Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Old Reno Hwy Fernley, NV 89408

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Old Reno Hwy Fernley, NV 89408

    View on Map
    • Land
    • 427.14 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Old Reno Hwy

    Lot size
    427.14 lot acres
    Property type
    Land
    Property subtype
    Alt. Energy / Solar Land

    Description

    This exceptional 427.14-acre land parcel in Fernley, Nevada, presents a compelling investment opportunity for large-scale solar energy development. Located just off Old Reno Highway in Lyon County (zip code 89408), this property boasts significant advantages for solar projects. The land is zoned General Rural (GR) and encompasses APNs 021-40-11 through 021-40-21. The US Department of Energy rates solar energy potential at 550 watt-hours/sf/day. Crucially, Los Angeles Department of Water & Power HVDC transmission lines run directly through the property, minimizing transmission costs and complexities. Nearby NV Energy distribution lines further enhance the site's viability. The property also features a geothermal monitor well, suggesting potential for additional energy development. The topography is generally level to gently rolling hills (10-20 feet high). The property includes 22 acre-feet of water rights and enjoys 79% sunshine and 252 sunny days annually. This offering presents a unique opportunity to capitalize on Nevada's abundant solar resources and robust energy infrastructure. The asking price is $1,800,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.095
    Latitude
    39.554

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      Fernley Nv 89408

      Land • 10.00 Acres
      0 Fernley Nv 89408, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      30.40 Acres

      Interstate 80

      Land • 1,324,224 SF
      0 Interstate 80, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      333.30 Acres

      Nevada Pacific Pkwy

      Land • 333.30 Acres
      0 Nevada Pacific Pkwy, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      52.00 Acres

      327 Xenon Ln

      Land • 52.00 Acres
      327 Xenon Ln, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      5.07 Acres

      4470 Glenwood Dr

      Land • 5.07 Acres
      4470 Glenwood Dr, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      520.28 Acres

      Spearhead Way

      Land • 520.28 Acres
      0 Spearhead Way, Fernley, NV 89408
      View Details

    Similar Nearby for Sale

    • $2,650,000

      520 Acres in Fernley, Nevada

      520 acres of land suitable for residential or renewable energy.
      Sea Biscuit Dr, Fernley, NV 89408
      View Details
    • $179,000
      589.56 Acres

      589.56 Acres on Highway 80

      589.56 acres of land east of Fernley, Nevada.
      Interstate 80, Fernley, NV 89408
      View Details
    • Contact for pricing
      40.00 Acres

      Nevada Ranch Land For Sale

      40 acres of Nevada land near BLM land.
      Apn 021-451-32, Fernley, NV 89408
      View Details
    • $219,000
      6.66 Acres

      6.66 Acres of Open Land

      Level, open land close to town, ideal for various uses.
      1300 Brush Dr, Fernley, NV 89408
      View Details
    • $700,000
      6.18 Acres

      Land in Path of Development

      Land with water rights in Fernley, Nevada development area.
      1075 Browne Ln, Fernley, NV 89408
      View Details
    • $795,000
      657.00 Acres

      657 Acres Near Highway 95A

      Large acreage parcel near Fernley, Nevada, suitable for recreation.
      06 Us Highway 95A, Fernley, NV 89408
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Fernley

      Land available for rent in Fernley, Nevada.
      1365 Chisholm Trl, Fernley, NV 89408
      View Details
    • Contact for pricing
      9,600 SF

      Fernley Shopping Center Development Opportunity

      Ground lease and build-to-suit options available in Fernley, Nevada.
      1600 E Newlands Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      7,000 SF

      New Shopping Center Development Available

      Ground lease and build-to-suit options in Fernley shopping center.
      Stanley Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      105,040 SF

      Fernley Warehouse Space Available

      Available warehouse space in Fernley, Nevada, totaling 105,040 square feet.
      Commerce Center Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      697 SF

      Fernley Office Space Available

      Office space available for lease in Fernley, Nevada.
      45 W Cedar St, Fernley, NV 89408
      View Details
    • Contact for pricing
      3,240 SF

      Fernley Flex/Industrial Space Available

      Flex/industrial space available for lease in Fernley, Nevada.
      868-890 Cottonwood Ln, Fernley, NV 89408
      View Details
    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.
    Old Reno Hwy
    Fernley, NV 89408
    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

    Old Reno Hwy, 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!