Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Gorget St Cayuga Ave Elko, NV 89801

    • Land
    • 2.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Gorget St Cayuga Ave

    Lot size
    2.06 lot acres
    Property type
    Land

    Description

    This exceptional 2.06-acre residential lot presents a unique opportunity to build your dream home in Elko, Nevada. Located on Gorget Street near Cayuga Avenue, this property boasts breathtaking 360-degree views encompassing the majestic mountains, picturesque valley, and vibrant city of Elko. The lot's convenient location offers easy access to town amenities while maintaining a serene and private setting. Designated as AR-Ag Residential zoning, this parcel provides flexibility for residential development. The square shape of the lot simplifies building plans and maximizes usable space, making it ideal for creating a personalized oasis. The property's APN is 036034008. The asking price is $18,600. Prospective buyers are responsible for verifying all information related to utility connections, necessary permits, and construction costs. This is a remarkable chance to own a substantial piece of land in a desirable location, offering unparalleled views and the potential to build a custom home tailored to your specific needs and preferences. Don't miss this opportunity to secure your future in Elko.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elko
    County
    Elko
    State
    Nevada
    Longitude
    -115.724
    Latitude
    40.8912

    Comparable in this City

    • Value Estimation by Request
      39.86 Acres

      Lamoille Hwy

      Land • 39.86 Acres
      0 Lamoille Hwy, Spring Creek, NV 89801
      View Details
    • Value Estimation by Request

      2594 Idaho St

      Distribution properties
      2594 Idaho St, Elko, NV 89801
      View Details
    • Value Estimation by Request
      64,000 SF

      3015 Mountain City Hwy

      Land • 64,000 SF
      3015 Mountain City Hwy, Elko, NV 89801
      View Details
    • Value Estimation by Request
      5,388 SF

      2003 Errecart Blvd

      Distribution properties • 5,388 SF
      2003 Errecart Blvd, Elko, NV 89801
      View Details
    • Value Estimation by Request
      1,700 SF

      174 Idaho St

      Land • 1,700 SF
      174 Idaho St, Elko, NV 89801
      View Details
    • Value Estimation by Request
      2.25 Acres

      Lance St Cayuga Ave

      Land • 2.25 Acres
      0 Lance St Cayuga Ave, Elko, NV 89801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.68 Acres

      Land Near Downtown Elko

      Corner lot near downtown Elko with Humboldt River views.
      032-016-021 Portland St And Vermont St, Elko, NV 89801
      View Details
    • Contact for pricing
      1.13 Acres

      Ryndon Land Parcel For Sale

      1.13 acre parcel in Ryndon, Elko, Nevada.
      8Th St, Elko, NV 89801
      View Details
    • Contact for pricing
      2.27 Acres

      Land Parcel Outside Elko, Nevada

      2.27 acre parcel outside Elko with expansive views.
      8Th St, Elko, NV 89801
      View Details
    • Contact for pricing
      1.13 Acres

      Land Near Elko, Nevada

      1.13 acre land parcel close to Elko, Nevada.
      066020019 Bitterroot St, Elko, NV 89801
      View Details
    • Contact for pricing
      1.13 Acres

      Land Near Elko, Nevada

      1.13 acre land parcel near Elko, Nevada.
      066020021 Bitterroot, Elko, NV 89801
      View Details
    • Contact for pricing
      1.13 Acres

      Land Parcel Near Elko

      1.13 acre land parcel close to Elko, Nevada.
      066020017 Bitterroot St, Elko, NV 89801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,026 SF

      Elko Industrial Space For Rent

      Versatile industrial space with office and warehouse areas in Elko.
      118 2Nd St, Elko, NV 89801
      View Details
    • Contact for pricing
      4,224 SF

      Elko Industrial Space Available

      Versatile industrial property with warehouse and office space in Elko.
      450 S 4Th St, Elko, NV 89801
      View Details
    • $4,089 /Mo

      Elko Warehouse with Overhead Cranes

      3,408 SF warehouse with cranes, ideal for manufacturing.
      240 7Th St, Elko, NV 89801
      View Details
    • Contact for pricing
      3,366 SF

      Elko Commercial Space Available

      Office or medical space for lease in Elko, Nevada.
      975 5Th St, Elko, NV 89801
      View Details
    • $1.35 SF/Yr
      19,025 SF

      Elko Flex Space Available

      Flex space available for light industrial, commercial, and office use.
      640 S 12Th St, Elko, NV 89801
      View Details
    • Contact for pricing
      1,700 SF

      Elko Retail Space Available

      Commercial space for lease on Idaho Street in Elko, Nevada.
      174 Idaho St, Elko, NV 89801
      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.
    Gorget St Cayuga Ave
    Elko, NV 89801
    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!