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

    6TH ST/STARR Avenue Wells, NV 89835

    View on Map
    For Sale
    $450,000

    COMMERCIAL - Wells, NV

    Property size:
    3,582 SF
    Lot size:
    0.13 Acres
    Added:
    Jul 28, 2025
    Days on Market:
    248
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 6TH ST/STARR Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Exterior features
    CornerLot, Workshop
    Standard status
    Active
    APN
    002-541-012
    Size
    3,582 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1018

    Utilities

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

    Building Details

    Year built
    1956
    Flooring type
    Concrete
    Building materials
    Stucco
    Roof type
    Metal
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Natalia Loll

    Listing agent Natalia Loll License #S.0183607

    Listing office eXp Realty, LLC 10845 Griffith Peak Dr. #2, Las Vegas, NV

    Listing date Jul 28, 2025

    MLS# 3626662 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

    Wells Commercial Warehouse on Corner

    This commercial warehouse is situated on a 5,800 sq ft corner lot in Wells, NV. The 3,582 sq ft building, constructed in 1956, is zoned General Commercial and offers visibility and accessibility at the intersection of 6th Street and Starr Avenue, near downtown. The building features two upgraded office spaces, a basement storage room, and 16-foot ceilings. The exterior is finished with stucco and brick veneer. A space heater system provides heating. Recent upgrades, completed in 2025, include concrete flatwork and fencing with top rail. The lot is fully improved and suitable for various commercial uses such as storage, retail, or trade business, subject to city approval. Located within Wells city limits (Tax District 12), the parcel is positioned for future growth. This property is suitable for an owner-user, contractor, or investor seeking warehouse space with office functionality.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Wells
    County
    Elko
    State
    Nevada
    Longitude
    -114.571
    Latitude
    41.0114

    Nearby Similar for Sale

    • $1,400,000
      9,396 SF

      Hardware & Auto Business Opportunity

      Thriving hardware and auto business with real estate for sale.
      631 Humboldt Avenue, Wells, NV 89835
      View Details
    • $5,000,000
      34,060 SF

      Industrial Facility on 9.28 Acres

      34,060 sq ft industrial facility suitable for various operations.
      1120 Hacienda Ranch Road, Wells, NV 89835
      View Details
    • $1,600,000
      11,033 SF

      Mixed-Use Commercial Property in Wells

      Mixed-use property with hotel, restaurant, and RV park components.
      755 Humboldt Ave, Wells, NV 89835
      View Details
    • $3,500,000
      21,698 SF

      Nevada Commercial Property For Sale

      Commercial property in Wells, Nevada, with highway access and visibility.
      1509 6th St, Wells, NV 89835
      View Details
    • $10,112,234

      Wells, NV Retail Investment Opportunity

      NNN leased retail property with corporate guarantee and renewal options.
      448 Ventosa St, Wells, NV
      View Details

    FAQs

    What type of property is this?
    Warehouse - 3,582 SF commercial warehouse on a 5,800 SF corner lot.
    Where is this warehouse located?
    The property is located at 6TH ST/STARR Avenue Wells, NV.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Prime corner lot location with excellent visibility and accessibility at the intersection of 6th Street and Starr Avenue.; 3,582 sq ft commercial warehouse on a 5,800 sq ft lot zoned General Commercial, allowing for various commercial uses.; Two fully upgraded office spaces within the warehouse.
    (801) 666-9736
    We can help!
    Listing Contact
    Natalia Loll
    Real Estate License ID: S.0183607
    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!