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    1349 Idaho St Elko, NV 89801

    For Sale
    $1,800,000

    Profitable Hotel, Recently Renovated

    Property size:
    25,593 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    The Stay Express Inn, a thriving hospitality business located at 1349 Idaho St, Elko, NV 89801, is offered for sale at $1,800,000. This established hotel boasts 63 keys spread across two, two-story buildings, totaling 25,593 square feet on a 0.9-acre lot (APN: 001-292-001). Built in 1961 and extensively renovated in 2024, the property presents a turnkey opportunity for investors. Its prime location, just two miles from Elko Regional Airport, ensures convenient access for both business and leisure travelers. The hotel's strategic positioning within Elko County capitalizes on the consistent influx of visitors drawn to the region's robust mining industry and diverse outdoor recreational activities. This presents a significant opportunity for growth within a dynamic and thriving market. The property's recent renovation ensures modern amenities and updated facilities, minimizing immediate capital expenditure needs. This well-maintained hotel offers a strong foundation for continued success and substantial return on investment. The property's size and location make it an attractive option for both experienced hospitality operators and new investors seeking a profitable venture in a growing Nevada market.

    Property Features for 1349 Idaho St

    General Information

    Property type
    Motels
    Square Feet
    25,593 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built/Renovated
    1961/2024
    Buildings
    2
    Stories
    2

    HighLights

    • $1,800,000 asking price.
    • 63‑key hotel/motel.
    • 25,593 square feet.
    • Two buildings, two stories.
    • 0.9‑acre lot.
    • Recently renovated (2024).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stay Express Inn ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elko
    County
    Elko
    State
    Nevada
    Longitude
    -115.7555549
    Latitude
    40.8395112

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    FAQs

    What type of property is this?
    Motel - Profitable Hotel, Recently Renovated
    Where is this motel located?
    The property is located at 1349 Idaho St Elko, NV.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; 63-key hotel/motel.; 25,593 square feet.
    Request Owner's contact information
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    Elko, NV 89801
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    Realmo Value Estimation

    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.

    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.

    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
    1349 Idaho St Elko, NV 89801
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