Remodeled Flex and Warehouse
240 7TH Elko, NV 89801
240 7TH, Elko, NV, 89801
$2,900,000
For Sale
$2,900,000
Fully remodeled historic building with office-ready features plus an attached warehouse with overhead cranes and shared utilities.
Property Size11,517 SF
Price / SF$251.80
Days on Market108
Property Features for 240 7TH
General Information
- Standard status
- Active
- Size
- 11,517 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
Coldwell Banker Excel
Listed by
Sierra Petersen
(775) 688-4000
Source
Ferrari-lund
Added: Apr 1 Checked: Jul 17 at 3:04 am
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 Coldwell Banker Excel
Investment Insights
Based on property information with market context.
This fully remodeled historic Lamoille Power building offers an industrial-charm setting with modern performance for office, event, or creative studio use. The main building includes preserved historic generator elements, original fixtures, new LED lighting, radiant overhead heat, and a kitchenette. A manual 10-ton overhead crane is installed in the main space.
A 3,408 SF warehouse is located alongside the main building and is supported by shared water/sewer service and LED lighting throughout the property. The warehouse is equipped with two 2-ton overhead cranes and includes a high-capacity air compressor for pneumatic tools and equipment.
The property is served by a 200-amp, 3-phase electrical service, with both gas and electric meters for flexible utility usage. Parking consists of 7 standard spaces and 1 ADA-compliant space, and the site is situated near the city corridor for additional parking.
A 3,408 SF warehouse is located alongside the main building and is supported by shared water/sewer service and LED lighting throughout the property. The warehouse is equipped with two 2-ton overhead cranes and includes a high-capacity air compressor for pneumatic tools and equipment.
The property is served by a 200-amp, 3-phase electrical service, with both gas and electric meters for flexible utility usage. Parking consists of 7 standard spaces and 1 ADA-compliant space, and the site is situated near the city corridor for additional parking.
Key Highlights
- Fully remodeled historic Lamoille Power building with 8,901 SF main space plus a 3,408 SF attached warehouse
- Main building includes kitchenette, new LED lighting, and radiant overhead heat, plus original fixtures and a manual 10‑ton overhead crane
- Warehouse has two 2‑ton overhead cranes and is equipped with a high‑capacity air compressor for pneumatic tools
Local 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 | $304.0k | $26.40 |
| − Vacancy | −$41.0k | −$3.56 |
| EGI | $263.0k | $22.84 |
| − OpEx | −$65.8k | −$5.71 |
| NOI | $197.3k | $17.13 |
11,517 SF · lease $26.40/SF/yr · vacancy 13.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.82M
$2.47M – $3.29M
NOI $197,252 @ 7.0% cap · market cap 6.80%
Second Best
Warehouse
$324.0K
$283.5K – $378.0K
NOI $22,682 @ 7.0% cap · market cap 0.78%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,178 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Dreez — 405 Silver St, Elko, NV 89801
- Catering Co at the Palladium — 506 Commercial St, Elko, NV 89801
FAQs
What type of property is this?
Flex space - Fully remodeled historic building with office-ready features plus an attached warehouse with overhead cranes and shared utilities.
Where is this flex space located?
The property is located at 240 7TH Elko, NV.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Fully remodeled historic Lamoille Power building with 8,901 SF main space plus a 3,408 SF attached warehouse; Main building includes kitchenette, new LED lighting, and radiant overhead heat, plus original fixtures and a manual 10‑ton overhead crane; Warehouse has two 2‑ton overhead cranes and is equipped with a high‑capacity air compressor for pneumatic tools
