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Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Retail space
1031 Railroad St Elko, NV 89801-3959
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0928635
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
32,122 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-280-001
UPID
US62-0928635
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
Current use
Occupant on record · Public records
-
Elko Strength & Fitness Gym & Fitness Center
-
Pilot Gold (USA) Inc. Industrial Manufacturer
-
Lithium Corporation Industrial Park Production Facility
-
Elko Institute for Academic Achievement High School
-
Fenix Training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.27M
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$4.76M
Owner & transaction history
Vaughn Industrial Park · 5 yrs held
Vaughn Industrial Park
since 2021
7 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.0M
+52.7%
Office building
$5.4M
+38.9%
Commercial (general)
$4.2M
+7.1%
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 Elko submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elko 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,705,000
6.5%
$5,270,000
7%
$4,890,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,900,000
Current use
AUTO REPAIR, GARAGE
$5,955,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$5,420,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,175,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$4,140,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±10%
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
$148 / 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
$64,014
Tax year 2024
Assessed value
$2,010,636
Assessed 2024
Previous assessed
$2,010,636
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$155,423
Assessed improvement
$1,855,213
Land market value
$444,066
Improvement market value
$5,300,609
Total market value
$5,744,675
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
32,122 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-280-001
UPID
US62-0928635
Jurisdiction
ELKO
Zoning & alternative use
ZC · Elko, NVZoning ZC · permitted uses
ZC · Elko, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
2 ac
Current owner
From public records · entity-resolved
Vaughn Industrial Park
Individual
Mailing address
316 CALIFORNIA AVE #12, RENO, NV 89509-1650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
—
Vaughn Industrial Park
—
Deed
related
$1,014,918 · Nevada Bk&tr
Oct 18, 2017
—
Vaughn Industrial Park
—
Deed
related
$644,342 · Nevada Bk&tr
—
—
Industrial Park Vaughn
—
Deed Of Trust
related
$1,060,500 · Nevada Bank & Trust Co
—
—
Industrial Park Vaughn
—
Deed Of Trust
related
$800,000 · Us Bank Trust Co
—
—
Industrial Park Vaughn
—
Loan Modification
related
$600,000 · Nevada Bk&tr
—
—
Vaughn Industrial Park
—
Loan Modification
related
$644,342 · Nevada Bk&tr
—
—
Vaughn Industrial Park
—
Loan Modification
related
$1,014,918 · Nevada Bk&tr
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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