Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Carlin Nevada Gas Station Opportunity Title is generated by Realmo AI

    424 Chestnut St, Carlin, NV 89822

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Gas station with rental income potential in busy mining town.

    Type:Retail
    Property size:
    538 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $464/SF
    Added:
    Sep 20, 2024
    Days on Market:
    618
    Last Refresh:
    May 12 at 8:44 pm

    Property Features for 424 Chestnut St

    General Information

    Standard status
    Active
    Size
    538 SF
    Lot size
    0.20 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Reuben Dawkins

    Listing agent Reuben Dawkins License #NV 0046679

    Listing office Coldwell Banker Commercial Select Reno / Galena

    Listing date Sep 20, 2024

    Source Crexi

    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 Commercial Select Reno / Galena

    HighLights

    • Seller financing available.
    • Gas station with canopy and 4 pumps (8 hoses) for rental income.
    • Located in busy mining town of Carlin, Nevada, along Interstate 80.
    • Four double‑walled fiberglass tanks: three 10,000‑gallon and one 15,000‑gallon with recent tank tests available.
    • 538 sq ft building (not currently used) can be converted into a C‑store or coffee shop.
    • Station can remain independent or be branded.

    Overview

    Located in Carlin, Nevada, a busy mining town along Interstate 80, this property presents a seller financing opportunity. The property includes a gas station with a canopy and four pumps (eight hoses). Currently, a long-term tenant leases the site as a CFN Cardlock station on a month-to-month basis. There are four double-walled fiberglass tanks: three 10,000-gallon tanks and one 15,000-gallon tank, with recent tank tests available. The seller does not operate the gas station, and financials are unavailable. The 538-square-foot gas station building features an office, two bathrooms, and a common room, offering potential for conversion into a convenience store, coffee shop, or other business. The station can remain independent or be branded. Situated on a 0.20-acre lot, the canopy measures 1232 square feet. Taxes for 2024 are $2,1175.0. The motivated seller welcomes all offers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flyers Gas Station

    Suggested Use

    Big Box & Wholesale Store Building Supply Gym & Fitness Center Department Store Food Market Auto Repair Shop Auto Parts Store Grocery & Convenience Store Grocery & Convenience Store Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carlin
    County
    Elko
    State
    Nevada
    Longitude
    -116.1145741
    Latitude
    40.7173996

    Nearby Similar for Sale

    • $675,900
      12,000 SF

      Established Lounge in Carlin, Nevada

      Turnkey lounge/bar in growing Northern Nevada market.
      915 Chestnut Street, Carlin, NV 89822
      View Details
    • $3,310,000
      14,980 SF

      Carlin Nevada Industrial Campus

      Industrial campus with multiple buildings and fully serviced yard.
      824 Poplar Street, Carlin, NV 89822
      View Details
    • $420,000
      3,972 SF

      Turnkey Restaurant with Apartment

      Commercial property with restaurant and apartment in high-traffic area.
      923 Bush Street, Carlin, NV 89822
      View Details
    • $400,000

      Centrally Located Commercial Building in Carlin

      Commercial building in Carlin, Nevada with offices and warehouse space.
      1120 Chestnut St, Carlin, NV, 89822
      View Details
    • $295,000

      Gas Station Investment Opportunity

      Gas station with month-to-month tenant, potential for C-store.
      424 Chestnut St, Carlin, NV, 89822
      View Details
    • $420,000

      Turnkey Restaurant with Residential Apartment

      Established restaurant with a separate 2-bedroom apartment for sale.
      923 Bush St, Carlin, NV, 89822-9903
      View Details
    • $295,000
      1,232 SF

      Carlin Gas Station Investment Property

      Gas station with month-to-month tenant and potential C-store.
      424 Chestnut, Carlin, NV 89822
      View Details

    FAQs

    What type of property is this?
    Gas station - Gas station with rental income potential in busy mining town.
    Where is this gas station located?
    The property is located at 424 Chestnut St Carlin, NV.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Seller financing available.; Gas station with canopy and **4 pumps (8 hoses) for rental income.**; Located in busy mining town of Carlin, Nevada, along Interstate 80.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Reuben Dawkins
    Real Estate License ID: NV 0046679
    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
    424 Chestnut St, Carlin, NV 89822
    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!