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    Property profile & analytics
    FOR SALE
    Commercial real estate

    424 Chestnut St, Carlin, NV 89822

    538 SF 0.2 ac lot Built 1973
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US62-0919539
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 1,232 square foot gas station situated on a 0.2-acre lot at 424 Chestnut Street in Carlin, Nevada. The property features a current tenant under a month-to-month lease, providing immediate cash flow. The existing lease is a Net-Net-Net (NNN) agreement, meaning the tenant covers most operating expenses, minimizing landlord responsibilities. The property boasts double-walled fuel tanks that have recently undergone testing and are compliant with current regulations. Four fuel pumps are in place and ready for operation. An existing building offers potential for expansion into a convenience store (C-Store), which could be integrated with the gas station operation or maintained as an independent entity. Branding opportunities are available for the C-Store. Note that adjacent to the property are fully leased storage units, though they are not included in this sale. This property presents a strong investment opportunity with potential for increased revenue through expansion or rebranding. The current month-to-month lease provides flexibility for the new owner. The recent tank testing ensures compliance and minimizes potential future expenses. The existing infrastructure and potential for expansion make this a compelling investment in a growing market. Financial details are available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1973
    Total area 538 SF
    Lot 0.2 ac (8,712 SF)
    Zoning code COM
    APN 002-010-004
    UPID US62-0919539
    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
    • Flyers Gas Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $495k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $530k
    Owner & transaction history
    Nevada Storage LLC · 4 yrs held
    Nevada Storage LLC
    since 2022
    Last sale
    $525,000
    1 recorded transaction
    2022
    $525,000
    Zoning & alternative use
    COM · Carlin, NV
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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