Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1350 Newlands W Dr Fernley, NV 89408-9600
    Back to Search
    Property profile & analytics

    1350 Newlands W Dr, Fernley, NV 89408-9600

    View on Map
    • Hotels
    • 19,980 SF
    • 1.15 lot acres
    Off-Market
    Last Sale Feb 7, 2022
    $4,950,000
    Property ID
    US62-0869272
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,790,000
    Show details
    Cap Rate Potential
    2.8%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 1350 Newlands W Dr

    Year built
    1992
    Lot size
    1.15 lot acres
    Zone code
    C2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    020-400-02
    APU
    2040002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 30, 2024 — Nijjar Hospitality LLC — Deed · related $4.6M · Open Bank
    Feb 7, 2022 $4,950,000 Nijjar Hospitality LLC Dana Lodging LLC Bargain And Sale Deed $4.1M · Open Bank
    Mar 17, 2015 $3,350,000 Dana Lodging LLC Jaskaran Ents INC Grant Deed $2.8M · Sacramento Bk/cmrc
    Jun 15, 2007 $2,900,000 Jaskaran Enterprises INC Fernley Super Lodging INC Grant Deed $1.6M · Torrey Pines Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,475,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.221
    Latitude
    39.6107
    CBSA code
    22280
    CBSA name
    FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,435
    $0.00
    $0.00
    $711,385
    -
    $300,564
    $1,731,966
    $2,032,530

    Comparable in this City

    • Value Estimation by Request
      7,356 SF

      300 Main St

      HOTEL/MOTEL
      300 Main St, Fernley, NV 89408-7666
      View Details
    • Value Estimation by Request
      4,341 SF

      105 Main St

      HOTEL/MOTEL
      105 Main St, Fernley, NV 89408
      View Details
    • Value Estimation
      $1,585,000
      25,624 SF

      1405 Newlands E Dr

      HOTEL/MOTEL
      1405 Newlands E Dr, Fernley, NV 89408-8907
      View Details
    • Value Estimation by Request
      38.08 Acres

      108 Reno Hwy

      INDUSTRIAL - VACANT LAND
      108 Reno Hwy, Fernley, NV 89408
      View Details
    • Value Estimation by Request
      0.59 Acres

      3295 Us Hwy 50th E

      VACANT COMMERCIAL LAND
      3295 Us Hwy 50th E, Fernley, NV 89408-5675
      View Details
    • Value Estimation by Request
      131.52 Acres

      Fernley, NV 89408

      INDUSTRIAL - VACANT LAND
      Fernley, NV 89408
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40.00 Acres

      Nevada Ranch Land For Sale

      40 acres of Nevada land near BLM land.
      Apn 021-451-32, Fernley, NV 89408
      View Details
    • $5,500,000
      6.42 Acres

      Fernley Townhome Development Site

      66-unit townhome development site in Fernley, Nevada.
      905 Hardie Ln, Fernley, NV 89408
      View Details
    • $79,000
      5.07 Acres

      Land with Breathtaking Views

      5.07 acres of land perfect for horses and RVs.
      4470 Glenwood Dr, Fernley, NV 89408
      View Details
    • $70,000
      60.00 Acres

      60 Acres Land in Fernley

      60 acres of land available for development in Fernley, Nevada.
      02146103, Fernley, NV 89408
      View Details
    • Contact for pricing
      101,403 SF

      Fernley Development Land For Sale

      2.35 acres of commercial land with excellent accessibility and visibility.
      1 Inglewood Dr E, Fernley, NV 89408
      View Details
    • $785,000

      46.60 Acres on Highway 95A

      46.60 acres of flat land for sale in Fernley, NV.
      Highway 95A, Fernley, NV 89408
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      144,000 SF

      Distribution/Manufacturing Building with Expansion Potential

      Distribution/manufacturing building with ample parking and expansion options available for lease.
      2275 E Newlands Dr, Fernley, NV 89408
      View Details
    • $46,080
      255,300 SF

      Fernley Warehouse Sublease Opportunity

      64,000 SF warehouse sublease in Fernley with dock doors.
      2275 E Newlands Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      169,820 SF

      Industrial Building Under Construction

      169,820 SF industrial building under construction in Fernley, Nevada.
      North Nevada Pacific Pkwy, Fernley, NV 89408
      View Details
    • Contact for pricing

      Land For Lease Fernley

      Land available for lease in Fernley, Nevada.
      17127 Inland Prt Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      3,275 SF

      Fernley Office Space Available

      Office space available for rent in Fernley, Nevada.
      872 Cottonwood Ln, Fernley, NV 89408
      View Details
    • $1,700 /Mo
      990 SF

      Commercial Space on Main Street

      960 sqft commercial space in fast-growing Fernley, Nevada.
      145 Main St, Fernley, NV 89408
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      1.4k
    • Avg Time on site
      568 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1350 Newlands W Dr
    Fernley, NV 89408-9600
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1350 Newlands W Dr, Fernley, NV, 89408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!