140 E Main St Fernley, NV 89408
For Sale
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C1, neighborhood commercial. (1) Purpose. This district is intended to create and preserve areas for neighborhood commercial uses that are complementary to surrounding residential communities. Typical uses may include business and business parks containing professional, medical, educational, financial and insurance services, and supportive commercial activit…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Fernley, NVC1, neighborhood commercial. (1) Purpose. This district is intended to create and preserve areas for neighborhood commercial uses that are complementary to surrounding residential communities. Typical uses may include business and business parks containing professional, medical, educational, financial and insurance services, and supportive commercial activities having related and compatible functions. This category is also intended to provide a transition or buffer between other more intensive and less intensive uses or between major highways and adjacent residential uses. (n) C2, general commercial. (1) Purpose. This district is intended to create and preserve areas for businesses that provide a variety of wholesale and retail goods and services and serve a community or regional market. Typical uses may include retail stores, shopping centers, personal services, offices, restaurants, and other compatible activities. (o) TC, tourist commercial. (1) Purpose. This district is intended to create and preserve areas for visitor-oriented uses including casinos, hotels, motels, resorts, restaurants, shopping, adult-businesses, etc. adjacent to major interchanges along the I-80 corridor. (p) EC, employment center. (1) Purpose. This district is intended to create and preserve areas for large-scale projects that include a mix of industrial and commercial land uses such as manufacturing, industrial parks, truck and auto repair, wholesale/distribution, and related office and institutional uses. This type of zoning should be separated from residential development by natural and manmade buffers such as major drainageways and arterial roadways. (q) I, industrial. (1) Purpose. This district is intended to create and preserve areas for intensive activities and land uses that have the most potential for impacting adjacent land uses and infrastructure (e.g. heavy industrial). This zoning district should be located in areas with access to roadway and/or railway transportation systems. (r) PF, public facility. (1) Purpose. This district is intended to create and preserve areas for public or semi-public facilities such as schools, churches, fire stations, civic and community buildings, and utility buildings and facilities. This category includes uses developed either by public or private capital which may be public or may be restricted, as in the case of private clubs, but in both cases, a large number of people use the facility and the use is generally public in nature. (s) OSP, open space and parks. (1) Purpose.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.