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Property profile & analytics
OFF-MARKET
Estimated value
$4,520,000
Hotels
1045 Wendover Blvd West Wendover, NV 89883
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0919069
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
CONCRETE
Total area
58,772 SF
Lot
0.41 ac (17,947 SF)
Zoning code
C-3
APN
010-740-0AS
UPID
US62-0919069
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
by Request
CAP Approach
CAP
$5.18M
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$4.52M
Owner & transaction history
Peppermill Casinos INC · 6 yrs held
Peppermill Casinos INC
since 2019
7 recorded transactions
Zoning & alternative use
C-3 · West Wendover, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide all commercial uses customarily found in a commercial area, including, but not limited to, retail and service activities, office buildings, public and quasi-public land uses and limited residential uses.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
795.03 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,610,000
6.5%
$5,180,000
7%
$4,810,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,035,000
Current use
RETAIL STORES
$7,035,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,000,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.52M
Range $4.07M – $4.97M · ±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
$77 / 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
$65,467
Tax year 2024
Assessed value
$1,860,799
Assessed 2024
Previous assessed
$1,860,799
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$15,790
Assessed improvement
$1,845,009
Land market value
$45,114
Improvement market value
$5,271,454
Total market value
$5,316,568
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Units
1
Total area
58,772 SF
Lot
0.41 ac (17,947 SF)
Zoning code
C-3
APN
010-740-0AS
UPID
US62-0919069
Jurisdiction
ELKO
Zoning & alternative use
C-3 · West Wendover, NVZoning 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
Zoning description
The purpose of this zoning district is to provide all commercial uses customarily found in a commercial area, including, but not limited to, retail and service activities, office buildings, public and quasi-public land uses and limited residential uses.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
795.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.0M
RETAIL STORES
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$7.0M
HOTEL/MOTEL Current
RETAIL STORES
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
1989
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Peppermill Casinos INC
Entity
Mailing address
PO BOX 2000, W WENDOVER, NV 89883-2000
Ownership since
2019
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
Aug 30, 2019
—
Peppermill Casinos INC
—
Loan Modification
related
$650,000,000 · Us Bk
Nov 1, 2016
—
Peppermill Casinos INC
—
Deed
related
$635,000,000 · Wells Fargo Bk
Nov 9, 2012
—
Peppermill Casinos INC
—
Deed Of Trust
related
$650,000,000 · Wells Fargo Bank
Feb 7, 2006
—
Peppermill Casinos INC
—
Deed Of Trust
related
$550,000,000 · Wells Fargo Bank
Nov 21, 2005
—
Peppermill Casinos INC
—
Loan Modification
related
$50,000,000 · Wells Fargo Bank
—
—
Peppermill Casinos INC
—
Loan Modification
related
$525,000,000 · Wells Fargo Bk
—
—
Peppermill Casinos INC
—
Loan Modification
related
$635,000,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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