Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Apartment buildings
602 Timothy Way Fallon, NV 89406-2745
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0262669
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1994
Construction
FRAME
Total area
9,630 SF
Lot
0.43 ac (18,818 SF)
Zoning code
C1
APN
001-035-25
UPID
US62-0262669
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
$520k
Owner & transaction history
Grace Estates LLC · 4 yrs held
Grace Estates LLC
since 2022
7 recorded transactions
Zoning & alternative use
C1 · Fallon, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fallon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$54 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,652
Tax year 2023
Assessed value
$246,500
Assessed 2023
Previous assessed
$274,240
-10.1% YoY
Effective rate
2.70%
On assessed value
Assessed land
$32,900
Assessed improvement
$213,600
Land market value
$94,000
Improvement market value
$610,286
Total market value
$704,286
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
YES
Cooling
YES
Stories
2
Units
8
Bathrooms
16
Total area
9,630 SF
Lot
0.43 ac (18,818 SF)
Zoning code
C1
APN
001-035-25
UPID
US62-0262669
Jurisdiction
CHURCHILL
Zoning & alternative use
C1 · Fallon, NVZoning C1 · permitted uses
C1 · Fallon, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
8
Bathrooms
16
Lot
0.43 ac
Current owner
From public records · entity-resolved
Grace Estates LLC
Entity
Free & Clear · 4 yrs held
Mailing address
998 SHECKLER CUT OFF, FALLON, NV 89406-9206
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
—
Grace Estates LLC
Robert E Brigham III
Quit Claim Deed
related
—
Mar 31, 2022
—
Robert E Brigham III
Linda Vista Apartments LLC
Re-recorded Document
related
—
Nov 1, 2017
—
Linda Vista Apts LLC 602 Serie
Sullivan Living Trust
Grant Deed
—
Dec 20, 2016
—
Jay D Sullivan
Radig Family Trust
Grant Deed
related
—
Dec 19, 2016
$1,050,000
Jay D Sullivan
Radig Family Trust
Grant Deed
$807,000 · Greater Nv Cu
Dec 19, 2016
—
Sonja K Radig
Radig,curtis D
Quit Claim Deed
related
—
Jun 3, 2010
—
Sonja K Radig
Hinds,jeffrey
Grant Deed
related
—
Dec 11, 2009
—
Jeffrey Hinds
Debottari L A Living Trust
Grant Deed
—
Jun 27, 2007
—
Debottari Louis A Living Trust
Debottari,louis A
Quit Claim Deed
related
—
Nov 29, 2004
—
Louis A Debottari
Debottari,louis A & Sonja K
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 602 Timothy Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
