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    424 Chestnut St Carlin, NV 89822

    For Sale
    $340,000

    Profitable gas station with NNN lease & growth potential.

    Property size:
    1,232 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a 1,232 square foot gas station situated on a 0.2-acre lot at 424 Chestnut Street in Carlin, Nevada. The property features a current tenant under a month-to-month lease, providing immediate cash flow. The existing lease is a Net-Net-Net (NNN) agreement, meaning the tenant covers most operating expenses, minimizing landlord responsibilities. The property boasts double-walled fuel tanks that have recently undergone testing and are compliant with current regulations. Four fuel pumps are in place and ready for operation. An existing building offers potential for expansion into a convenience store (C-Store), which could be integrated with the gas station operation or maintained as an independent entity. Branding opportunities are available for the C-Store. Note that adjacent to the property are fully leased storage units, though they are not included in this sale. This property presents a strong investment opportunity with potential for increased revenue through expansion or rebranding. The current month-to-month lease provides flexibility for the new owner. The recent tank testing ensures compliance and minimizes potential future expenses. The existing infrastructure and potential for expansion make this a compelling investment in a growing market. Financial details are available upon request.

    Property Features for 424 Chestnut St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,232 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1973
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flyers Gas Station

    Suggested Use

    Wholesale Shop Building Supply Gym & Fitness Department Store Food Market Auto Repair Shop Auto Parts Store Grocery Store Convenience Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlin
    County
    Elko
    State
    Nevada
    Longitude
    -116.1146
    Latitude
    40.7174

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      Carlin, NV Commercial Storage Facility

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    • $340,000
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      Carlin Gas Station Investment

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable gas station with NNN lease & growth potential.
    Where is this commercial real estate located?
    The property is located at 424 Chestnut St Carlin, NV.
    What is the asking price?
    The asking price for this property is $340,000.
    (775) 688-4800
    Request Owner's contact information
    424 Chestnut St Carlin, NV 89822
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    Carlin, NV 89822
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    Realmo Value Estimation

    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.

    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.

    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
    424 Chestnut St Carlin, NV 89822
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