111 Industrial WayFallon, NV 89406

Property Details for 111 Industrial Way

Year built

1996

Construction

CONCRETE BLOCKS

Lot size

0.52 AC

Property size (Sq ft)

5,700 SF

Zone code

LI

Property type

Office buildings

APN

001-251-41

APU

125141

Description

This exceptional 7,000 square foot commercial office building presents a compelling investment opportunity in Fallon, Nevada. Located at 111 Industrial Way, the property sits on a 0.52-acre lot and is currently occupied by the Nevada Department of Health and Human Services, Division of Welfare and Supportive Services under a five-year lease. The tenant's consistent monthly rent of $8,618.37 provides a strong, predictable cash flow. The building's substantial size offers ample space for the current tenant and potential for future expansion or adaptation to other commercial uses. The property's strategic location in Fallon offers easy access to major transportation routes and a growing local economy. This is an ideal investment for those seeking a stable, high-return asset with a long-term tenant in place. The asking price is $1,200,000, representing a significant opportunity for passive income generation and potential appreciation. The property's solid construction and established tenancy make it a low-risk, high-reward investment prospect. Serious inquiries are encouraged to explore this lucrative opportunity further. Detailed financial statements and lease agreements are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,084,151

  6.5%

  $1,000,754

  7%

  $929,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,305,243

  Geo Method

  $1,305,243

• Alternative Use

  Use

  Valuation

  Residential

  $1,240,936

  Hospitality

  $1,136,690

  Educational

  $945,713

  Medical

  $978,237

  Retail

  $1,471,109

Location Insight

City

Fallon

County

Churchill

State

Nevada

Latitude

39.4738

Longitude

-118.796

CBSA code

21980

CBSA name

FALLON, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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