197 Lois Ln Fernley, NV 89408
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…
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
MF30 · Fernley, NVMF30, 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 impacts of increased residential densities. The maximum number of dwelling units that may be located in this district is 30 units per one acre. (l) MU, mixed use. (1) Purpose. This district is intended to promote horizonal and vertical mixed-use development and/or buildings within designated corridors. Projects in this district should include pedestrian-scaled, neighborhood-serving nonresidential uses and high-density residential uses in the same structure or in close proximity. Nonresidential uses may include small scale retail, service and professional offices that provide goods and services to the residents of the surrounding neighborhoods and the community at-large. Nonresidential uses are encouraged to have frontage along a minor collector or wider street. Residential uses are encouraged on the upper floors of nonresidential establishments. There are no minim lot sizes, but residential densities are limited to a maximum of 30 units per acre. (m) 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 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.
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.