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Property profile & analytics
OFF-MARKET
Office buildings
1077 New Riv Pkwy Fallon, NV 89406-6894
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US62-0323673
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2007
Construction
CONCRETE BLOCKS
Total area
4,192 SF
Lot
1 ac (43,560 SF)
Zoning code
LI
APN
001-781-14
UPID
US62-0323673
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
-
Fallon Family Clinic PC Medical Clinic
-
Lana Narag, MD FAAP Pediatrician Medical Clinic
-
Dr. Reynaldo Narag Physician
-
Reynaldo Batang Narag Physician
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
Lugue-narag Properties LLC
Lugue-narag Properties LLC
1 recorded transaction
Zoning & alternative use
LI · Fallon, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide uses like indoor manufacturing, processing, assembly and fabrication business, research and development businesses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
172.62 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fallon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,288
Tax year 2023
Assessed value
$272,554
Assessed 2023
Previous assessed
$295,185
-7.7% YoY
Effective rate
3.41%
On assessed value
Assessed land
$25,482
Assessed improvement
$247,072
Land market value
$72,806
Improvement market value
$705,920
Total market value
$778,726
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2007
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
4,192 SF
Lot
1 ac (43,560 SF)
Zoning code
LI
APN
001-781-14
UPID
US62-0323673
Jurisdiction
CHURCHILL
Zoning & alternative use
LI · Fallon, NVZoning LI · permitted uses
LI · Fallon, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide uses like indoor manufacturing, processing, assembly and fabrication business, research and development businesses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
172.62 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Lugue-narag Properties LLC
Entity
Mailing address
300 PO BOX 615TH BLVD UNIT #1907, FALLON, NV 89407-0615
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Lugue-narag Properties LLC
—
Deed Of Trust
related
$326,000 · Nevada State Development Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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