land Parcel in Fernley

      10-acre build-ready land near Fernley Golf Course.
      1945 Gustafson Street, Fernley, NV 89408
      View Details

    FAQs

    What type of property is this?
    Land - Large 47.23-acre parcel with subdivision potential.
    Where is this land located?
    The property is located at 750 Mull Lane Fernley, NV.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Large 47.23‑acre parcel.; Located on desirable Mull Lane.; Potential to subdivide (subject to local approvals).
    (775) 636-0964
    We can help!
    Listing Contact
    Katherine Gillespie
    Real Estate License ID: BS.146653
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    750 Mull Lane, Fernley, NV 89408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!