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    424 Chestnut St Carlin, NV 89822

    Sponsored
    For Sale
    $340,000

    Busy Nevada mining town gas station.

    Property size:
    1,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Carlin, Nevada gas station presents a compelling investment opportunity. Located at 424 Chestnut St, this 1,232 square foot property sits on a 0.2-acre lot (APN: 002-010-004) and features four gas pumps (eight hoses) under a canopy. The single-story, 1973-built building, zoned COM, currently houses an office, two bathrooms, and a common room, offering potential for conversion into additional retail space, such as a convenience store or coffee shop. The property includes four double-walled fiberglass tanks (three 10,000-gallon tanks and one 15,000-gallon tank), with recent tank test results available. Currently leased on a month-to-month basis to a long-term tenant operating as a CFN Cardlock station, the asking price is $340,000. While the current tenant's financials are unavailable, the property's Net Operating Income (NOI) is reported as $13,927. The lease term is currently month-to-month. The station can operate independently or be branded. This property is ideally situated in Carlin, a bustling mining town along Interstate 80, offering significant potential for growth and return on investment. The seller is motivated and welcomes all offers.

    Property Features for 424 Chestnut St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,232 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    HighLights

    • 1,232 SF gas station on a 0.2‑acre lot in Carlin, NV (APN: 002‑010‑004).
    • Four gas pumps (eight hoses) under canopy; single‑story building (1973 construction), zoned COM.
    • Includes office, two bathrooms, common room; potential for retail conversion.
    • Four double‑walled fiberglass tanks (three 10,000‑gallon, one 15,000‑gallon); recent tank test results available.
    • $340,000 asking price; $13,927 NOI; month‑to‑month lease to CFN Cardlock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flyers Gas Station

    Suggested Use

    Wholesale Shop Building Supply Gym & Fitness Department Store Food Market Auto Repair Shop Auto Parts Store Grocery Store 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
    -116.1145578
    Latitude
    40.7173814

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    FAQs

    What type of property is this?
    Automotive property - Busy Nevada mining town gas station.
    Where is this automotive property located?
    The property is located at 424 Chestnut St Carlin, NV.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: 1,232 SF gas station on a 0.2-acre lot in Carlin, NV (APN: 002-010-004).; Four gas pumps (eight hoses) under canopy; single-story building (1973 construction), zoned COM.; Includes office, two bathrooms, common room; potential for retail conversion.
    Request Owner's contact information
    424 Chestnut St Carlin, NV 89822
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    Carlin, NV 89822
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    Realmo Value Estimation

    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.

    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.

    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
    424 Chestnut St Carlin, NV 89822
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