610 Desert Shadows Ln Fernley, NV 89408
For Sale
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This exceptional 8.63-acre property in Fernley, Nevada, presents a unique investment opportunity: a fully approved 23-lot subdivision. Each lot boasts over 0.25 acres, providing ample space for substantial homes with diverse floor plans. All water rights are securely banked with the City of Fernley, ensuring a smooth and sustainable development process. The subdivision enjoys stunning mountain views and a prime location near Fernley High School, combining tranquil residential living with convenient access to education. This turnkey project offers a chance to create a highly desirable community in a rapidly growing area. The approved tentative map and secured water rights minimize development hurdles, allowing for a swift and efficient build-out. Invest in this promising venture and capitalize on Fernley's expanding residential market. This is more than land
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.