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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Commercial land
1305 Msn Way Fernley, NV 89408
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0892724
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
12.05 ac (524,898 SF)
Zoning code
C2
APN
021-221-24
UPID
US62-0892724
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
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
M4 Exit 48b LLC · 4 yrs held
M4 Exit 48b LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
C2 · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fernley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fernley 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
Method
Estimation
Statistic approach
$2,350,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.60M (Jul 6 2022)
Last sale anchor
$2.60M
Jul 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,903
Tax year 2024
Assessed value
$358,243
Assessed 2024
Previous assessed
$358,243
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$358,243
Land market value
$1,023,551
Total market value
$1,023,551
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
12.05 ac (524,898 SF)
Zoning code
C2
APN
021-221-24
UPID
US62-0892724
Jurisdiction
LYON
Zoning & alternative use
C2 · Fernley, NV
Zoning C2 · permitted uses
C2 · Fernley, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fernley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
12.05 ac
Current owner
From public records · entity-resolved
M4 Exit 48b LLC
Entity
Mailing address
4450 MACARTHUR BLVD FL 2ND, NEWPORT BEACH, CA 92660-2045
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
$2,600,000
M4 Exit 48b LLC
Fernley Holdings LLC
Bargain And Sale Deed
—
Feb 17, 2016
$675,000
Fernley Holdings LLC
1305 Mission LLC
Grant Deed
$700,000 · Finewrap USA LLC
Jul 22, 2014
$125,000
1305 Mission LLC
Umpqua Bk
Grant Deed
—
Jul 31, 2012
$664,226
Umpqua Bk
Stewart Title Co
Trustees Deed
related
—
Sep 30, 2005
$1,034,049
Fernley Town Centre Plaza LLC
Holder Real Estate Development LLC
Bargain And Sale Deed
$672,131 · Northern Nevada Bank
—
—
Fernley Town Centre Plaza LLC
—
Deed Of Trust
related
$800,000 · Nevada Security Bank
—
—
Fernley Town Centre Plaza LLC
—
Deed Of Trust
related
—
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.
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