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Property profile & analytics
FOR LEASE
Life science properties
1345 Water St Elko, NV 89801
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0919399
For Lease
1 / 49
$2,080,000
1345 Water St, Elko, NV 89801
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2000
Construction
METAL FRAME
Total area
19,180 SF
Lot
2.12 ac (92,391 SF)
Zoning code
ZLI
APN
001-630-059
UPID
US62-0919399
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
-
ALS Geochemistry - Elko Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Legacy Elko LLC · 1 yrs held
Legacy Elko LLC
since 2024
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
ZLI · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,080,000
ML approach
$2,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,650,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,620,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,195,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,110,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,825,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,625,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,410,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.08M (Oct 18 2024)
Last sale anchor
$2.08M
Oct 18 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
$108 / 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
$16,743
Tax year 2024
Assessed value
$465,456
Assessed 2024
Previous assessed
$465,456
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$35,040
Assessed improvement
$430,416
Land market value
$100,114
Improvement market value
$1,229,760
Total market value
$1,329,874
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
2000
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
19,180 SF
Lot
2.12 ac (92,391 SF)
Zoning code
ZLI
APN
001-630-059
UPID
US62-0919399
Jurisdiction
ELKO
Zoning & alternative use
ZLI · Elko, NVZoning ZLI · permitted uses
ZLI · 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
INDUSTRIAL (GENERAL)
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2000
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Legacy Elko LLC
Entity
Free & Clear · 1 yrs held
Mailing address
355 BOXINGTON WAY, SPARKS, NV 89434-8904
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$2,080,000
Legacy Elko LLC
Apg Trust
Bargain And Sale Deed
—
Jan 13, 2022
—
Alex G Gassiot
Alex G Gassiot
Intrafamily Transfer
related
$770,000 · Zb NA
Aug 2, 2021
—
Alex G Gassiot
Gassiot LLC
Quit Claim Deed
related
—
Oct 23, 2012
$1,400,000
Gassiot LLC
Jgr LLC
Grant Deed
$980,000 · Nevada State Bank
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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