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    Spring Creek Commercial Office Space Title is generated by Realmo AI

    114 Tonka Lane, Spring Creek, NV 89801

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    COMMERCIAL - Contemporary - Spring Creek, NV

    Property size:
    3,412 SF
    Lot size:
    2.50 Acres
    Added:
    May 20, 2026
    Days on Market:
    1
    Last Refresh:
    May 20 at 11:06 pm

    Property Features for 114 Tonka Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    Window features
    Skylight(s)
    Patio and Porch features
    Patio, Deck
    Interior features
    BayWindow, CeilingFans, HandicapAccess, Skylights
    Exterior features
    CornerLot, Deck, SprinklerIrrigation, Landscaping, MatureTreesLandscape, Patio, Storage
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    038-006-007
    Size
    3,412 SF
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1756

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ductless
    Water source
    Private, Well

    Building Details

    Year built
    1959
    Flooring type
    Hardwood, Carpet, Tile
    Building materials
    VinylSiding
    Roof type
    Metal
    Architectural style
    Contemporary
    Additional Structures
    Storage, Shed(s)

    We can help!

    Listing Contact
    Kaci Lynch
    Kaci Lynch

    Listing agent Kaci Lynch License #B.0145682LLC

    Listing office Coldwell Banker Commercial Excel 700 Idaho Street, Elko, NV

    Listing date May 20, 2026

    MLS# 3627887 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

    • Highly visible location just off Lamoille Highway on 2.5 acres.
    • Approximately 2,800 sqft of office space with a functional layout.
    • Includes five private offices, conference room, front desk, and kitchen area.
    • 606 sqft unfinished basement with potential for workspace, storage, or customization.
    • Ample parking and outdoor storage space with future development potential.
    • Handicap accessible with features like an accessible ramp.

    Overview

    This commercial space in Spring Creek offers approximately 2,800 square feet of office space, plus an additional 606 square feet of unfinished basement space. The floor plan is designed to support productivity and growth, featuring five private offices, a front desk area, a dedicated conference room, and a kitchen area. The spacious open room in the basement is suitable for additional workspace, storage, or team collaboration. The unfinished basement space provides an opportunity for expansion and customization. Situated just off Lamoille Highway, the property benefits from excellent visibility and easy access. Set on 2.5 acres of usable land, there is ample room for parking, outdoor storage, or future development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Creek
    County
    Elko
    State
    Nevada
    Longitude
    -115.6608068
    Latitude
    40.7822253

    FAQs

    What type of property is this?
    Office units - 2,800 sqft office space on 2.5 acres in Spring Creek.
    Where is this office units located?
    The property is located at 114 Tonka Lane Spring Creek, NV.
    What are key features of this property?
    This property features: Highly visible location just off Lamoille Highway on 2.5 acres.; Approximately 2,800 sqft of office space with a functional layout.; Includes five private offices, conference room, front desk, and kitchen area.
    (775) 397-8935
    We can help!
    Listing Contact
    Kaci Lynch
    Kaci Lynch
    Real Estate License ID: B.0145682LLC
    Learn More
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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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