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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2375 Newlands E Dr Fernley, NV 89408-8914

    • Industrial properties
    • 336,726 SF
    • 20.00 lot acres
    OFF-MARKET
    Value Estimations
    $26,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0868354
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2375 Newlands E Dr

    Year built
    2007
    Lot size
    20.00 lot acres
    Property size
    336,726 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    021-251-24
    APU
    2125124

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $34,710,000
      6.5%
      $32,040,000
      7%
      $29,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $31,583,000
      Market price range: $2.20M - $52.8M
      AI Estimate
      $17,015,000
      Market price range: $6.30M - $31.6M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $31,170,000
      Current use
      OFFICE BUILDING
      $32,280,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.192
    Latitude
    39.6099
    CBSA code
    22280
    CBSA name
    FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $258,119
    $686,070
    $6,898,575
    $7,584,645
    -
    $1,960,200
    $19,710,215
    $21,670,415

    Comparable in this City

    • Value Estimation
      $7,085,000
      188,220 SF

      325 Industrial Dr

      INDUSTRIAL (GENERAL) • 188,220 SF
      325 Industrial Dr, Fernley, NV 89408-8905
      View Details
    • Value Estimation
      $16,675,000
      172,724 SF

      1891 Duffy Rd

      INDUSTRIAL (GENERAL) • 172,724 SF
      1891 Duffy Rd, Fernley, NV 89408-8925
      View Details
    • Value Estimation
      $1,540,000
      16,200 SF

      900 Pilot Rd

      INDUSTRIAL (GENERAL) • 16,200 SF
      900 Pilot Rd, Fernley, NV 89408-4636
      View Details
    • Value Estimation
      $905,000
      15,280 SF

      16 Salvadore Dr

      INDUSTRIAL (GENERAL) • 15,280 SF
      16 Salvadore Dr, Fernley, NV 89408-8947
      View Details
    • Value Estimation
      $635,000
      4,900 SF

      18 Salvadore Dr

      INDUSTRIAL (GENERAL) • 4,900 SF
      18 Salvadore Dr, Fernley, NV 89408-8917
      View Details
    • Value Estimation
      $815,000
      26,000 SF

      375 Main St

      INDUSTRIAL (GENERAL) • 26,000 SF
      375 Main St, Fernley, NV 89408
      View Details

    Similar Nearby for Sale

    • New
      $1,750,000

      Industrial Property on 1.90 Acres

      16,150 SF industrial building on a 1.90-acre lot.
      810 W Main St, Fernley, NV 89408
      View Details
    • Contact for pricing
      54,228 SF

      Fernley Industrial Building with Cranes

      54,228 SF industrial building with heavy infrastructure and logistics connectivity.
      375 Industrial Dr, Fernley, NV 89408
      View Details
    • $5,482,026
      8.39 Acres

      Prime Commercial Land in Fernley

      8.39 acres of C-2 land with highway frontage.
      Nevada Pacific Blvd, Fernley, NV 89408
      View Details
    • $1,957,000
      10,104 SF

      Fernley Commercial Building For Sale

      Professional office/medical retail building in growing Fernley, Nevada.
      805 E Main St, Fernley, NV 89408
      View Details
    • $129,000
      5.13 Acres

      Industrial Land in Fernley, Nevada

      5.13 acres of industrial-zoned land with highway access.
      11 Salvage Ln, Fernley, NV 89408
      View Details
    • $179,000
      634.80 Acres

      634 Acre Parcel Near Fernley

      Large land parcel near Fernley, Nevada, suitable for various uses.
      80 4, Fernley, NV 89408
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      105,040 SF

      Fernley Warehouse Space Available

      Available warehouse space in Fernley, Nevada, totaling 105,040 square feet.
      Commerce Center Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      3,240 SF

      Fernley Flex/Industrial Space Available

      Flex/industrial space available for lease in Fernley, Nevada.
      868-890 Cottonwood Ln, Fernley, NV 89408
      View Details
    • $46,080
      255,300 SF

      Fernley Warehouse Sublease Opportunity

      64,000 SF warehouse sublease in Fernley with dock doors.
      2275 E Newlands Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      144,000 SF

      Distribution/Manufacturing Building with Expansion Potential

      Distribution/manufacturing building with ample parking and expansion options available for lease.
      2275 E Newlands Dr, Fernley, NV 89408
      View Details
    • Contact for pricing
      635,195 SF

      Industrial Building in Victory Logistics

      Under construction industrial building with 635,195 SF available for rent.
      Duffy Rd, Fernley, NV 89408
      View Details
    • Contact for pricing
      9,600 SF

      Fernley Shopping Center Development Opportunity

      Ground lease and build-to-suit options available in Fernley, Nevada.
      1600 E Newlands Dr, Fernley, NV 89408
      View Details
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    Fernley, NV 89408-8914
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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