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Property profile & analytics
OFF-MARKET Estimated value $825,000
Motels

1349 Idaho St Elko, NV 89801-4018

21,144 SF 1 ac lot Built 1945
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US62-0923056
Property summary
AI-generated overview

The Stay Express Inn, a thriving hospitality business located at 1349 Idaho St, Elko, NV 89801, is offered for sale at $1,800,000. This established hotel boasts 63 keys spread across two, two-story buildings, totaling 25,593 square feet on a 0.9-acre lot (APN: 001-292-001). Built in 1961 and extensively renovated in 2024, the property presents a turnkey opportunity for investors. Its prime location, just two miles from Elko Regional Airport, ensures convenient access for both business and leisure travelers. The hotel's strategic positioning within Elko County capitalizes on the consistent influx of visitors drawn to the region's robust mining industry and diverse outdoor recreational activities. This presents a significant opportunity for growth within a dynamic and thriving market. The property's recent renovation ensures modern amenities and updated facilities, minimizing immediate capital expenditure needs. This well-maintained hotel offers a strong foundation for continued success and substantial return on investment. The property's size and location make it an attractive option for both experienced hospitality operators and new investors seeking a profitable venture in a growing Nevada market.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1945
Total area 21,144 SF
Lot 1 ac (43,560 SF)
Zoning code ZC
APN 001-292-001
UPID US62-0923056
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
  • Stay Express Inn Elko Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
$796k
Blend (final) Blend
$825k
Owner & transaction history
Kana LLC · 5 yrs held
Kana LLC
since 2021
Last sale
$750,000
5 recorded transactions
2021
$750,000
2014
Price N/A
2004
$400,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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