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    Property profile & analytics

    55 Ctr St Fernley, NV 89408-7710

    • Office buildings
    • 6,000 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2022
    $1,000,000
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0894174
    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

    • Office buildings

    Property Details for 55 Ctr St

    Year built
    1996
    Lot size
    0.32 lot acres
    Property size
    6,000 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    020-016-13
    APU
    2001613

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $905,000
      ML approach
      $870,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $575,000
      Current use
      COMMERCIAL (GENERAL)
      $1,445,000
      Change: +151% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.252
    Latitude
    39.6083
    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
    $6,973
    $34,300
    $137,597
    $171,897
    -
    $98,000
    $393,134
    $491,134

    Comparable in this City

    • Value Estimation by Request
      3,960 SF

      140 Main St

      PROFESSIONAL BUILDING • 3,960 SF
      140 Main St, Fernley, NV 89408-7709
      View Details
    • Value Estimation by Request
      2,400 SF

      415 Us Hwy 95th S

      PROFESSIONAL BUILDING • 2,400 SF
      415 Us Hwy 95th S, Fernley, NV 89408-9261
      View Details
    • Value Estimation by Request
      2,500 SF

      415 Us Hwy 95th S

      PROFESSIONAL BUILDING • 2,500 SF
      415 Us Hwy 95th S, Fernley, NV 89408-9261
      View Details
    • Value Estimation
      $755,000
      6,040 SF

      240 Us Hwy 95th S

      PROFESSIONAL BUILDING • 6,040 SF
      240 Us Hwy 95th S, Fernley, NV 89408-9737
      View Details
    • Value Estimation by Request
      39,035 SF

      882 Cottonwood Ln

      PROFESSIONAL BUILDING • 39,035 SF
      882 Cottonwood Ln, Fernley, NV 89408-9610
      View Details
    • Value Estimation by Request
      4,256 SF

      165 Main St

      PROFESSIONAL BUILDING • 4,256 SF
      165 Main St, Fernley, NV 89408-7733
      View Details

    Similar Nearby for Sale

    • New
      $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
    • $159,900
      0.46 Acres

      Commercial Land on Main Street

      Commercial land with C1 zoning in growing Fernley, Nevada.
      420 W Main St, Fernley, NV 89408
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    • $1,775,000
      6,075 SF

      Fernley Commercial Property Portfolio

      Versatile commercial property portfolio with redevelopment potential in Fernley, Nevada.
      280 E Main St, Fernley, NV 89408
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    • $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
    • $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
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    Similar Nearby for Lease

    • $1,700 /Mo
      990 SF

      Commercial Building on Main Street

      Commercial building on Main Street in Fernley, Nevada available for rent.
      145 Main St, Fernley, NV 89408
      View Details
    • Contact for pricing
      551 SF

      Fernley Office Space Available

      Office space available for lease in Fernley, Nevada.
      45 W Cedar St, 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
    • Contact for pricing
      105,040 SF

      Fernley Warehouse Space Available

      Available warehouse space in Fernley, Nevada, totaling 105,040 square feet.
      Commerce Ctr 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
    • Contact for pricing
      5,786 SF

      Retail Building in Fernley, Nevada

      Retail building featuring 5,786 square feet available for lease.
      W Newlands Dr, Fernley, NV 89408
      View Details
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    Fernley, NV 89408-7710
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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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