Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    135 Magnolia Ave Tonopah, NV 89049
    Property profile & analytics

    135 Magnolia Ave, Tonopah, NV 89049

    View on Map
    • Warehouses
    • 4,300 SF
    • 0.29 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 135 Magnolia Ave

    Lot size
    0.29 lot acres
    Property type
    Warehouses
    Property subtype
    Specialty properties

    Description

    This exceptional Tonopah, Nevada property, located at 135 Magnolia Ave, offers 4,300 square feet of versatile space across two buildings on a 0.29-acre lot (APN 008-311-06). The main warehouse building boasts 2,500 square feet with a solid cement floor, perfect for heavy loads. A separate mobile building provides ideal office space. Recently renovated in 2024, the property is currently vacant and presents a unique opportunity for various uses, including office/warehouse, distribution, or climate-controlled storage. The asking price is $345,000 ($80.23/sq ft). The property enjoys commanding views of Tonopah and is zoned for mixed-use purposes. The seller is open to negotiating further improvements. This is a single-story property owned by an LLC. While the current NOI is $0 and the cap rate is 0.00%, the potential for strong returns is significant given the property's location and recent renovations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tonopah
    County
    Nye
    State
    Nevada
    Longitude
    -117.225
    Latitude
    38.0639

    Comparable in this City

    • Value Estimation by Request

      135 Magnolia Ave

      Distribution properties
      135 Magnolia Ave, Tonopah, NV 89049
      View Details
    • Value Estimation by Request
      160.00 Acres

      1121 Ky Rd

      Distribution properties
      1121 Ky Rd, Tonopah, NV 89049
      View Details
    • Value Estimation by Request
      160.00 Acres

      1121 Ky Rd Railroad Vly

      Distribution properties
      1121 Ky Rd Railroad Vly, Tonopah, NV 89049
      View Details
    • Value Estimation by Request
      4,300 SF

      135 Magnolia Ave

      Retirement homes
      135 Magnolia Ave, Tonopah, NV 89049
      View Details
    • Value Estimation by Request
      4,300 SF

      150 Main St

      Individual retail properties
      150 Main St, Tonopah, NV 89049
      View Details
    • Value Estimation by Request
      158 SF

      435 Main St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      435 Main St, Tonopah, NV 89049-1618
      View Details

    Similar Nearby for Sale

    • $1,090,000
      160.00 Acres

      160-Acre Nevada Warehouse Investment

      Large Industrial Warehouse & Land, Excellent Potential
      1121 Ky Rd, Tonopah, NV 89049
      View Details
    • Contact for pricing
      4,300 SF

      Historic Tonopah Mixed-Use Building

      Iconic building in downtown Tonopah with endless possibilities.
      150 N Main St, Tonopah, NV 89049
      View Details
    • Contact for pricing

      Railroad Valley Farmland Opportunity

      Farm located near producing farms, west of Quinn Canyon.
      1121 Ky Rd Railroad Vly, Tonopah, NV 89049
      View Details
    • Contact for pricing
      0.30 Acres

      Residential Land in Tonopah, NV

      Small lot suitable for a small or manufactured home.
      566 N South St, Tonopah, NV 89049
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Tonopah, NV

      Land for sale suitable for a small home.
      445 Butler Ave, Tonopah, NV 89049
      View Details
    • Contact for pricing
      3.59 Acres

      Land North of Tonopah

      3.59 acre land parcel available in Tonopah, Nevada.
      1189 Rd South, Tonopah, NV 89049
      View Details
    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.
    135 Magnolia Ave
    Tonopah, NV 89049
    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

    Thank You for Inquiry
    135 Magnolia Ave, Tonopah, NV, 89049
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!