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Property profile & analytics
FOR LEASE
Industrial properties

2275 E Newlands Dr Fernley, NV 89408

255,300 SF 14.87 ac lot Built 1997
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US62-0868124
Property summary
AI-generated overview

This expansive industrial property, located at 2275 E Newlands Dr, Fernley, NV 89408, in Lyon County, offers 256,000 square feet of warehouse space on a substantial 1,487-acre lot. Built in 1997, the single-building structure features a 30-foot ceiling height, making it suitable for a variety of industrial and distribution needs. The property boasts eight loading docks and thirty dock-high doors, along with two drive-in doors, ensuring efficient loading and unloading operations. Ample parking is provided with 145 spaces. Currently, approximately 80,000 square feet of space is available for lease. The property is zoned M1 and is strategically located near major transportation arteries, including I-80, and in close proximity to numerous established corporate entities in Northern Nevada. Building services, property taxes, and utilities are not included in the lease cost. This exceptional location offers unparalleled access to key transportation routes and a thriving business community. The property's size and features make it an excellent opportunity for businesses seeking significant warehouse space in a prime Nevada location.

Property profile
Verified
Property type 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
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
$18.00M
Blend (final) Blend
$17.33M
Owner & transaction history
Cottonmill Properties LLC · 2 yrs held
Cottonmill Properties LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $24.5M +3.6%
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More about this property
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