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805 E Main St 10,104 SF 100% Leased Office Building Fernley, NV 89408 $2,512,656 CAD ($248.68 CAD/SF) 7.58% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High visibility with Main Street frontage
  • Professional Office/Medical Retail building located in growing Fernley, NV.

EXECUTIVE SUMMARY

Professional Office/Medical Retail building located in growing Fernley, NV. Sits on 1.080 acres of land and offers high visibility with Main Street frontage. Each unit is individually metered for gas and electric. Current tenants include a veterinarian clinic, dentist, medical insurance and a gaming/card shop. Property is zoned C1, offering a variety of uses, not limited to the current use.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $212,070 $20.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $212,070 $20.99
Taxes $21,188 $2.10
Operating Expenses $19,510 $1.93
Total Expenses $40,698 $4.03
Net Operating Income $171,372 $16.96

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income (CAD)
Annual $212,070
Annual Per SF $20.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $212,070
Annual Per SF $20.99
Taxes (CAD)
Annual $21,188
Annual Per SF $2.10
Operating Expenses (CAD)
Annual $19,510
Annual Per SF $1.93
Total Expenses (CAD)
Annual $40,698
Annual Per SF $4.03
Net Operating Income (CAD)
Annual $171,372
Annual Per SF $16.96

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,104 SF
Building Class
C
Year Built
1991
Price
$2,512,656 CAD
Price Per SF
$248.68 CAD
Cap Rate
7.58%
NOI
$190,543 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,104 SF
Building FAR
0.21
Lot Size
1.08 AC
Zoning
C1 - Commercial Office
Parking
31 Spaces (3.96 Spaces per 1,000 SF Leased)

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Animal Care Center
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Animal Care Center Professional, Scientific, and Technical Services - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
020-222-21
Land Assessment
$161,865 CAD (2025)
Improvements Assessment
$355,060 CAD (2025)
Total Assessment
$516,926 CAD (2025)
Annual Taxes
$21,188 CAD ($2.10 CAD/SF)
Tax Year
2023
  • Listing ID: 33440683

  • Date on Market: 2024-10-07

  • Last Updated:

  • Address: 805 E Main St, Fernley, NV 89408

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