Historic Flex Building with
For Sale
$2,900,000
240 7th Street, Elko, NV 89801
COMMERCIAL - Elko, NV
Property Size11,517 SF
Lot Size0.69 Acres
Price / SF$251.80
Days on Market93
Property Features for 240 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
ZC
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Exterior features
FullyFenced, Workshop
Fencing
Fenced
Subdivision
ZX-Other/None
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 Agency:
Coldwell Banker Commercial Excel · Coldwell Banker Real Estate
(775) 738-4078
Listed By:
Sierra Petersen · License #BS.0146660
(775) 340-2393
Added: Apr 29
Changed: Jul 28
Last Checked: Jul 30 at 4:06PM
MLS# 3627805
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 remodeled historic Lamoille Power building combines industrial character with modern upgrades across two connected structures. The main building provides an 8,901 SF space with original fixtures, new LED lighting, radiant overhead heat, and a kitchenette. A preserved historic generator remains on site, and the building includes a manual 10-ton overhead crane. A separate 3,408 SF warehouse complements the main space and is equipped with two 2-ton overhead cranes. The warehouse also includes a high-capacity air compressor to support pneumatic tools and equipment. Both buildings share water and sewer service and are fitted with energy-efficient LED lighting throughout, and the property is served by gas and electric meters for flexible utility usage. Electrical service is 200-amp with 3-phase power.
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.
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.
Key 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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Under-served
Demand for This Use
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 Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Dreez — 405 Silver St, Elko, NV 89801
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Frequently Asked Questions
What type of property is this?
Flex space - Remodeled historic power building with office-ready space, a 3-phase electrical service, and overhead crane capability.
Where is this flex space located?
The property is located at 240 7th Street 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: 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
