Tenant-Occupied Professional
New
For Sale
$725,000
222 9th Street, Elko, NV 89801
CommercialSale, Elko, NV
Property Size2,400 SF
Lot Size0.12 Acres
Price / SF$302.08
Days on Market4
Property Features for 222 9th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
ZC
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Exterior features
CornerLot
Subdivision
ZX-Other/None
Standard status
Active
APN
001-361-010
Size
2,400 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
4795
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
conference room
kitchenette
private restrooms
copy room
storage room
Building Details
Year built
2004
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Asphalt
Buildings
1
Listing Agency:
Coldwell Banker Commercial Excel · Coldwell Banker Real Estate
(775) 738-4078
Listed By:
Sierra Petersen · License #BS.0146660
(775) 340-2393
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 5 at 12:06PM
MLS# 3628631
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2004, this 2,400-square-foot office building has a brick exterior and a layout organized around six private offices, an open cubicle area, and a conference room. The interior also includes two restrooms, a kitchenette, a copy area, and storage. Carpet and tile flooring, central air, and natural-gas forced-air heat serve the space.
The property occupies a 0.115-acre corner lot in Elko. A tenant is in place under a lease with approximately 3.5 years remaining and two five-year options, providing a defined occupancy arrangement for the next owner.
The property occupies a 0.115-acre corner lot in Elko. A tenant is in place under a lease with approximately 3.5 years remaining and two five-year options, providing a defined occupancy arrangement for the next owner.
Key Highlights
- 2,400‑square‑foot office building on a 0.115‑acre lot
- Current tenant lease has approximately 3.5 years remaining
- Two 5‑year lease options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,105
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,100
$822.1K
Cap Rate 7%
$587,214
$587.2K
Cap Rate 9%
$456,722
$456.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$63.4K $26.40/SF
− Vacancy
−$8.6K −$3.56/SF
EGI
$54.8K $22.84/SF
− OpEx
−$13.7K −$5.71/SF
NOI
$41.1K $17.13/SF
Area
Elko County, NV
Vacancy
13.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,100
Cap Rate 7%
$587,214
Cap Rate 9%
$456,722
Alternative Uses
Best Use
Office B
$587.2K
$513.8K – $685.1K
NOI $41,105 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$762.6K
$667.3K – $889.7K
NOI $53,384 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,221
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
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
Frequently Asked Questions
What type of property is this?
Office building - The current tenancy has approximately 3.5 years remaining, with two five-year extension options.
Where is this office building located?
The property is located at 222 9th Street Elko, NV.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,400‑square‑foot office building on a 0.115‑acre lot; Current tenant lease has approximately 3.5 years remaining; Two 5‑year lease options
