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Property profile & analytics
OFF-MARKET Estimated value $2,200,000
Office buildings

2215 5th St Elko, NV 89801-2458

4,284 SF 0.41 ac lot Built 1998
Entity Owned 1-yr Hold Free & Clear
Property ID
US62-0926169
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 4,284 SF
Lot 0.41 ac (18,077 SF)
Zoning code ZLI
APN 001-610-076
UPID US62-0926169
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mcewen Mining Inc. Industrial Park Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.20M
Owner & transaction history
1190 Partners LLC · 1 yrs held
1190 Partners LLC
since 2024
Last sale
$2.2M
2 recorded transactions
2024
$2.2M
2005
$730,000
Zoning & alternative use
ZLI · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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