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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Warehouses
1031 Silver St Elko, NV 89801
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0920335
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
3,375 SF
Lot
0.29 ac (12,502 SF)
Zoning code
ZC
APN
001-362-007
UPID
US62-0920335
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$540k
Owner & transaction history
N2 Enterprises LLC · 2 yrs held
N2 Enterprises LLC
since 2023
Last sale
$670,000
5 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$625,000
+43.9%
Office building
$570,000
+30.9%
Commercial (general)
$440,000
+0.9%
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
$395,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$435,000
Current use
AUTO REPAIR, GARAGE
$625,000
Change: +44% · Conversion: Easy
OFFICE BUILDING
$570,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$440,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$410,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $670k (Dec 18 2023)
Last sale anchor
$670k
Dec 18 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
$160 / 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
$5,773
Tax year 2024
Assessed value
$157,675
Assessed 2024
Previous assessed
$157,675
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$52,500
Assessed improvement
$105,175
Land market value
$150,000
Improvement market value
$300,500
Total market value
$450,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
3,375 SF
Lot
0.29 ac (12,502 SF)
Zoning code
ZC
APN
001-362-007
UPID
US62-0920335
Jurisdiction
ELKO
Zoning & alternative use
ZC · Elko, NV
Zoning ZC · permitted uses
ZC · Elko, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elko. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$625,000
OFFICE BUILDING
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$440,000
RETAIL STORES
Est. value
$410,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1992
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
N2 Enterprises LLC
Entity
Mailing address
1111 WATER ST, ELKO, NV 89801-3965
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
N2 Enterprises LLC
—
Deed
related
$281,000 · Nevada State Development Corporation
Dec 18, 2023
$670,000
N2 Enterprises LLC
Charles H Chester Plumbing & Heatin
Bargain And Sale Deed
$340,312 · Nevada Bank & Trust Co
Sep 30, 2015
$450,000
Charles H Chester Plumbing & H
Penrod,robert L
Grant Deed
$229,622 · Nevada Bk&tr
—
—
Charles H Chester Plumbing & H
—
Deed Of Trust
related
$192,000 · Nevada St Dev
—
—
Robert L Penrod
—
Deed Of Trust
related
$95,000 · 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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