$475,000 $520,000 ↓ $45,000 reduced Active Under Contract

7135 Reno Highway

Fallon, NV 89406

This home is under contract. See 6 similar homes for sale in and around Fallon ↓

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STR Status Unknown

About This Property

Commercial Property right on the highway to Las Vegas 24 hour Traffic goes right in front of this property Perfect location for your business, Ingress and Egress off Reno Hwy exists Commercial Well, Septic, Electric, Sign all on the property. This is the Old Drive in Theater property. Take a look at this property, we are happy to show you around the property. More photos to come., Right off Hwy 50 alt. No warranty on utilities, documents coming from NDOT and Well & Septic information. (no warranties) Large sign on the property, can't miss it. Seller is Listing Agent, along with other owners

Listed by Leslie Beach — RE/MAX Connection

Listing Details

Status Active Under Contract

MLS # 160003103

Days on Market 3877

Property History

Mar 11, 2016

Listed for sale

$520,000

Aug 14, 2026

Pending

$475,000

Property Overview

Lot Size 6.52 acres

Property Type Land

APN 007-251-57

Exterior & Lot

Lot Features Level, Corners Marked

View Mountain(s)

Financial

Annual Tax $625

Schools

Elementary School Lahontan

Middle School Churchill

High School Churchill

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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis

STRUCTURAL SCORE —

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PROJECTED GROSS ANNUAL REVENUE

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Avg Nightly

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Occupancy

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Cap Rate

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STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$2,454 per month

Principal & interest

$2,402/mo

Property taxes

$52/mo

The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.

HOA dues

$0/mo

From MLS listing data.

Home insurance

$0/mo

Land — no home to insure, so no insurance estimate.

Down payment

20% ($95,000)

Home price

$475,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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