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Property profile & analytics
OFF-MARKET Estimated value $17,520,000
Commercial real estate

1550 Newlands E Dr Fernley, NV 89408-8910

157,615 SF 16.36 ac lot Built 2007
Entity Owned 20-yr Hold Free & Clear
Property ID
US62-0869255
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 157,615 SF
Lot 16.36 ac (712,859 SF)
Zoning code C2
APN 021-232-69
UPID US62-0869255
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
$24.23M
Blend (final) Blend
$17.52M
Owner & transaction history
Wal-mart Stores INC · 20 yrs held
Wal-mart Stores INC
since 2006
6 recorded transactions
2006
$4.4M
2006
$1,265
2006
Price N/A
2004
$7.6M
2004
$4.6M
2004
$3.0M
Zoning & alternative use
C2 · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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, touri…

Zone name General Commercial
General category COMMERCIAL
Zone area 1,401.26 ac
Source code of ordinances
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