Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    40 Acres Wells, NV 89835

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Wells, NV

    Lot size:
    40.00 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    199
    Last Refresh:
    May 6 at 6:06 pm

    Property Features for 40 Acres

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    009-33E-022
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    36

    We can help!

    Listing Contact
    Nawny Jones
    Nawny Jones

    Listing agent Nawny Jones License #S.0194875

    Listing office Coldwell Banker Excel 700 Idaho Street, Elko, NV

    Listing date Oct 20, 2025

    MLS# 3627029 Listing URL

    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

    • 40 acres of open land presents an opportunity to own land in Nevada.
    • Located in Elko County, Nevada, south of Independence Valley.
    • Rural location off BLM Road 1062.
    • East of Wells along I80.

    Overview

    40 Acres of Open Land

    This property features 40 acres of open land located in Elko County, Nevada. Situated on the rural grid just off BLM Road 1062, the parcel lies south of Independence Valley, which is east of Wells along I-80. This property offers the opportunity to own a piece of Nevada's wide-open country. Prospective buyers are advised to verify all access and utility information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Wells
    County
    Elko
    State
    Nevada
    Longitude
    -114.571
    Latitude
    41.0114

    Nearby Similar for Sale

    • $450,000
      3,582 SF

      Wells Commercial Warehouse on Corner

      3,582 SF commercial warehouse on a 5,800 SF corner lot.
      295 6th Street, Wells, NV 89835
      View Details
    • $1,400,000
      9,396 SF

      Hardware & Auto Business Opportunity

      Thriving hardware and auto business with real estate for sale.
      631 Humboldt Avenue, Wells, NV 89835
      View Details
    • $5,000,000
      34,060 SF

      Industrial Facility on 9.28 Acres

      34,060 sq ft industrial facility suitable for various operations.
      1120 Hacienda Ranch Road, Wells, NV 89835
      View Details
    • $438,150

      Nevada Industrial Land Near I-80

      29.21-acre industrial parcel near I-80 and US 93 in Wells, Nevada.
      US HWY 93, Wells, NV 89835
      View Details
    • $110,750

      Industrial Land in Wells, Nevada

      4.43-acre industrial land parcel with highway frontage in Wells.
      N US HWY 93, Wells, NV 89835
      View Details
    • $147,500

      Industrial Land with Highway Frontage

      5.91-acre industrial land parcel with excellent highway frontage in Wells.
      US HWY 93, Wells, NV 89835
      View Details
    • $97,950

      Industrial Land Near I-80

      6.53-acre industrial parcel near I-80 and U.S. Highway 93.
      US HWY 93, Wells, NV 89835
      View Details
    • $110,000

      Nevada Land with Domestic Well

      160 acres of residential and recreational land near Wells, Nevada.
      0 Pilot Rd., Wells, NV 89835
      View Details
    • $25,000

      Untouched 40-Acre Parcel in Wells

      40 acres with mountain views bordering BLM land.
      00853K004 SEC 21 TWP 34N RGE 63E MDB&M NV, Wells, NV 89835
      View Details
    • $214,050

      Industrial Land Parcel in Wells

      14.27-acre industrial parcel near I-80 and US 93.
      US HWY 93, Wells, NV 89835
      View Details
    • $35,000

      40 Acres of Solitude

      40 acres with mountain views, south of Wells, Nevada.
      no name, Wells, NV 89835
      View Details
    • $1,600,000
      11,033 SF

      Mixed-Use Commercial Property in Wells

      Mixed-use property with hotel, restaurant, and RV park components.
      755 Humboldt Ave, Wells, NV 89835
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 40 acres of open land in Elko County, Nevada.
    Where is this agricultural land / farmland located?
    The property is located at 40 Acres Wells, NV.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 40 acres of open land presents an opportunity to own land in Nevada.; Located in Elko County, Nevada, south of Independence Valley.; Rural location off BLM Road 1062.
    (775) 738-4078
    We can help!
    Listing Contact
    Nawny Jones
    Nawny Jones
    Real Estate License ID: S.0194875
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40 Acres, Wells, NV 89835
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!