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Property profile & analytics
OFF-MARKET
Estimated value
$9,500,000
Hotels
1091 Cobre St Wells, NV 89835
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0793617
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Total area
55,394 SF
Lot
7.33 ac (319,295 SF)
Zoning code
TC
APN
002-760-061
UPID
US62-0793617
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.50M
Blend (final)
Blend
$9.50M
Owner & transaction history
Ruby Lodging LLC · 1 yrs held
Ruby Lodging LLC
since 2024
Last sale
$9.5M
1 recorded transaction
Zoning & alternative use
TC · Wells, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
10-7-9: TC TOURIST COMMERCIAL DISTRICT: The tourist commercial district is established to provide space for highway and tourist related enterprises adjacent to major routes of travel so regulated as to prevent the impairment of safe and efficient movement of traffic and to encourage attractive development compatible with adjacent residential land uses. A. Re…
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
266.79 ac
Top alternative use upside
Auto repair, garage
$9.9M
+48.8%
Office building
$9.5M
+42.6%
Commercial (general)
$7.4M
+11.7%
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 Wells submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wells 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
$9,500,000
ML approach
$9,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,630,000
Current use
AUTO REPAIR, GARAGE
$9,865,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$9,460,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,410,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$6,630,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,600,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$9.50M
Range $8.55M – $10.45M · ±10% · vs last sale $9.50M (Nov 21 2024)
Last sale anchor
$9.50M
Nov 21 2024
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
$171 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$89,162
Tax year 2023
Assessed value
$3,475,111
Assessed 2023
Previous assessed
$3,475,111
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$46,360
Assessed improvement
$3,428,751
Land market value
$132,457
Improvement market value
$9,796,431
Total market value
$9,928,888
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2018
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
4
Total area
55,394 SF
Lot
7.33 ac (319,295 SF)
Zoning code
TC
APN
002-760-061
UPID
US62-0793617
Jurisdiction
ELKO
Zoning & alternative use
TC · Wells, NVZoning TC · permitted uses
TC · Wells, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
10-7-9: TC TOURIST COMMERCIAL DISTRICT: The tourist commercial district is established to provide space for highway and tourist related enterprises adjacent to major routes of travel so regulated as to prevent the impairment of safe and efficient movement of traffic and to encourage attractive development compatible with adjacent residential land uses. A. Regular Permitted Uses: All uses permitted in R-1, R-2 and GC districts. B. Uses Permitted With A Special Use Permit: Same as in BC (subsection 10-7-7B of this
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
266.79 ac
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$9.9M
OFFICE BUILDING
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$7.4M
RETAIL STORES
Est. value
$6.6M
WAREHOUSE, STORAGE
Est. value
$6.6M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Lot
7.33 ac
Current owner
From public records · entity-resolved
Ruby Lodging LLC
Entity
Mailing address
15 W 6TH ST STE #2400, TULSA, OK 74119-5417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 21, 2024
$9,500,000
Ruby Lodging LLC
Loves Hospitality LLC
Bargain & Sale Deed
$6,860,000 · Bank Of Utah
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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