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Property profile & analytics
OFF-MARKET Estimated value $2,875,000
Apartment buildings

350 Willow Way Fernley, NV 89408-8735

6,476 SF 3.44 ac lot Built 2004
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US62-0894492
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2004
Total area 6,476 SF
Lot 3.44 ac (149,846 SF)
Zoning code MF30
APN 020-102-16
UPID US62-0894492
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
by Request
Blend (final) Blend
$2.88M
Owner & transaction history
Lahontan Springs Apartments LLC · 5 yrs held
Lahontan Springs Apartments LLC
since 2021
Last sale
$2.8M
3 recorded transactions
2021
$2.8M
2004
Price N/A
1969
Price N/A
Zoning & alternative use
MF30 · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

MF30, residential multifamily - 30 dwelling units per acre. (1) Purpose. This district is intended to preserve areas for high density multifamily housing types, even though single-family detached and limited nonresidential uses are allowed to meet the diverse needs of residents. Projects in this district are encouraged to provide amenities to offset the impa…

Zone name Residential Multiple Family 30 Dwelling Unit Per Acre Maximum
General category RESIDENTIAL
Zone area 158.22 ac
Source code of ordinances
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