Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220 Water St Elko, NV 89801

    View on Map
    Sponsored
    For Sale
    $100,000

    LAND - Elko, NV

    Lot size:
    0.28 Acres
    Days on Market:
    36
    Last Refresh:
    Mar 7 at 5:06 am

    Property Features for 220 Water St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    001-390-003
    Exterior features
    FullyFenced
    Fencing
    Fenced
    Lot size
    0.28 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Victoria Torres

    Coldwell Banker Algerio/Q-Team Realty (775) 738-4078

    Listing agent Victoria Torres (775) 738-4078 License #S.0195619

    Listing date Jan 31, 2026

    MLS# 3627315 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.

    Learn more

    Property Insight Report

    Overview

    Elko, Nevada Land Opportunity

    Located in Elko, Nevada, this offering features a light industrial/general industrial land opportunity. The property consists of three adjacent parcels located at 200 Water Street, 220 Water Street, and 240 Water Street. The total lot size is 0.278 acres. The seller prefers to sell all three parcels (001-390-002, 001-390-003, 001-390-004) together but will consider offers on individual parcels. Owner financing is available. Buyers are responsible for verifying zoning use and restrictions, utilities, and access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elko
    County
    Elko
    State
    Nevada
    Longitude
    -115.7620381
    Latitude
    40.8270158

    Nearby Similar for Sale

    • $900,000
      5,388 SF

      Medical Facility Near NNRH

      5,388 SF medical facility with specialized rooms in Elko, NV.
      2003 Errecart Blvd, Elko, NV 89801
      View Details
    • Contact for pricing
      5,804 SF

      Elko Office Building For Sale

      5,804 SF office building located in Elko, Nevada.
      1501 Lamoille Hwy, Elko, NV 89801
      View Details
    • $1,225,000
      7 SF

      Established Restaurant with Real Estate

      Profitable restaurant with real estate, FF&E, and established brand.
      351 Silver St Elko, Elko, NV 89801
      View Details
    • $245,000

      Elko Commercial Investment Opportunity

      Commercial property with restaurant/bar potential and residential space.
      238 3Rd St, Elko, NV 89801
      View Details
    • Contact for pricing

      Elko Horse Breeding/Training Property

      Horse breeding and training property with home and barns.
      2110 Pratt Dr, Elko, NV
      View Details
    • $1,295,000

      Elko County Industrial Building

      Versatile industrial building with city utilities and income potential.
      2155 Last Chance Rd, Elko, NV 89801
      View Details
    • $990,000
      5,869 SF

      Elko Commercial Building - Great Location

      Spacious commercial building, prime Elko location.
      2640 Ruby Vista Dr, Elko, NV 89801
      View Details
    • $900,000
      5,000 SF

      Elko Commercial Building - Prime Location

      Versatile 5,000 sq ft commercial space, great income potential.
      1750 Manzanita Ln, Elko, NV 89801
      View Details
    • $1,700,000
      11,433 SF

      Downtown Elko Commercial Gem

      High-traffic location, three tenants, versatile space.
      118 2Nd St, Elko, NV 89801
      View Details
    • $1,800,000
      25,593 SF

      Stay Express Inn: Elko, NV

      Profitable Hotel, Recently Renovated
      1349 Idaho St, Elko, NV 89801
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three adjacent parcels available in Elko, Nevada.
    Where is this commercial land located?
    The property is located at 220 Water St Elko, NV.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Three adjacent parcels offer **significant development potential**.; - Located in Elko, Nevada, providing access to local markets and resources.; - Zoned for Light Industrial/General Industrial use.
    (775) 738-4078
    Request Owner's contact information
    220 Water St Elko, NV 89801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220 Water St
    Elko, NV 89801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    220 Water St Elko, NV 89801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Victoria Torres
    Real Estate License ID: S.0195619
    (775) 738-4078
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!