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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Office buildings
1020 Florence Way, West Wendover, NV 89883
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0932327
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
12,640 SF
Lot
5 ac (217,800 SF)
Zoning code
C-3
APN
010-740-167
UPID
US62-0932327
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.85M
CAP Approach
CAP
$3.56M
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$3.81M
Owner & transaction history
Maverik INC · 3 yrs held
Maverik INC
since 2023
Last sale
$3.8M
1 recorded transaction
Zoning & alternative use
C-3 · West Wendover, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Wendover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Wendover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,015,000
ML approach
$3,850,000
CAP Approach
CAP Return
Estimation
6%
$3,850,000
6.5%
$3,555,000
7%
$3,300,000
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±10% · vs last sale $3.80M (Jan 25 2023)
Last sale anchor
$3.80M
Jan 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$301 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$50,962
Tax year 2024
Assessed value
$1,334,967
Assessed 2024
Previous assessed
$1,334,967
+0.0% YoY
Effective rate
3.82%
On assessed value
Assessed land
$108,800
Assessed improvement
$1,226,167
Land market value
$310,857
Improvement market value
$3,503,334
Total market value
$3,814,191
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
12,640 SF
Lot
5 ac (217,800 SF)
Zoning code
C-3
APN
010-740-167
UPID
US62-0932327
Jurisdiction
ELKO
Zoning & alternative use
C-3 · West Wendover, NV
Zoning C-3 · permitted uses
C-3 · West Wendover, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Wendover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
Maverik INC
Entity
Free & Clear · 3 yrs held
Mailing address
185 S STATE ST STE #800, SALT LAKE CITY, UT 84111-1549
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
$3,800,000
Maverik INC
Blue Flame Development LLC
Bargain And Sale Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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