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    118 2Nd St Elko, NV 89801

    Sponsored
    For Sale
    $1,700,000

    High-traffic location, three tenants, versatile space.

    Property size:
    11,433 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 118 2nd Street in the heart of Elko, Nevada, presents a prime investment opportunity. The 11,433 square foot building sits on a 0.23-acre lot and is currently generating income from three established tenants. Its strategic position on one of Elko's busiest thoroughfares ensures excellent visibility and high traffic exposure, maximizing its potential for both current and future revenue streams. The property's versatility is a key advantage, offering a mix of office and warehouse space to suit a variety of business needs. Office areas feature approximately 8-10 foot ceilings, providing comfortable and functional workspaces. The warehouse areas boast impressive 18-foot ceilings, ideal for storage or manufacturing operations. The building is equipped with central air conditioning in the shop areas and heating in the warehouse areas. This property offers a rare combination of location, size, and functionality, making it an attractive investment for discerning buyers seeking a strong return on investment in a thriving Nevada market. The asking price is $1,700,000. This is a chance to acquire a well-established, income-producing property with significant upside potential.

    Property Features for 118 2Nd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,433 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1985
    Location Intelligence

    Current Use by Public Records

    Getman Mining Equipment

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Elko
    County
    Elko
    State
    Nevada
    Longitude
    -115.7633
    Latitude
    40.8289

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, three tenants, versatile space.
    Where is this commercial real estate located?
    The property is located at 118 2Nd St Elko, NV.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (775) 738-4078
    Request Owner's contact information
    118 2Nd St Elko, NV 89801
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    Elko, NV 89801
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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
    118 2Nd St Elko, NV 89801
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