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    Wildhorse Resort: Nevada Mountain Retreat Title is generated by Realmo AI

    14032 NV-225, Owyhee, NV 89832

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    119-acre resort with general store, motel, RV hookups, and expansion potential.

    Type:Retail
    Property size:
    2,200 SF
    Lot size:
    119.00 Acres
    Price / SF:
    $590/SF
    Added:
    Dec 1, 2023
    Days on Market:
    916
    Last Refresh:
    May 12 at 9:48 pm

    Property Features for 14032 NV-225

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Lot size
    119.00 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Julie Rij

    Listing agent Julie Rij License #S.0183328

    Listing office Shipp Group at LPT Realty

    Listing date Dec 1, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Shipp Group at LPT Realty

    HighLights

    • Prime Location: Borders the Owyhee River and Jack Creek, a 1‑minute drive from Wild Horse Reservoir and Wild Horse State Recreation Area.
    • Existing Business Infrastructure: Includes a General Store, Bar/Restaurant, motel rooms, RV hookups, shower/laundry facilities, and employee quarters.
    • Expansion Potential: Tentative approval for 46 additional RV spaces and 42 mobile home spaces.
    • Established RV Hookups: Features 34 existing RV pads with power, water, and septic access, situated near a recreational pond.
    • Essential Utilities: Two functioning wells provide ample water supply, and a power transformer is in place.
    • Strategic Accessibility: Located on Mountain City Highway (SR225), a main route in Northeastern Nevada.

    Overview

    The Wildhorse Resort is a 119-acre property located along Jack Creek and the Owyhee River. The resort features a general store stocked with snacks, refreshments, local merchandise, and fishing gear, along with a fully equipped bar and restaurant. Three fully furnished motel rooms are available for rent. There is a separate building housing two employee living quarters, tool storage, and general storage. The resort includes dedicated men's and women's shower rooms, a laundry room, and coin-operated machines. The owner's quarters consist of a 14’ x 70’ single-wide trailer with 2 bedrooms, 1 bathroom, and laundry hookups. There are 34 existing RV pads, each equipped with power, water, and septic access, located near a recreational pond. The resort has received tentative approval for an additional 46 RV spaces and 42 mobile home spaces. The property borders the Owyhee River and Jack Creek and is a short drive from Wild Horse Reservoir and Wild Horse State Recreation Area. The resort has two functioning wells and a power transformer in place for the upcoming expansion. Positioned on Mountain City Highway (SR225), the Wildhorse Resort welcomes visitors year-round.
    Location Intelligence

    Current Use by Public Records

    Resorts

    Map

    City
    Owyhee
    County
    Elko
    State
    Nevada
    Longitude
    -116.095
    Latitude
    41.9458

    FAQs

    What type of property is this?
    Resort - 119-acre resort with general store, motel, RV hookups, and expansion potential.
    Where is this resort located?
    The property is located at 14032 NV-225 Owyhee, NV.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime Location: Borders the Owyhee River and Jack Creek, a 1‑minute drive from Wild Horse Reservoir and Wild Horse State Recreation Area.; Existing Business Infrastructure: Includes a General Store, Bar/Restaurant, motel rooms, RV hookups, shower/laundry facilities, and employee quarters.; Expansion Potential: Tentative approval for 46 additional RV spaces and 42 mobile home spaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Julie Rij
    Real Estate License ID: S.0183328
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    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.

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    14032 NV-225, Owyhee, NV 89832
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