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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Industrial properties
250 Logan Ln Fernley, NV 89408-7742
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0895518
Property summary
AI-generated overview
This exceptional Class A industrial flex space, located at 250 Logan Ln, Fernley, NV 89408, offers 4,000 total square feet across two buildings in the Logan Lane Business Park. Built in 2023, this single-story property features 17-foot clear ceilings and three drive-in doors, providing ample space and convenient access. Currently, a minimum of 2,950 square feet is divisible, ideal for various business needs. The property boasts modern amenities including LED lighting and gas-fired warehouse heating. Power is supplied by a 200 amp, 240-volt, 3-phase system. Zoned for Employment Center use, this property is perfect for businesses seeking a functional and efficient workspace. The building is constructed of metal and includes a 12' x 12' grade-level door. The property's location in Fernley, Nevada offers easy access to major transportation routes. This is a rare opportunity to secure a high-quality, newly constructed industrial space in a thriving business park.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Total area
20,000 SF
Lot
8.7 ac (378,972 SF)
Zoning code
EC
APN
021-071-28
UPID
US62-0895518
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
$1.91M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.66M
Owner & transaction history
Sandbank Properties II LLC · 4 yrs held
Sandbank Properties II LLC
since 2021
3 recorded transactions
Zoning & alternative use
EC · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+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%
$2,060,000
6.5%
$1,905,000
7%
$1,765,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,850,000
Current use
OFFICE BUILDING
$1,915,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$83 / 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
$25,202
Tax year 2024
Assessed value
$653,934
Assessed 2024
Previous assessed
$399,469
+63.7% YoY
Effective rate
3.85%
On assessed value
Assessed land
$198,960
Assessed improvement
$454,974
Land market value
$568,458
Improvement market value
$1,299,926
Total market value
$1,868,384
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
2008
Heating
NONE
Buildings
2
Units
2
Total area
20,000 SF
Lot
8.7 ac (378,972 SF)
Zoning code
EC
APN
021-071-28
UPID
US62-0895518
Jurisdiction
LYON
Zoning & alternative use
EC · Fernley, NV
Zoning EC · permitted uses
EC · 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
$1.9M
OFFICE BUILDING
Est. value
$1.9M
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
2008
Heating
NONE
Buildings
2
Units
2
Lot
8.7 ac
Current owner
From public records · entity-resolved
Sandbank Properties II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 21038, RENO, NV 89515-1038
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2022
—
Sandbank Properties II LLC
—
Deed
related
$1,500,000 · Zb NA
Dec 29, 2021
—
Sandbank Properties II LLC
Sandbank Associates
Bargain And Sale Deed
—
Feb 4, 2004
$568,458
Sandbank & Associates
Logan Trust
Grant Deed
$356,458 · Logan Trust (tr)
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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