985 Williams AveFallon, NV 89406

Property Details for 985 Williams Ave

Year built

1980

Construction

CONCRETE BLOCKS

Lot size

0.80 AC

Property size (Sq ft)

5,004 SF

Zone code

C1

Property type

Office buildings

APN

001-271-06

APU

127106

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $951,763

  6.5%

  $878,550

  7%

  $815,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,145,866

  Geo Method

  $1,145,866

• Alternative Use

  Use

  Valuation

  Residential

  $1,089,402

  Hospitality

  $997,887

  Educational

  $830,230

  Medical

  $858,783

  Retail

  $1,291,469

Location Insight

City

Fallon

County

Churchill

State

Nevada

Latitude

39.4742

Longitude

-118.79

CBSA code

21980

CBSA name

FALLON, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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