$500,000 Active

9.3 Acres off of Highland Drive

Fallon, NV 89406

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STR Status Unknown

About This Property

Development opportunity at Fallon Golf Course. 9.3 acres located off of Highland Dr. This property had an approved tentative map for 19 lots in 2006 but has since expired. Possible approval for 4 lots per acre. County water is located on Highland Drive & Country Club Drive & possible sewer close by. Purchase price includes 18 sewer hook up's. Prior PUD was called Vista Del Verde. County would prefer before giving too much information that all serious buyers call them with their development ideas., parcel numbers included in the purchase price are 008-391-52, 008-391-57, 010-352-27 and 010-352-30. Buyer to verify taxes.

Listed by Cari Norcutt — Berney Realty, LTD

Listing Details

Status Active

MLS # 220003145

Days on Market 157

Property History

May 18, 2026

Listed for sale

$500,000

Property Overview

Lot Size 9.30 acres

Property Type Land

APN 008-391-52

Exterior & Lot

Lot Features Cul-De-Sac, Gentle Sloping, Level, On Golf Course, Corners Marked

View Golf Course, Mountain(s)

Financial

Annual Tax $2,900

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

$2,770 per month

Principal & interest

$2,528/mo

Property taxes

$242/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% ($100,000)

Home price

$500,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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