Self-Service Car Wash
New
For Sale
$1,300,000
1730 Mountain City, Elko, NV 89801
Existing car wash improvements in a Smith’s-anchored commercial corridor with access to I-80 and Mountain City Highway.
Property Size3,716 SF
Lot Size0.46 Acres
Price / SF$349.84
Days on Market4
Property Features for 1730 Mountain City
General Information
Standard status
Active
Size
3,716 SF
Lot size
0.46 Acres
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
deferred equipment maintenance
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,100,000
Building Details
Year Built
2005
Listing Agency:
Keller Williams Group One Inc.
Listed By:
Ricci Rodriguez-Elkins
(775) 688-4000
Source:
Ferrari-lund
Added: Sep 5
Changed: Sep 7
Last Checked: Sep 7 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Group One Inc.
Investment Insights
Based on property information with market context.
This commercial property includes an existing self-service and automatic car wash on approximately 0.46 acres, with improvements and equipment conveyed in their current condition. Built in 2005, the site is suited to continued car wash operations or evaluation for another automotive, service, retail, quick-service restaurant, redevelopment, or ground-lease concept, subject to applicable approvals.
The property is located at 1730 Mountain City Highway in Elko, adjacent to Smith’s and near Starbucks, Taco Bell, O’Reilly Auto Parts, restaurants, service businesses, and hospitality uses. Interstate 80 and the surrounding commercial district provide regional access, while Elko Regional Airport is across the corridor. The site has undergone cleanup and deferred equipment maintenance efforts, and buyers can determine the appropriate scope of future improvements.
The property is located at 1730 Mountain City Highway in Elko, adjacent to Smith’s and near Starbucks, Taco Bell, O’Reilly Auto Parts, restaurants, service businesses, and hospitality uses. Interstate 80 and the surrounding commercial district provide regional access, while Elko Regional Airport is across the corridor. The site has undergone cleanup and deferred equipment maintenance efforts, and buyers can determine the appropriate scope of future improvements.
Key Highlights
- Approximately 0.46‑acre commercial site with ±20,095 SF
- Existing self‑service and automatic car wash improvements
- Adjacent to Smith’s in an established commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,220
$792.2K
Cap Rate 7%
$565,871
$565.9K
Cap Rate 9%
$440,122
$440.1K
Market Conditions
NOI Build-Up for 3,716 SF
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.
Gross rent
$60.2K $16.20/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$56.6K $15.23/SF
− OpEx
−$17.0K −$4.57/SF
NOI
$39.6K $10.66/SF
Area
Elko County, NV
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,220
Cap Rate 7%
$565,871
Cap Rate 9%
$440,122
Alternative Uses
Best Use
Retail
$565.9K
$495.1K – $660.2K
NOI $39,611 @ 7.0% cap · market cap 3.05%
Second Best
Specialty Retail
$558.4K
$488.6K – $651.5K
NOI $39,088 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,657 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 89801, NV
26,250
Population
11,079
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
87%
High-School Grad
1,212.7 sq mi
ZIP Area
22
Density / Sq Mi
$83,777
Median Household Income
$48,886
Median Earnings
$1,185
Median Rent
$278,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Existing car wash improvements in a Smith’s-anchored commercial corridor with access to I-80 and Mountain City Highway.
Where is this self service car wash located?
The property is located at 1730 Mountain City Elko, NV.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 0.46‑acre commercial site with ±20,095 SF; Existing self‑service and automatic car wash improvements; Adjacent to Smith’s in an established commercial corridor
