240 7th Street, Elko, NV 89801
- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 7:06 pm
Property Features for 240 7th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Exterior features
- FullyFenced, Workshop
- Fencing
- Fenced
- Standard status
- Active
- APN
- 001-352-005
- Size
- 11,517 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6417
Utilities
- Heating system
- Radiant
- Water source
- Public
Building Details
- Year built
- 1920
- Flooring type
- Concrete
- Building materials
- Brick
- Roof type
- Metal
- Additional Structures
- Workshop
Listing agent Sierra Petersen License #BS.0146660 (775) 340-2393
Listing office Coldwell Banker Commercial Excel 700 Idaho Street, Elko, NV (775) 738-4078
Listing date Apr 29, 2026
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.
HighLights
- Historic brick Lamoille Power building with 8,901 SF main space plus 3,408 SF warehouse
- Main building includes radiant overhead heat, kitchenette, and new LED lighting with preserved historic generator
- Overhead material handling: main building has a manual 10‑ton overhead crane; warehouse has two 2‑ton overhead cranes
- Warehouse equipped with high‑capacity air compressor supporting pneumatic tools and equipment
- Power and utilities include 200‑amp 3‑phase electrical service with both gas and electric meters; public water with shared water/sewer service
- Parking on‑site: 7 standard spaces plus 1 ADA‑compliant space; fully fenced with a workshop; metal roof
Overview
The property is located at 240 7th Street in Elko, Nevada, near the city corridor for additional parking. On-site parking includes seven standard spaces and one ADA-compliant space.
This offering is well suited for tenants seeking a distinctive, office-ready environment alongside a functional warehouse and material-handling equipment. The presence of overhead cranes, 3-phase electrical capacity, and dedicated air-compressor support can fit a range of professional, creative, and light industrial users, while the finished main space with kitchenette and heated comfort supports day-to-day operations.
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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Dreez — 405 Silver St, Elko, NV 89801
- Catering Co at the Palladium — 506 Commercial St, Elko, NV 89801
Location Insight
- Map
- Local Demand
- City
- Elko
- County
- Elko
- State
- Nevada
- Longitude
- -115.7590279
- Latitude
- 40.8333319
