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Financial
Distress signals
Property profile

1205 Penny Ln Fernley, NV 89408

OFF-MARKET
Commercial land
Property ID
US62-0887884
2.78 ac lot
Last sale Aug 2025 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial land parcel located at 1205 Penny Ln in Fernley, Nevada, with documentation indicating the inclusion of 50 acre-feet of banked water rights held with the City of Fernley. The site is configured and described as suitable for commercial development that requires municipal water rights, and no specific on-site improvements or development plans are described, so feasibility and intended-use development requirements should be verified as part of due diligence.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$254k
Assessed land$254k
Effective rate1.29%

Value estimate

· Oct 2026
$190k
$171k – $209k
AI approach$190k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$241/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$122 – $476

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2
C2, general commercial. (1) Purpose. This district is intended to create and preserve areas for businesses that provide a variety of whol...
General categoryCOMMERCIAL
JurisdictionLYON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.6
Law Firm19.2
Dental Office17.6

Location

1205 Penny Ln Fernley, NV 89408-8939
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Hwy 95a, Fernley, NV 89408 $1,271,059 Dec 2024 No data
Newlands, Fernley, NV 89408 $350,000 May 2024 No data
73 Main, Fernley, NV 89408 $80,000 Apr 2024 No data
2600 Wilson, Fernley, NV 89408 $310,000 Nov 2023 No data
1330 Newlands W, Fernley, NV 89408-9600 $1,000,000 Nov 2023 No data
395 Jill, Fernley, NV 89408-9657 $1,000,000 Nov 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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