985 Williams Ave Fallon, NV 89406-2631
This exceptional investment opportunity presents a 19-unit commercial complex ideally situated on Williams Avenue in Fallon, Nevada. The property encompasses a substantial 19,722 square feet of building space on a 1.48-acre lot. Currently, eight of the nineteen units are occupied, offering immediate cash flow. The majority of the units are approximately 1,000 square feet each, commanding rental rates exceeding $0.60 per square foot. All buildings and individual units are well-maintained and in good condition, minimizing immediate capital expenditure needs. The property's strong tenant base contributes to a stable income stream. Landlord responsibilities include water and sewer services, while tenants are responsible for all other utilities. This established complex presents a compelling investment opportunity with significant upside potential for future growth and increased profitability. The prime location on Williams Avenue ensures high visibility and accessibility, attracting a diverse range of potential tenants. The property's size and layout offer flexibility for a variety of commercial uses, making it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in the thriving Fallon market. This is a rare chance to acquire a well-established, income-producing commercial property in a desirable location.
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Rural Emergency Assistance Project Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Fallon, NVNo 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.