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    1 Serpa Pl Fallon, NV 89406

    Sponsored
    For Sale
    $1,350,000

    Prime 9-acre commercial lot, ideal for multifamily development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9-acre commercial land parcel, located at 0 Serpa Place in Fallon, Nevada, presents a compelling investment opportunity. Situated in Churchill County, with a zip code of 89406 (APN 001-081-14), this property is zoned RC and offers significant potential for multifamily development. The asking price is $1,350,000. Preliminary estimates suggest a potential yield of approximately 175 residential units, based on an average unit size of 2,000 square feet. Fallon's strategic location, proximate to the Naval Air Station and serving as a bedroom community for the Tahoe Reno Industrial Center (TRIC), contributes to a robust and growing market. This presents a unique chance to capitalize on the area's expanding population and increasing demand for housing. The property's substantial size and favorable zoning regulations make it an attractive prospect for developers seeking to create a significant multifamily project. Detailed site plans and feasibility studies can be provided upon request. This is a rare opportunity to acquire a large, well-located parcel of land in a thriving Nevada community. Don't miss out on this chance to build your next successful development.

    Property Features for 1 Serpa Pl

    General Information

    Property type
    Land
    Lot Size
    392,040 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fallon
    County
    Churchill
    State
    Nevada
    Longitude
    -118.7768247
    Latitude
    39.4821554

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    FAQs

    What type of property is this?
    Land - Prime 9-acre commercial lot, ideal for multifamily development.
    Where is this land located?
    The property is located at 1 Serpa Pl Fallon, NV.
    What is the asking price?
    The asking price for this property is $1,350,000.
    Request Owner's contact information
    1 Serpa Pl Fallon, NV 89406
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    Realmo Value Estimation

    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.

    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.

    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
    1 Serpa Pl Fallon, NV 89406
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