Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    585 E St Hawthorne, NV 89415

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial retail property with existing tenant in Hawthorne, Nevada.

    Type:Retail
    Property size:
    5,658 SF
    Price / SF:
    $33/SF
    Added:
    Dec 11, 2024
    Days on Market:
    501
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 585 E St

    General Information

    Standard status
    Active
    Size
    5,658 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1953

    We can help!

    Listing Contact
    Lisamarie Wand

    Listing agent Lisamarie Wand License #NV B.0145463.LLC

    Listing office Lisamarie Wand Group

    Listing date Dec 11, 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 Lisamarie Wand Group

    Overview

    Hawthorne Retail Investment Opportunity

    Located at 585 E St in Hawthorne, NV, this commercial retail property presents an investment opportunity. The property features an open floor plan suitable for various retail, service, or business uses. A dedicated storage and workroom area provides flexibility for inventory management or operations. The property includes a private restroom. Additional outdoor storage space enhances the property's functionality. An existing long-term tenant occupies the space on a month-to-month lease, providing rental income and flexibility. The property is situated in a high-visibility area with easy access, positioned to attract foot and vehicle traffic. Currently used as a retail thrift store, this property offers possibilities for investors seeking passive income or business owners looking for a new location. The property size is 5658 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Similar Places Nearby

    • Flowers By Ness — 594 E St, Hawthorne, NV 89415

    Map

    City
    Hawthorne
    County
    Mineral
    State
    Nevada
    Longitude
    -118.657
    Latitude
    38.6331

    Nearby Similar for Sale

    • $90,000
      2,957 SF

      Hawthorne Commercial Property For Sale

      Commercial property with highway frontage, formerly a bar and restaurant.
      1302 E 5th Street, Hawthorne, NV 89415
      View Details
    • $429,000
      3,240 SF

      Hawthorne Commercial Building For Sale

      3,240 sq ft commercial building with main street frontage.
      701 E Street, Hawthorne, NV 89415
      View Details
    • $1,250,000

      Hawthorne Retail Opportunity

      Retail space available for purchase in Hawthorne, Nevada.
      522 5th St, Hawthorne, NV 89415
      View Details
    • $1,250,000
      2,100 SF

      Multi-Parcel Portfolio with Restaurant/Bar

      Multi-building portfolio with restaurant/bar, casino space, vacant building.
      522 5th St, Hawthorne, NV 89415
      View Details
    • $625,000
      5,949 SF

      Hawthorne Tavern and Restaurant For Sale

      Ideally located pub with full service bar and restaurant.
      545 E Street, Hawthorne, NV 89415
      View Details
    • $349,000

      Hawthorne Multifamily Investment Opportunity

      Multifamily property with 16 units on 0.62 acres.
      380 B St, Hawthorne, NV, 89415-7859
      View Details
    • $187,900
      1,485 SF

      Hawthorne Multifamily Investment Opportunity

      Two-bedroom apartments with laundry, great investment opportunity in Hawthorne, NV.
      422 C Street, Hawthorne, NV 89415
      View Details
    • $688,000
      9,576 SF

      Mixed-Use Investment Anchored by State

      Fully leased mixed-use property with long-term leases from the State.
      1000 C St, Hawthorne, NV 89415
      View Details
    • $650,000

      Turnkey Bar and Restaurant Opportunity

      Multi-parcel property with bar, restaurant, and gaming potential.
      545 E St, Hawthorne, NV 89415
      View Details
    • $445,000
      3,216 SF

      Hawthorne Multifamily Investment Opportunity

      Four-unit property with diverse living spaces and potential owner financing.
      237 & 245 F Street, Hawthorne, NV 89415
      View Details
    • $388,800
      3,240 SF

      Commercial Building with Main Street Frontage

      3,240 sq ft commercial building with parking and ADA access.
      701 E St, Hawthorne, NV 89415
      View Details
    • $389,000
      1,748 SF

      Hawthorne Multifamily Investment Opportunity

      Three well-maintained homes on two parcels in Hawthorne, Nevada.
      126 & 126 1/2 E Street, Hawthorne, NV 89415
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial retail property with existing tenant in Hawthorne, Nevada.
    Where is this storefront property located?
    The property is located at 585 E St Hawthorne, NV.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Prime location in Hawthorne, NV with high visibility and easy access; Existing long‑term tenant on a month‑to‑month lease provides immediate rental income and flexibility; Seller is agreeable to negotiating favorable Seller Financing Terms
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lisamarie Wand
    Real Estate License ID: NV B.0145463.LLC
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!