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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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