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Property profile & analytics
OFF-MARKET Estimated value $655,000
Apartment buildings

575 Farm District Rd Fernley, NV 89408-8731

4,078 SF 0.91 ac lot Built 2000
Individually Owned 4-yr Hold Free & Clear
Property ID
US62-0894124
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2000
Total area 4,078 SF
Lot 0.91 ac (39,814 SF)
Zoning code SF20
APN 021-111-47
UPID US62-0894124
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
$520k
CAP Approach CAP
$810k
Comparable Approach Comparable
$577k
Blend (final) Blend
$655k
Owner & transaction history
Jose Organa Castillo JR · 4 yrs held
Jose Organa Castillo JR
since 2022
Last sale
$700,100
3 recorded transactions
2025
Price N/A
2022
Price N/A
2018
$700,100
Zoning & alternative use
SF20 · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

SF20, residential single-family - 20,000 square feet. (1) Purpose. This district is intended to preserve areas where single-family, detached homes on half acre lots are predominant. The maximum number of dwelling units that may be located in this district is two units per one acre. (f) SF12, residential single-family - 12,000 square feet. (1) Purpose. This d…

Zone name Residential Single Family 20000 Square Feet Minimum
General category RESIDENTIAL
Zone area 443.22 ac
Source code of ordinances
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