2215 5th St Elko, NV 89801-2458
- Office buildings
- 4,284 SF
- 0.41 lot acres
Current Use by Public Records
- Mcewen Mining Inc. / Mining Company
Property Details for 2215 5th St
- Year built
- 1998
- Lot size
- 0.41 lot acres
- Property size
- 4,284 SF
- Zone code
- ZLI
- Property type
- Office buildings
- APN
- 001-610-076
- APU
- 1610076
Description
This exceptional investment opportunity presents two single-story, Class B office buildings totaling 8,568 net rentable square feet, situated in Elko, Nevada's prime commercial zone at 2215 5th St, zip code 89801. Currently boasting 100% occupancy with three long-term franchisee tenants under a triple-net (NNN) lease structure, this stabilized investment offers a compelling 8% capitalization rate. The asking price is $2,300,000, translating to $268.44 per square foot. The property is zoned for commercial use and features a hands-free management structure, ideal for passive income seekers. This multi-tenant property provides significant cash flow potential with its established tenant base. The buildings are situated on a highly desirable location, ensuring continued strong performance. This is a rare opportunity to acquire a well-maintained, high-performing office portfolio in a thriving Nevada market. The property's strong tenant base and favorable lease terms contribute to its exceptional investment characteristics. This is a turnkey investment ready to generate immediate returns. The property's location in Elko, NV, offers excellent access to local amenities and a strong workforce. The buildings are well-maintained and present a professional image.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,180,000
- 6.5%
- $2,250,000
- 7%
- $2,280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,035,000
- Geo Method
- $2,335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,080,000
- Retail
- $1,885,000
- Mixed-Use
- $2,040,000
- Hospitality
- $2,130,000
- Educational
- $1,925,000
- Residential Income
- $2,290,000
- Energy
- $2,420,000
- Income-Based Land
- $1,940,000
- Food Service
- $2,395,000
Location Insight
- Map
- Local Demand
- City
- Elko
- County
- Elko
- State
- Nevada
- Longitude
- -115.778
- Latitude
- 40.8428
- CBSA code
- 21220
- CBSA name
- ELKO, NV MICROPOLITAN STATISTICAL AREA
