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    111 Industrial Way Fallon, NV 89406

    For Sale
    $1,200,000

    7,000 SF Office, Excellent NOI

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 7,000 square foot executive office building, located at 111 Industrial Way in Fallon, Nevada, presents a compelling investment opportunity. Built in 1996, the single-story structure sits on a 0.52-acre lot and features ample parking with 27 spaces. The property is zoned L1 and boasts a strong net operating income (NOI) of $75,868.47. Currently occupied by the Nevada Department of Health and Human Services, Division of Welfare and Supportive Services under a five-year lease, the building generates a monthly rental income of $8,618.37. This translates to a price per square foot of $171.43, reflecting a solid return on investment. The property's single-unit configuration simplifies management, while its prime location in Churchill County, Nevada (zip code 89406), offers excellent accessibility and visibility. The property's APN is 00125141. This is a rare opportunity to acquire a stable, income-producing asset in a growing Nevada market. The building's solid construction and established tenancy make it an attractive prospect for discerning investors seeking a reliable and profitable addition to their portfolio. The property's location offers easy access to major transportation routes and local amenities. This turnkey investment requires minimal effort to maintain its current high occupancy rate and strong cash flow.

    Property Features for 111 Industrial Way

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,000 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 7,000 SF executive office building on a 0.52‑acre lot in Fallon, NV.
    • Single‑story building with 27 parking spaces, built in 1996.
    • L1 zoning, strong NOI of $75,868.47, and $8,618.37 monthly rental income.
    • Five‑year lease with Nevada Department of Health and Human Services.
    • $171.43 price per square foot, located in Churchill County, NV (89406), APN 00125141.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Food Stamps Social Services Organization Welfare Department Social Services Organization DWSS Fallon District ... State Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fallon
    County
    Churchill
    State
    Nevada
    Longitude
    -118.7965402
    Latitude
    39.4737905

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    FAQs

    What type of property is this?
    Office Property / Space - 7,000 SF Office, Excellent NOI
    Where is this office property / space located?
    The property is located at 111 Industrial Way Fallon, NV.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 7,000 SF executive office building on a 0.52-acre lot in Fallon, NV.; Single-story building with 27 parking spaces, built in 1996.; L1 zoning, strong NOI of $75,868.47, and $8,618.37 monthly rental income.
    Request Owner's contact information
    111 Industrial Way Fallon, NV 89406
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    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
    111 Industrial Way Fallon, NV 89406
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