For Sale
$499,000

400 Howerton HlTonopah, NV 89049

Nevada Office Building - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, 3,447 sq ft office building in Tonopah, Nevada, presents a compelling investment opportunity. Built in 1994, the single-story structure sits on a 1.3-acre lot and features 10 parking spaces. Currently, a portion of the building is occupied by a government tenant under a net lease agreement (NN+), with a lease term expiring September 30, 2024. The property is divided into three units, with one unit (1359 sq ft) leased to the Nevada Division of Wildlife, while two additional units (1350 sq ft and 646 sq ft) are available for lease. The asking price is $499,000, representing a price per square foot of $144.76 and a price per unit of $166,333.33. The property's Net Operating Income (NOI) is $1,651, resulting in a 0.33% cap rate. The property's address is 400 Howerton Hill, Tonopah, NV 89049. The building's current occupancy is 50%, with the lease commencing October 1, 2019. This property offers a unique opportunity to acquire a well-constructed building in a desirable location with potential for increased rental income. The property features air rights of 3,447 sq ft. No rent bumps are included in the lease agreement. The property is owned by an LLC and the APN is 008-291-18.

Highlights

  • $499,000 asking price for a Class A, 3,447 square foot office building in Tonopah, Nevada.
  • Net lease investment opportunity with a credit-rated government tenant.
  • 5-year lease expiring September 30, 2024 (currently 0 years remaining).
  • $144.76 per square foot price, with a 0.33% cap rate and $1,651 annual NOI.
  • Located on a 1.3-acre lot with 10 parking spaces.
  • Property features three units totaling 3,447 square feet, built in 1994.

Property Details for 400 Howerton Hl

Property type
Office properties
Square Feet
3,447 SF
Class
A
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
56,628 SF
Units
3

Location Insight

City
Tonopah
County
Nye
State
Nevada
Latitude
38.0612391
Longitude
-117.217683
400 Howerton Hl, Tonopah, Nevada

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
400 Howerton Hl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message