$399,900
Active
40.23 Acres Workman Road
Fallon, NV 89406
STR Status Unknown
About This Property
Great buy on this 40+ acres with water rights. Located on the west side of Fallon, Nevada close to Soda Lake Recreation Area. Power is close by and property can be subdivided. Water right statement is located in the document section.
Listed by Cari Norcutt — Berney Realty, LTD
Listing Details
Status
Active
MLS #
260003766
Days on Market
65
Property History
Apr 01, 2026
Listed for sale
$399,900
Property Overview
Lot Size
40.23 acres
Property Type
Land
APN
008-071-73
Exterior & Lot
Lot Features
Greenbelt, Level
View
Desert, Mountain(s), Valley
Financial
Annual Tax
$2,349
Schools
Elementary School
Fallon/Other
Middle School
Churchill
High School
Churchill
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
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
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($79,980)
Home price
$399,900
Loan details
30-yr fixed, 6.5%
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