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    Flex Office and Warehouse Building Title is generated by Realmo AI

    402 State Route 278, Carlin, NV 89822

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    COMMERCIAL - Carlin, NV

    Property size:
    2,040 SF
    Lot size:
    2.59 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 402 State Route 278

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    002-230-011
    Size
    2,040 SF
    Lot size
    2.59 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2267

    Building Details

    Year built
    1977
    Flooring type
    Concrete
    Building materials
    Log
    Roof type
    Metal

    We can help!

    Listing Contact
    Traci Escalanti
    Traci Escalanti

    Listing agent Traci Escalanti License #S.0186673

    Listing office Elko Realty 1085 idaho St., Elko, NV

    Listing date Jun 4, 2026

    MLS# 3627955 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.

    HighLights

    • 2.5‑acre commercial property with frontage on State Highway 278 and prime access to I‑80
    • 2,040 SF building with flexible layout for uses such as professional offices or contractor headquarters
    • Log construction with metal roof and concrete flooring
    • Expansive lot for parking, equipment storage, fleet vehicles, or outdoor operations
    • Versatile office space inside the building
    • Year built: 1977

    Overview

    This flex-style commercial building totals 2,040 square feet and includes flexible office space. The interior layout is designed to support a range of business uses, including professional offices or a contractor headquarters, with room to adapt for different operating needs.

    The property sits on approximately 2.59 acres and offers frontage along State Highway 278. Access to I-80 is described as convenient, supporting drive-up customer traffic and day-to-day logistics.

    The combination of office space and available outdoor land makes the property practical for tenants that need both administrative space and operational capacity. The expansive lot can support parking and outdoor equipment or storage needs, including fleet vehicles and other outdoor operations associated with contracting and similar uses. Overall, it’s a straightforward option for operators looking for a flexible building on a sizable parcel with highway-oriented visibility and access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Carlin
    County
    Elko
    State
    Nevada
    Longitude
    -116.1308347
    Latitude
    40.7033873

    FAQs

    What type of property is this?
    Flex space - Flex-style building with office space and expansive outdoor lot for parking, equipment storage, and contractor or operations use.
    Where is this flex space located?
    The property is located at 402 State Route 278 Carlin, NV.
    What are key features of this property?
    This property features: 2.5‑acre commercial property with frontage on State Highway 278 and prime access to I‑80; 2,040 SF building with flexible layout for uses such as professional offices or contractor headquarters; Log construction with metal roof and concrete flooring
    (775) 934-9706
    We can help!
    Listing Contact
    Traci Escalanti
    Traci Escalanti
    Real Estate License ID: S.0186673
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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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