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Property profile & analytics
OFF-MARKET
Estimated value
$26,880,000
Industrial properties
2375 Newlands E Dr Fernley, NV 89408-8914
Entity Owned
12-yr Hold
Free & Clear
Property ID
US62-0868354
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
336,726 SF
Lot
20 ac (871,200 SF)
Zoning code
I
APN
021-251-24
UPID
US62-0868354
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
$32.04M
Comparable Approach
Comparable
$31.58M
Blend (final)
Blend
$26.88M
Owner & transaction history
Cole Id Fernley Nv LLC · 12 yrs held
Cole Id Fernley Nv LLC
since 2013
4 recorded transactions
Zoning & alternative use
I · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$32.3M
+3.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fernley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fernley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$34,710,000
6.5%
$32,040,000
7%
$29,750,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$31,170,000
Current use
OFFICE BUILDING
$32,280,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$26.88M
Range $24.19M – $29.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$258,119
Tax year 2024
Assessed value
$7,584,645
Assessed 2024
Previous assessed
$6,906,713
+9.8% YoY
Effective rate
3.40%
On assessed value
Assessed land
$686,070
Assessed improvement
$6,898,575
Land market value
$1,960,200
Improvement market value
$19,710,215
Total market value
$21,670,415
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
1
Units
1
Total area
336,726 SF
Lot
20 ac (871,200 SF)
Zoning code
I
APN
021-251-24
UPID
US62-0868354
Jurisdiction
LYON
Zoning & alternative use
I · Fernley, NV
Zoning I · permitted uses
I · Fernley, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fernley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$31.2M
OFFICE BUILDING
Est. value
$32.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Buildings
1
Units
1
Lot
20 ac
Current owner
From public records · entity-resolved
Cole Id Fernley Nv LLC
Entity
Free & Clear · 12 yrs held
Mailing address
255 WASHINGTON ST STE #270, NEWTON, MA 02458-1634
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
Ilpt Fernley LLC
—
Deed
related
—
Aug 16, 2013
$16,100,100
Cole Id Fernley Nv LLC
Pancal Fernley 300 LLC
Grant Deed
—
Dec 30, 2010
$15,771,828
Pancal Fernley 300 LLC
Fernley 337 Dev LLC
Grant Deed
—
Dec 5, 2007
$2,003,760
Fernley 337 Dev LLC
Sonterra Dev Co LLC
Grant Deed
$14,775,000 · California Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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