Property profile

2200 Newlands E Dr Fernley, NV 89408

OFF-MARKET
Industrial properties
Property ID
US62-0868122
49.22 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 141,000-square-foot warehouse, located at 2200 E Newlands Drive in Fernley, Nevada, presents a significant sublease opportunity. The property, classified as a Class B industrial building, was constructed in 1988 and sits on a substantial lot within Lyon County (APN: 021-241-03). The building's zoning is M1, making it suitable for a variety of industrial uses. The warehouse is a single-tenant property, offering a significant amount of space for a single occupant. The sublease term is flexible, with options available for up to 48 months. This presents a unique chance to secure a large, well-located warehouse in a growing Nevada market. The property's address is 2200 E Newlands Dr, Fernley, NV 89408. Its precise location is 39.6134815 latitude and -119.199748 longitude. This substantial warehouse space offers an excellent opportunity for businesses seeking a large footprint in a strategic location. The property's size and location make it ideal for distribution, warehousing, or light manufacturing operations. Serious inquiries are encouraged to explore this compelling sublease opportunity.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Lot 49.22 ac (2,144,023 SF)
Zoning code I
APN 021-241-03
UPID US62-0868122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2200 Newlands E Dr Fernley, NV 89408-8909
Fernley metro Census 960103 FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$20.28M

Owner & transaction history

since 2021
Last sale
$21.0M
7 recorded transactions
2021
$21.0M
2019
Price N/A
2006
$18.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I · Fernley, NV
Zoning description

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 indus…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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