Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    776 Commercial St Elko, NV 89801-3858
    Back to Search
    Property profile & analytics

    776 Commercial St, Elko, NV 89801-3858

    View on Map
    • Retail residential properties
    • 5,733 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US62-0920633
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 776 Commercial St

    Year built
    1961
    Lot size
    0.09 lot acres
    Zone code
    ZC
    Property type
    Retail residential properties
    APN
    001-352-003
    APU
    1352003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 14, 2018 $8,974 Fiesta Assets LP Saldana,elisa Grant Deed $157k · Nevada Bk&tr
    Sep 14, 2018 — Elisa Saldana Gaeta,adolfo Affidavit Of Death —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elko
    County
    Elko
    State
    Nevada
    Longitude
    -115.759
    Latitude
    40.8337
    CBSA code
    21220
    CBSA name
    ELKO, NV MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,841
    $15,750
    $92,030
    $107,780
    -
    $45,000
    $262,943
    $307,943

    Comparable in this City

    • Value Estimation
      $615,000
      9,283 SF

      640 Idaho St

      STORE/OFFICE (MIXED USE)
      640 Idaho St, Elko, NV 89801-3822
      View Details
    • Value Estimation
      $1,800,000
      10,000 SF

      366 7th St

      STORES & APARTMENTS
      366 7th St, Elko, NV 89801-3853
      View Details
    • Value Estimation by Request
      5,000 SF

      416 Idaho St

      STORES & APARTMENTS
      416 Idaho St, Elko, NV 89801-3714
      View Details
    • Value Estimation by Request
      3,442 SF

      616 Commercial St

      STORES & APARTMENTS
      616 Commercial St, Elko, NV 89801-3860
      View Details
    • Value Estimation
      $645,000
      2,944 SF

      2000 Wildwood Way

      STORES & APARTMENTS
      2000 Wildwood Way, Elko, NV 89801-4868
      View Details
    • Value Estimation
      $550,000
      9,011 SF

      3716 Idaho St

      STORES & APARTMENTS
      3716 Idaho St, Elko, NV 89801-4962
      View Details

    Similar Nearby for Sale

    • $300,000
      20.36 Acres

      Elko Vacant Land For Sale

      20.36 acres with development potential in Elko, Nevada.
      Apn 001-920-080, Elko, NV 89801
      View Details
    • Contact for pricing

      Elko County Industrial Building

      Versatile industrial building with city utilities and income potential.
      2155 Last Chance Rd, Elko, NV 89801
      View Details
    • $250,000
      39.86 Acres

      Elko Land Development Opportunity

      Dual-zoned land suitable for commercial or residential development in Elko.
      Lamoille Hwy, Elko, NV 89801
      View Details
    • $325,000
      5.03 Acres

      Elko Nevada Commercial Land

      Commercial land on Idaho Street with strong potential for future use.
      Idaho St, Elko, NV 89801
      View Details
    • $225,000
      6.74 Acres

      Elko, Nevada Industrial Lot

      Prime industrial lot in Elko, Nevada with growth potential.
      Lamoille Hwy, Elko, NV 89801
      View Details
    • Contact for pricing
      40.00 Acres

      Nevada Land Parcel For Sale

      40-acre parcel in Elko County, Nevada.
      58E Mdb&M Nv, Elko, NV 89801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,312 SF

      Elko Warehouse Space Available

      3,312 sq ft warehouse space in a prime location.
      653 River St, Elko, NV 89801
      View Details
    • Contact for pricing
      7,132 SF

      New Development Warehouse Space

      8,000 SF available in Elko, NV.
      177 Walters Ct, Elko, NV 89801
      View Details
    • Contact for pricing
      5,388 SF

      Turnkey Medical Facility Near NNRH

      Well-equipped medical facility adjacent to Northern Nevada Regional Hospital.
      2003 Errecart Blvd, Elko, NV 89801
      View Details
    • Contact for pricing
      8,901 SF

      Historic Building with Modern Functionality

      Remodeled historic building suitable for offices, events, or creative studios.
      240 7Th St, Elko, NV 89801
      View Details
    • Contact for pricing
      996 SF

      Elko Retail Space Available

      996 SF retail space in Rancho Plaza, Elko, Nevada.
      1326 Idaho St, Elko, NV 89801
      View Details
    • Contact for pricing
      1,250 SF

      Elko Office Suite For Rent

      Office suite in multi-tenant building with executive offices and conference area.
      102 N 5Th 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.
    776 Commercial St
    Elko, NV 89801-3858
    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

    Thank You for Inquiry
    776 Commercial St, Elko, NV, 89801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!