Duplex with Separate
New
For Sale
$515,000
501 Sage St, Elko, NV 89801
ZRB zoning accommodates residential use alongside low-intensity business or professional activity.
Property Size3,682 SF
Lot Size0.16 Acres
Price / SF$139.87
Days on Market6
Property Features for 501 Sage St
General Information
Standard status
Active
Size
3,682 SF
Lot size
0.16 Acres
Property subtype
Residential Income
Zoning
ZRB
Taxes and HOA fees
Annual Taxes
$1,616
Building Details
Year Built
1934
Listing Agency:
Presidio Real Estate West
Listed By:
Jessica Larsen · License #B.146108
(775) 777-4217
Source:
Exprealty
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 9:33AM
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 Presidio Real Estate West
Investment Insights
Based on property information with market context.
This 1934 duplex includes a main residence and a separate lower-level apartment with its own entrance. The main living area has 10-foot ceilings, original hardwood flooring, an updated kitchen, and a bathroom with a double vanity. The apartment contains two bedrooms and 1.5 bathrooms.
The property occupies a 7,000-square-foot corner lot at 501 Sage St in Elko. ZRB (Residential Business District) zoning allows residential use as well as low-intensity business or professional use.
The property occupies a 7,000-square-foot corner lot at 501 Sage St in Elko. ZRB (Residential Business District) zoning allows residential use as well as low-intensity business or professional use.
Key Highlights
- Separate lower‑level apartment with private entrance, 2 bedrooms, and 1.5 bathrooms
- ZRB (Residential Business District) zoning supports residential and low‑intensity business or professional use
- 7,000‑square‑foot corner lot at 501 Sage St in Elko
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,040
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$600,800
$600.8K
Cap Rate 7%
$429,143
$429.1K
Cap Rate 9%
$333,778
$333.8K
Market Conditions
NOI Build-Up for 3,682 SF
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.
Gross rent
$46.4K $12.60/SF
− Vacancy
−$3.5K −$0.95/SF
EGI
$42.9K $11.66/SF
− OpEx
−$12.9K −$3.50/SF
NOI
$30.0K $8.16/SF
Area
Elko County, NV
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$600,800
Cap Rate 7%
$429,143
Cap Rate 9%
$333,778
Alternative Uses
Best Use
Multifamily LT 5
$429.1K
$375.5K – $500.7K
NOI $30,040 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$397.1K
$347.5K – $463.3K
NOI $27,798 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,901 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - ZRB zoning accommodates residential use alongside low-intensity business or professional activity.
Where is this duplex located?
The property is located at 501 Sage St Elko, NV.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Separate lower‑level apartment with private entrance, 2 bedrooms, and 1.5 bathrooms; ZRB (Residential Business District) zoning supports residential and low‑intensity business or professional use; 7,000‑square‑foot corner lot at 501 Sage St in Elko
