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    1940 Plateau Way unit 1940 West Wendover, NV 89883

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    COMMERCIAL - West Wendover, NV

    Property size:
    6,000 SF
    Lot size:
    3.40 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    168
    Last Refresh:
    May 6 at 10:06 am

    Property Features for 1940 Plateau Way unit 1940

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Patio and Porch features
    Patio
    Exterior features
    CoveredPatio
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    010-701-028
    Size
    6,000 SF
    Lot size
    3.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    32767

    Utilities

    Heating system
    Propane (Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1985
    Flooring type
    Carpet
    Building materials
    Block, Stucco
    Roof type
    Membrane, Asphalt

    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 Nov 19, 2025

    MLS# 3627147 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 Plaza Retail Space

    The West Wendover Plaza offers up to 6,000 square feet of space suitable for business, retail, or storage, becoming available in January 2026. The property consists of three 2,000-square-foot suites with an open wall between them, creating an open floor plan. Each 2,000-square-foot suite is equipped with its own power meter, restroom, storefront, and rear access. The lease structure is modified gross without a CAM fee. The property is located in West Wendover, Nevada, in the 89883 postal code area, within Elko County. The lot size is 3.4 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    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

      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 Shop Space Available

      Shop space in West Wendover Plaza shopping center available now.
      1920 Plateau Way unit: 8, 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?
    Strip mall - Up to 6,000 SF available in January 2026.
    Where is this strip mall located?
    The property is located at 1940 Plateau Way unit 1940 West Wendover, NV.
    What are key features of this property?
    This property features: Up to 6,000 square feet available, ideal for business, retail, or storage.; Suites can be leased separately (2,000 sf each) or combined for an open floor plan.; Each 2,000 sf suite features its own power meter, restroom, storefront, and rear access.
    (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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