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Property profile & analytics
OFF-MARKET
Apartment buildings
1275 Lk Ave Wells, NV 89835-8062
Individually Owned
12-yr Hold
Free & Clear
Property ID
US62-0919699
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Lot
0.26 ac (11,238 SF)
Zoning code
R1
APN
002-593-004
UPID
US62-0919699
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David R Capron · 12 yrs held
David R Capron
since 2014
2 recorded transactions
Zoning & alternative use
R1 · Wells, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
cial District GC - General Commercial District H - Historical Area Combining District MH - Mobile Home Combining District MI-1 - Warehouse - Light Industrial District MI-2 - Heavy Industrial District P - Public District R-1 - Residential Single-Family District R-1E Residential Single-family Estate District R-2 Residential Medium and High Density District R3…
Zone name
Residential Single Family
General category
RESIDENTIAL
Zone area
151.39 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$207
Tax year 2024
Assessed value
$10,341
Assessed 2024
Previous assessed
$10,341
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$6,930
Assessed improvement
$3,411
Land market value
$19,800
Improvement market value
$9,746
Total market value
$29,546
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1967
Heating
NONE
Units
1
Lot
0.26 ac (11,238 SF)
Zoning code
R1
APN
002-593-004
UPID
US62-0919699
Jurisdiction
ELKO
Zoning & alternative use
R1 · Wells, NVZoning R1 · permitted uses
R1 · Wells, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
cial District GC - General Commercial District H - Historical Area Combining District MH - Mobile Home Combining District MI-1 - Warehouse - Light Industrial District MI-2 - Heavy Industrial District P - Public District R-1 - Residential Single-Family District R-1E Residential Single-family Estate District R-2 Residential Medium and High Density District R3 Agricultural Residential District RC - Restricted Commercial District TC - Tourist
Zone name
Residential Single Family
General category
RESIDENTIAL
Zone area
151.39 ac
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
David R Capron
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 812, WELLS, NV 89835-0812
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2014
—
David R Capron
Easton,charlotte
Affidavit Of Death
related
—
Sep 16, 2013
—
David R Capron
Easton,charlotte P
Affidavit Of Death
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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