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    Spearhead Way Fernley, NV 89408

    For Sale
    $2,650,000

    Prime Nevada land, 520 acres, RR1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 520.28-acre property in Fernley, Nevada, presents a remarkable investment opportunity. Located within city limits and encompassing three parcels (APN: 021-161-17, 021-161-18, and 021-161-19), this land is zoned RR1, allowing for a minimum one-acre parcel size. The current zoning permits the potential development of up to 520 residential homes, with cluster development also a possibility. Furthermore, the zoning accommodates renewable energy production, aligning with current sustainability trends. Strategically situated adjacent to two major developments – the BC Ranch Subdivision and the new Tahoe Reno Industrial Center – Phase II – this location benefits from existing infrastructure and a rapidly growing community. The property's designation as an Opportunity Zone adds further investment appeal. With a total acreage of 520.28 acres and an asking price of $2,650,000, this land offers significant potential for substantial returns. This is a rare chance to acquire a large parcel in a thriving Nevada location.

    Property Features for 0 Spearhead Way

    General Information

    Property type
    Land
    Lot Size
    22,663,397 SF

    HighLights

    • Located within Fernley City Limits.
    • Three parcels: APN 021‑161‑17, 021‑161‑18, and 021‑161‑19.
    • 520.28 total acres.
    • RR1 zoning, one‑acre minimum lot size.
    • Potential for 520 residential lots, cluster development allowed.
    • Opportunity Zone designation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.0925356
    Latitude
    39.612941

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    FAQs

    What type of property is this?
    Land - Prime Nevada land, 520 acres, RR1 zoning.
    Where is this land located?
    The property is located at Spearhead Way Fernley, NV.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Located within Fernley City Limits.; Three parcels: APN 021-161-17, 021-161-18, and 021-161-19.; 520.28 total acres.
    Request Owner's contact information
    Spearhead Way Fernley, NV 89408
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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
    Spearhead Way Fernley, NV 89408
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