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Property profile & analytics
OFF-MARKET
Commercial real estate

1050 Allen Rd Fallon, NV 89406-8901

3,000 SF 1 ac lot Built 1953
Entity Owned Free & Clear
Property ID
US62-0446839
Property summary
AI-generated overview

This exceptional commercial investment opportunity in Fallon, Nevada, presents a rare chance to acquire a profitable property. The 3,000-square-foot building is situated on a one-acre lot at 1050 S Allen Rd and is currently leased to a long-term tenant operating a dry cleaning business. The tenant pays a monthly rent of $1,650, covering all utilities, providing immediate and consistent cash flow. The property's strong rental history makes it an attractive investment for both seasoned and new investors. Beyond the existing income stream, the expansive one-acre lot and versatile building offer significant potential for future development and increased profitability. Opportunities exist to add income streams through the construction of storage units or by converting the building to accommodate a different, potentially higher-yielding business. The property's location in Fallon offers easy access to major transportation routes and a growing local market. This is a turnkey investment opportunity with immediate returns and substantial upside potential. The asking price is $325,000. This property is priced to sell quickly, so don't miss this chance to secure a valuable asset in a thriving Nevada market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Construction WOOD
Total area 3,000 SF
Lot 1 ac (43,560 SF)
Zoning code C2
APN 008-811-13
UPID US62-0446839
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Crystal Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cheek Construction LLC
Cheek Construction LLC
since 2025
Last sale
$250,000
3 recorded transactions
2025
Price N/A
2025
$250,000
2010
Price N/A
Zoning & alternative use
C2 · Fallon, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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