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Property profile & analytics
OFF-MARKET
Estimated value
$11,140,000
Industrial properties
240 Nevada Pacific Pkwy Fernley, NV 89408-8954
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0887110
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2016
Total area
118,270 SF
Lot
28.47 ac (1,240,153 SF)
Zoning code
I
APN
021-251-22
UPID
US62-0887110
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
$11.67M
CAP Approach
CAP
$11.26M
Comparable Approach
Comparable
$11.10M
Blend (final)
Blend
$11.14M
Owner & transaction history
Deceuninck North America LLC · 5 yrs held
Deceuninck North America LLC
since 2020
Last sale
$11.1M
6 recorded transactions
Zoning & alternative use
I · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.3M
+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
$15,575,000
ML approach
$11,665,000
CAP Approach
CAP Return
Estimation
6%
$12,190,000
6.5%
$11,255,000
7%
$10,450,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,950,000
Current use
OFFICE BUILDING
$11,335,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$11.14M
Range $10.03M – $12.25M · ±10% · vs last sale $11.10M (Sep 17 2020)
Last sale anchor
$11.10M
Sep 17 2020
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
$94 / 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
$208,323
Tax year 2024
Assessed value
$5,917,523
Assessed 2024
Previous assessed
$5,438,650
+8.8% YoY
Effective rate
3.52%
On assessed value
Assessed land
$802,999
Assessed improvement
$5,114,524
Land market value
$2,294,283
Improvement market value
$14,612,925
Total market value
$16,907,208
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
2016
Heating
NONE
Buildings
1
Units
1
Total area
118,270 SF
Lot
28.47 ac (1,240,153 SF)
Zoning code
I
APN
021-251-22
UPID
US62-0887110
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
$11.0M
OFFICE BUILDING
Est. value
$11.3M
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
2016
Heating
NONE
Buildings
1
Units
1
Lot
28.47 ac
Current owner
From public records · entity-resolved
Deceuninck North America LLC
Entity
Free & Clear · 5 yrs held
Mailing address
351 N GARVER RD, MONROE, OH 45050-1233
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2020
—
Deceuninck North America LLC
Kbc Net Lease Investments LLC
Grant Deed
—
Dec 15, 2015
$1,798,222
Kbc Net Lease Investments LLC
Dks Holdings LLC
Grant Deed
—
Sep 22, 2006
$2,762,902
Dks Holdings LLC
Sonterra Dev Co LLC
Grant Deed
—
Jun 30, 2004
$7,591,602
Wilsey Alfred S JR Trust
Wade Of Fernley
Grant Deed
—
Jun 30, 2004
$4,554,961
Sonterra Dev Co LLC
Wilsey Alfred S JR Trust
Grant Deed
—
Jun 30, 2004
$3,036,640
Sonterra Dev Co LLC
Wade Co LLC
Grant Deed
—
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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