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Flex Building with Warehouse
For Sale
$1,000,000

1245 Alpha Street, Ely, NV 89301

CommercialSale, Ely, NV

Property Size3,248 SF
Lot Size1.25 Acres
Price / SF$307.88
Days on Market880

Property Features for 1245 Alpha Street

General Information

Property type Commercial Sale
Property subtype Single Family Residence
Zoning description NOZONE
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Exterior features FullyFenced, SprinklerIrrigation, RainGutters, Workshop
Fencing Fenced
Subdivision ZX-Other/None
Lot features Lawn, Rock Outcropping, Sprinklers Automatic
Standard status Active
APN 010-281-53
Size 3,248 SF
Lot size 1.25 Acres

Taxes and HOA fees

Tax Annual Amount 2400

Utilities

Heating system Propane (Heating), Forced Air
Cooling system Central Air

Building Details

Year built 2003
Floors in Building 1
Flooring type Carpet
Building materials Brick, MetalSiding
Roof type Metal
Architectural style Ranch
Additional Structures Workshop
Listing Agency: Allie Bear Real Estate
Listed By: Dea Mitton · License #BS.0146646
Added: Apr 17, 2024 Changed: Sep 10 Last Checked: Sep 13 at 6:06AM
MLS# 3624738

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.

Investment Insights

Based on property information with market context.

This 3,248-square-foot flex building, constructed in 2003, is arranged for combined warehouse and office use. The interior includes a 28-by-55-foot warehouse, an 8-by-27-foot storage closet, a large open office and conference area, two 12-by-14-foot offices, one bathroom, and a janitor closet. Brick and metal siding, a metal roof, carpet flooring, central air, forced-air heating, and propane heating are among the property features.

The property occupies 1.25 acres at 1245 Alpha Street in Ely, Nevada, within the city’s industrial area. Site improvements include a paved parking lot, a separate fenced parking and storage lot, full landscaping, sprinkler irrigation, rain gutters, and fencing. A 15-year government lease remains in place, and the property is identified with an 8.1% cap rate.

Key Highlights

  • 8.1% cap rate with a 15‑year government lease in place
  • 3,248‑square‑foot flex building on a 1.25‑acre lot
  • 28' x 55' warehouse plus 8' x 27' storage closet

Property Analytics

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Current Use

US Agricultural Department Federal Government Office US Animal Damage ... Sustainability Organization

Suggested Use

Top Pick Auto Repair Shop Storage Facility Veterinary Clinic Building Supply Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby
Well-served
Demand for This Use

Demographics for 89301, NV

6,879
Population
2,959
Households
2.3
Avg Household Size
39
Median Age
14%
College-Educated
88%
High-School Grad
2,123.6 sq mi
ZIP Area
3
Density / Sq Mi
$74,695
Median Household Income
$56,076
Median Earnings
$854
Median Rent
$199,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial-area flex property combining warehouse, office, storage, paved parking, and fenced outdoor storage improvements.
Where is this flex space located?
The property is located at 1245 Alpha Street Ely, NV.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8.1% cap rate with a 15‑year government lease in place; 3,248‑square‑foot flex building on a 1.25‑acre lot; 28' x 55' warehouse plus 8' x 27' storage closet
More about this property
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