Property profile

2275 E Newlands Dr Fernley, NV 89408

FOR LEASE
Other industrial properties
Property ID
US62-0868124
255,300 SF 14.87 ac lot Built 1997
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property consists of a distribution and manufacturing building offering approximately 80,000 square feet within a larger 256,000 square foot facility, located on a 14.87-acre parcel. The space is configured as a cross-docked facility to support efficient material flow. The building includes an expandable office area of approximately 870 square feet with two bathrooms. Site improvements provide for trailer and vehicle parking, including auto and trailer parking areas. The facility is positioned near the I-80 east/west arterial, with access to regional truck service areas spanning multiple western states within one- and two-day service ranges.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1997
Total area 255,300 SF
Lot 14.87 ac (647,737 SF)
Zoning code I
APN 021-251-18
UPID US62-0868124

Cap rate & NOI

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

Location

2275 E Newlands Dr Fernley, NV 89408
Fernley metro Census 960103 FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.00M
Blend (final) Blend
$17.33M

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2020
$15.1M
2020
$15.1M
2020
Price N/A
2014
Price N/A
2013
$6.7M
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
Top alternative use upside
Office building $24.5M +3.6%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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