Wells, NV
Commercial Real Estate Market Trends & Data

$126 Avg asking sale price
$2 Avg asking lease rate
58,156 SF Avg unit lease size
15,463 SF Avg building size for sale
9.50% Average cap rate

Wells's Demographic Profile

Wells has 416 households and a median income of $61,071, providing context for rent absorption and tenant demand across retail and multifamily assets. A -9% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 1,079
# Households 416
Median age 41
Median household income $61,071
Avg household size 3.0
Renter-occupied housing units 139
5-year population change -9%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Wells, NV

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Wells $111 9,614 SF
West Wendover $201 16,924 SF
Wendover $201 16,924 SF
Elko $600 3,737 SF
Carlin $480 2,188 SF

Commercial Properties For Sale in Wells

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

The Wagon Wheel

Wells, NV 89835

  • 13,785 SF Multifamily
  • 9.50% Cap Rate
  • $650,000
For Sale

TBD US 93 (002-730-029) hwy

Wells, NV 89835

  • 5.91 AC Lot
  • 1 Commercial Lot
  • $147,500
For Sale

TBD US 93 (002-730-031) hwy

Wells, NV 89835

  • 14.27 AC Lot
  • 1 Commercial Lot
  • $214,050
For Sale

TBD US 93 (002-730-027) hwy

Wells, NV 89835

  • 6.53 AC Lot
  • 1 Commercial Lot
  • $97,950
For Sale

899 Humboldt Ave.

Wells, NV 89835

  • 2,210 SF Office Building
  • $299,000
For Sale

160 Acres of Ranch Land

Wells, NV 89835

  • 160 AC Lot
  • 1 Agricultural Lot
  • $195,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Wells pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Wells $126 15,463 SF
Wendover $129 42,686 SF
West Wendover $129 42,686 SF
Lamoille $401 1,930 SF
Jackpot $93 37,833 SF

Regional Demographic Comparison

This comparison places Wells alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Wells or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Wells 1,079 416 41 $61,071 3 139 -9%
Wendover 3,428 1,166 32 $75,521 3 554 -8%
West Wendover 3,418 1,163 32 $75,449 3 553 -8%
Lamoille 47 16 39 $99,999 3 2 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Wells, NV and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Wells

View All Commercial Real Estate For Sale in Wells
Is Wells a good market for a first-time commercial real estate investor?

Wells offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Wells?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Wells. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Wells?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Wells. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Wells compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Wells. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Wells acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Wells, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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