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    1920 Plateau Way unit 8 West Wendover, NV 89883

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    COMMERCIAL - West Wendover, NV

    Property size:
    688 SF
    Lot size:
    3.40 Acres
    Added:
    Oct 7, 2025
    Days on Market:
    204
    Last Refresh:
    Apr 28 at 6:06 am

    Property Features for 1920 Plateau Way unit 8

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Exterior features
    CornerLot, RainGutters, Workshop
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    010-701-028
    Size
    688 SF
    Lot size
    3.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    32767

    Utilities

    Water source
    Public

    Building Details

    Year built
    1985
    Flooring type
    Concrete
    Building materials
    Stucco
    Roof type
    Membrane
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Joe Brown

    Listing agent Joe Brown License #S.0195641

    Listing office Coldwell Banker Commercial Excel 700 Idaho Street, Elko, NV

    Listing date Oct 7, 2025

    MLS# 3626975 Listing URL

    Copyright © 2026 Elko County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Wendover Shop Space Available

    Located along the I80 side of the West Wendover Plaza shopping center, Unit 8 offers 688 square feet of shop space. The unit features an open concept work area, solid flooring, and rear storage space with water and drains. It provides conducive service space with private access and parking for both employees and clients. This is an external suite with built-in restrooms. Potential uses include auto detailing, light auto repair, window tenting, fabrication, professional services, and technical services. The property is situated on a 3.4-acre lot. The lease term is 36 months, with the first month's rent and a security deposit required to secure the suite. This service bay can be combined with an adjacent 340-square-foot office space (Unit 7).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    West Wendover
    County
    Elko
    State
    Nevada
    Longitude
    -114.135
    Latitude
    40.7438

    Nearby Similar for Lease

    • Contact for pricing

      West Wendover Plaza Retail Space

      Up to 6,000 SF available in January 2026.
      1940 Plateau Way unit: 1940, West Wendover, NV 89883
      View Details
    • Contact for pricing

      West Wendover Plaza Retail Space

      Commercial space available in West Wendover Plaza shopping center.
      1920 Plateau Way unit: 7, West Wendover, NV 89883
      View Details
    • Contact for pricing

      West Wendover Plaza Retail Space

      Available space in West Wendover Plaza shopping center.
      1920 Plateau Way unit: 6, West Wendover, NV 89883
      View Details

    FAQs

    What type of property is this?
    Auto shop - Shop space in West Wendover Plaza shopping center available now.
    Where is this auto shop located?
    The property is located at 1920 Plateau Way unit 8 West Wendover, NV.
    What are key features of this property?
    This property features: Open concept shop space in West Wendover Plaza with I‑80 visibility.; Water and drains available, plus rear storage space.; Private access and parking for employees and clients.
    (775) 777-5311
    We can help!
    Listing Contact
    Joe Brown
    Real Estate License ID: S.0195641
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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