Property profile

872 Cottonwood Ln Fernley, NV 89408

FOR LEASE
Office buildings
Property ID
US62-0894535
39,035 SF 0.07 ac lot Built 2005
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,240-square-foot flex space, located at 872 Cottonwood Ln in Fernley, Nevada, presents a fantastic opportunity for businesses seeking a versatile and functional property. Built in 2005, the building boasts a single-tenant occupancy, offering complete control and privacy. The property is zoned C2, providing flexibility for a variety of commercial uses. Ample unassigned parking is available for employees and customers, ensuring convenient access. The entire 3,240 square feet is currently vacant and ready for immediate occupancy. The property's location in Lyon County, Nevada, offers easy access to major transportation routes, making it an ideal location for businesses needing convenient access to the surrounding area. The property's parcel number (APN) is 021-591-05. This single-tenant retail and industrial space is perfect for a business seeking a modern, well-maintained facility with ample space and parking. The property's layout is adaptable to a variety of business needs, making it an excellent choice for companies looking to establish a strong presence in the Fernley market. The year built is 2005, indicating a relatively newer construction with modern amenities. This property offers a unique blend of retail and industrial space, making it suitable for a wide range of businesses. Contact us today to schedule a viewing.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2005
Total area 39,035 SF
Lot 0.07 ac (3,223 SF)
Zoning code C2
APN 021-591-05
UPID US62-0894535

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

872 Cottonwood Ln Fernley, NV 89408
Fernley metro Census 960104 FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$955k

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2016
$800,000
2010
$14,837
2007
$3.6M
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Fernley, NV
Zoning description

C2, general commercial. (1) Purpose. This district is intended to create and preserve areas for businesses that provide a variety of wholesale and retail goods and services and serve a community or regional market. Typic…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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