Hardware and Auto Parts Retail
For Sale
$1,400,000
631 Humboldt Ave, Wells, NV 89835
For sale: Wells Hardware & Auto includes the business and building, sharing a wall with Roy’s Market.
Property Size9,396 SF
Price / SF$148
Days on Market457
Property Features for 631 Humboldt Ave
General Information
Standard status
Active
Size
9,396 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,944
Listing Agency:
Coldwell Banker Commercial Excel
(775) 738-4078
Listed By:
Nawny Jones · License #S.0194875
(940) 452-5516
Source:
Exprealty
Added: Jun 5, 2025
Changed: Aug 31
Last Checked: Sep 2 at 12:27AM
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 Excel
Investment Insights
Based on property information with market context.
Wells Hardware & Auto is a long-standing hardware and auto parts retail business operating for 41 years, offering an opportunity to own both the business and the building. The sale is described as turn-key, with established relationships tied to Genuine Parts Company (NAPA) and Do It Best Hardware.
The property is located in Wells, Nevada, positioned in the heart of northeastern Nevada and conveniently paired with shopping next door via a shared wall with Roy’s Market. The business is also described as serving customers traveling along I-80, supported by a loyal local customer base.
This offering includes the operating business and the real estate, with continuity built around the existing vendor relationships noted in the remarks.
The property is located in Wells, Nevada, positioned in the heart of northeastern Nevada and conveniently paired with shopping next door via a shared wall with Roy’s Market. The business is also described as serving customers traveling along I-80, supported by a loyal local customer base.
This offering includes the operating business and the real estate, with continuity built around the existing vendor relationships noted in the remarks.
Key Highlights
- Wells Hardware & Auto for sale includes both the business and the building.
- Locally owned and operated for 41 years; Wells Hardware & Auto is the only hardware and auto parts store in Wells.
- Shared wall location with Roy's Market for one‑trip shopping convenience.
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
$100,158
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
7.15%
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%
$2,003,160
$2.0M
Cap Rate 7%
$1,430,829
$1.4M
Cap Rate 9%
$1,112,867
$1.1M
Market Conditions
NOI Build-Up for 9,396 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
$152.2K $16.20/SF
− Vacancy
−$9.1K −$0.97/SF
EGI
$143.1K $15.23/SF
− OpEx
−$42.9K −$4.57/SF
NOI
$100.2K $10.66/SF
Area
Elko County, NV
Vacancy
6.00%
Lease Rate
$16.20 /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%
$2,003,160
Cap Rate 7%
$1,430,829
Cap Rate 9%
$1,112,867
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,158 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $209,000 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 89835, NV
1,689
Population
635
Households
2.7
Avg Household Size
42
Median Age
15%
College-Educated
75%
High-School Grad
1,835.6 sq mi
ZIP Area
1
Density / Sq Mi
$64,583
Median Household Income
$30,789
Median Earnings
$977
Median Rent
$234,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For sale: Wells Hardware & Auto includes the business and building, sharing a wall with Roy’s Market.
Where is this retail space located?
The property is located at 631 Humboldt Ave Wells, NV.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Wells Hardware & Auto for sale includes both the business and the building.; Locally owned and operated for 41 years; Wells Hardware & Auto is the only hardware and auto parts store in Wells.; Shared wall location with Roy's Market for one‑trip shopping convenience.
