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

    609 Sheehan Street Winnemucca, NV 89445

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - Winnemucca, NV

    Lot size:
    0.66 Acres
    Added:
    Oct 5, 2024
    Days on Market:
    570
    Last Refresh:
    Apr 27 at 6:06 pm

    Property Features for 609 Sheehan Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    G-C
    Standard status
    Active
    APN
    15-0383-08
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1330

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Michael Andrews
    Michael Andrews

    Listing agent Michael Andrews License #B.1001246

    Listing office RE/MAX Great Basin Realty 566 Hanson Street, Suite 3, Winnemucca, NV

    Listing date Oct 5, 2024

    MLS# 240012902 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lot in Winnemucca

    This 0.66-acre commercially zoned parcel is centrally located and offers an opportunity for a destination retail business or development project. As a corner lot, it provides visibility and easy access. The property has full utility access, including water, sewer, power, natural gas, and high-speed internet/cell service. It is development-ready with a paved road, curb, gutter, and sidewalk fronting the property, making it suited for retail, office, or other commercial ventures. The property is located in Winnemucca, Nevada.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Winnemucca
    County
    Humboldt
    State
    Nevada
    Longitude
    -117.738441
    Latitude
    40.965591

    Nearby Similar for Sale

    • $1,300,000
      6,732 SF

      Winnemucca Commercial Buildings For Sale

      Two commercial buildings totaling 6,732 SqFt on a busy street.
      325 Hanson Street, Winnemucca, NV 89445
      View Details
    • $299,000

      Winnemucca Commercial Lot For Sale

      0.43 acre commercial lot visible from Winnemucca Blvd.
      99 West 4th Street, Winnemucca, NV 89445
      View Details
    • $1,375,000
      6,940 SF

      Winnemucca Commercial Investment Opportunity

      Commercial property on 3.7 acres with multiple income streams.
      4400 W Winnemucca Blvd, Winnemucca, NV 89445
      View Details
    • $550,000
      4,928 SF

      Winnemucca Commercial Property For Sale

      Established commercial property on main travel route with high visibility.
      750 W Winnemucca Boulevard, Winnemucca, NV 89445
      View Details
    • $70,000

      Winnemucca Land with River Views

      10 acres near Winnemucca, fenced, ideal for cattle/horses.
      Button Point, Winnemucca, NV 89414
      View Details
    • $299,000

      Prime Winnemucca Commercial Land Parcel

      One-acre commercial parcel in Winnemucca, ready for development.
      E Haskell Street, Winnemucca, NV 89445
      View Details
    • $295,500

      Winnemucca Commercial Land For Sale

      5.5 acre commercial land with highway access in Winnemucca.
      N Hwy 95, Winnemucca, NV 89445
      View Details
    • $30,000

      Winnemucca Land For Sale

      1.03 acre flat building lot in Winnemucca, Nevada.
      6115 NE Sandi Drive, Winnemucca, NV 89445
      View Details
    • $399,000

      Commercial Lot Near Interstate 80

      Commercial land near Interstate 80 in Winnemucca, Nevada.
      E Winnemucca Blvd, Winnemucca, NV 89445
      View Details
    • $115,000

      Nevada Desert 10-Acre Parcel

      10-acre desert parcel near Winnemucca with well and septic.
      Western Horizon Drive, Winnemucca, NV 89445
      View Details
    • $40,000

      Winnemucca Land with Mountain Views

      4.18 acre lot near Winnemucca with power.
      E Donald Lane, Winnemucca, NV 89445
      View Details
    • $45,000

      Residential Land in Winnemucca, Nevada

      Residential land for sale in Winnemucca, Nevada.
      6270 Lorain Court, Winnemucca, NV 89445
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.66 acre commercial lot in central Winnemucca location.
    Where is this commercial land located?
    The property is located at 609 Sheehan Street Winnemucca, NV.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Prime 0.66 acre commercially zoned corner lot.; Centrally located with maximum visibility and easy access.; Full utility access: water, sewer, power, natural gas, and high‑speed internet/cell service.
    (775) 530-2623
    We can help!
    Listing Contact
    Michael Andrews
    Michael Andrews
    Real Estate License ID: B.1001246
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!