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460 W Main St 14,812 SF 92% Leased Retail Building Fernley, NV 89408 $2,000,000 ($135.03/SF) 6.53% Cap Rate
Investment Highlights
- Annual Average Daily Traffic (Per NDOT) is 11,500
- 200+ Amp Service
- 5 established tenants occupying 11 of the 12 units
Executive Summary
Prime Retail Investment in the Heart of Fernley! The Fernley Commerce Center offers a rare opportunity to acquire a well-located retail plaza along high-visibility W. Main Street in Fernley's growing downtown corridor. Built in 2005 and totaling 14,812 sq. ft. across 12 units, this center is home to five established tenants (occupying 11 units) spanning dining, services, and community-oriented uses—creating a stable foundation for long-term occupancy. Positioned on 0.34 acres with 119 shared parking spaces, the property features modern construction, ADA accessibility, central heating and cooling, fire sprinklers, and public utilities. Its strong street presence, easy access, and proximity to surrounding residential neighborhoods make it a consistent draw for both local traffic and destination customers. With its solid tenant mix, strategic location, and well-maintained condition, the Fernley Commerce Center stands out as a compelling retail investment in one of Northern Nevada's most active growth markets. Seller has 37 percent ownership of parking lot which is to be conveyed in purchase. Parking is open parking and shared with the bowling alley next door; parking count features is not exact.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,812 SF
Building Class
B
Year Built
2005
Price
$2,000,000
Price Per SF
$135.03
Cap Rate
6.53%
NOI
$130,652
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C1 - General Commercial
Parking
119 Spaces (8.03 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
- Smoke Detector
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-113-11 | Improvements Assessment | $410,764 (2025) |
| Land Assessment | $64,041 (2025) | Total Assessment | $474,805 (2025) |
Property Taxes
Parcel Number
020-113-11
Land Assessment
$64,041 (2025)
Improvements Assessment
$410,764 (2025)
Total Assessment
$474,805 (2025)
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460 W Main St
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