Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spearhead Way Fernley, NV 89408
    Property profile & analytics

    Spearhead Way Fernley, NV 89408

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

    Current Use by Public Records

    • Land

    Property Details for 0 Spearhead Way

    Lot size
    520.28 lot acres
    Property type
    Land

    Description

    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.

    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
    -119.093
    Latitude
    39.6129

    Comparable in this City

    • Value Estimation by Request
      8.63 Acres

      610 Desert Shadows Ln

      Land • 8.63 Acres
      610 Desert Shadows Ln, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      8.29 Acres

      333 Vine St

      Land • 8.29 Acres
      333 Vine St, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      7.08 Acres

      Fernwood Dr

      Land • 7.08 Acres
      0 Fernwood Dr, 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
      14.64 Acres

      50A & Red Rock Rd

      Land • 14.64 Acres
      50A & Red Rock Rd, Fernley, NV 89408
      View Details

    Similar Nearby for Sale

    • $70,000
      60.00 Acres

      60 Acres Land in Fernley

      60 acres of land available for development in Fernley, Nevada.
      02146103, Fernley, NV 89408
      View Details
    • $79,000
      5.07 Acres

      Land with Breathtaking Views

      5.07 acres of land perfect for horses and RVs.
      4470 Glenwood Dr, Fernley, NV 89408
      View Details
    • New
      $190,000
      54.55 Acres

      54.55 Acre Lot Near Highway

      54.55 acre lot with views near Lake Lahontan.
      Us Highway 95A, Fernley, NV 89408
      View Details
    • Contact for pricing

      Land For Sale Fernley

      Land available for sale in Fernley, Nevada.
      145 W Main St, Fernley, NV 89408
      View Details
    • Contact for pricing

      Land For Sale Fernley

      Land available for sale in Fernley, Nevada.
      Financial Way, Fernley, NV 89408
      View Details
    • $99,000
      15,246 SF

      Fernley Opportunity Zone Land

      Land available in a growing Opportunity Zone.
      150 1St St, 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
      635,195 SF

      Industrial Building in Victory Logistics

      Under construction industrial building with 635,195 SF available for rent.
      Duffy Rd, Fernley, NV 89408
      View Details
    • Contact for pricing
      3,275 SF

      Fernley Office Space Available

      Office space available for rent in Fernley, Nevada.
      872 Cottonwood Ln, Fernley, NV 89408
      View Details
    • $1,700 /Mo
      990 SF

      Commercial Space on Main Street

      960 sqft commercial space in fast-growing Fernley, Nevada.
      145 Main St, 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.
    Spearhead Way
    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
    Spearhead Way, 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!