Medical Office Building with Exam
1501 Lamoille Highway Elko, NV 89801
New
For Sale
$1,100,000
COMMERCIAL - Elko, NV
Property Size4,381 SF
Lot Size0.76 Acres
Price / SF$251.08
Days on Market2
Property Features for 1501 Lamoille Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
BayWindow
Exterior features
CornerLot, SprinklerIrrigation, Landscaping, MatureTreesLandscape
Standard status
Active
APN
001-750-016
Size
4,381 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Annual Amount
7640
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1993
Flooring type
Laminate, Carpet, Hardwood
Building materials
Block, MetalSiding, WoodSiding
Roof type
Metal
Listing Agency:
Coldwell Banker Commercial Excel
(775) 738-4078
Listed By:
Sierra Petersen · License #BS.0146660
(775) 340-2393
Added: Jul 27
Last Checked: Jul 28 at 4:06AM
MLS# 3628160
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 medical office building of approximately 4,381 square feet is situated on a lot of about 0.759 acres. The interior layout was designed for a medical facility, with exam rooms, offices, and reception space. The space has recently been painted inside, supporting an immediate, move-in-ready condition.
The property is located on Lamoille Highway in Elko, Nevada. The site’s size provides room for parking and potential site improvements.
Whether you continue with a medical use or adapt the configuration for another professional or commercial purpose, the existing room structure and reception area can serve as a practical starting point for a re-worked space.
The property is located on Lamoille Highway in Elko, Nevada. The site’s size provides room for parking and potential site improvements.
Whether you continue with a medical use or adapt the configuration for another professional or commercial purpose, the existing room structure and reception area can serve as a practical starting point for a re-worked space.
Key Highlights
- 4,381 sq ft building previously used as a medical facility with exam rooms, offices, and reception space
- Located on a 0.75‑acre corner lot on Lamoille Hwy with access to heavy daily traffic
- Recently painted interior per public remarks; move‑in ready with forced air natural gas heating and central air
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.7k | $26.40 |
| − Vacancy | −$15.6k | −$3.56 |
| EGI | $100.0k | $22.84 |
| − OpEx | −$25.0k | −$5.71 |
| NOI | $75.0k | $17.13 |
4,381 SF · lease $26.40/SF/yr · vacancy 13.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.07M
$937.9K – $1.25M
NOI $75,033 @ 7.0% cap · market cap 6.82%
Second Best
Healthcare Medical
$87.0K
$76.1K – $101.5K
NOI $6,091 @ 7.0% cap · market cap 0.55%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,449 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Elko Veterinary Clinic — 1052 Colt Dr, Elko, NV 89801
- Bergin Animal Clinic — 700 S 5th St, Elko, NV 89801
Frequently Asked Questions
What type of property is this?
Medical Office Space - Previously used as a medical facility, the building offers an exam room and office-focused layout with recently painted interiors.
Where is this medical office space located?
The property is located at 1501 Lamoille Highway Elko, NV.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,381 sq ft building previously used as a medical facility with exam rooms, offices, and reception space; Located on a 0.75‑acre corner lot on Lamoille Hwy with access to heavy daily traffic; Recently painted interior per public remarks; move‑in ready with forced air natural gas heating and central air
