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Property profile & analytics
OFF-MARKET Estimated value $575,000
Apartment buildings

1250 Newlands W Dr Fernley, NV 89408-8937

4,482 SF 0.85 ac lot Built 1986
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US62-0894181
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1986
Total area 4,482 SF
Lot 0.85 ac (37,026 SF)
Zoning code MF30
APN 020-401-12
UPID US62-0894181
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$581k
Blend (final) Blend
$575k
Owner & transaction history
Stephen J Dezerega · 9 yrs held
Stephen J Dezerega
since 2017
6 recorded transactions
2017
$690,000
2016
Price N/A
2013
$181,250
2013
$362,500
2013
Price N/A
2011
$69,607
Zoning & alternative use
MF30 · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

MF30, residential multifamily - 30 dwelling units per acre. (1) Purpose. This district is intended to preserve areas for high density multifamily housing types, even though single-family detached and limited nonresidential uses are allowed to meet the diverse needs of residents. Projects in this district are encouraged to provide amenities to offset the impa…

Zone name Residential Multiple Family 30 Dwelling Unit Per Acre Maximum
General category RESIDENTIAL
Zone area 158.22 ac
Source code of ordinances
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