4Th St Carlin, NV 89822
- Self storage facilities
- 10,560 SF
Current Use by Public Records
- Self storage facilities
Property Details for 0 4Th St
- Property size
- 10,560 SF
- Property type
- Self storage facilities
Description
This exceptional self-storage facility in Carlin, Nevada, presents a compelling investment opportunity. Priced at $785,000, this 10,560-square-foot property boasts 86 units, achieving a remarkable 95% occupancy rate. Located on a 0.69-acre lot on S 4th St, Carlin, NV 89822, it benefits from its strategic position near I-80, midway between Salt Lake City and Reno. The property's strong performance is underscored by a 6.10% cap rate and a price per square foot of $74.34. With only two other self-storage facilities within a 20-mile radius, this asset enjoys a significant competitive advantage in a thriving market. The area's robust economy, fueled by substantial gold mining operations, contributes to a median household income ranging from $68,000 to $100,000, supporting consistent demand. The property's gross lease structure simplifies management, and the current high occupancy allows for multiple annual rent increases, with the next one scheduled for this fall. Despite its current success, there is no room for on-site expansion. This property is situated in Elko County, an area experiencing a 10% population increase, further solidifying its long-term growth potential. This is a rare opportunity to acquire a high-performing, well-located self-storage facility in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carlin
- County
- Elko
- State
- Nevada
- Longitude
- -116.111
- Latitude
- 40.7109
