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Property profile & analytics
FOR SALE
Motels
1509 6Th St Wells, NV 89835
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0931597
For Sale
1 / 47
Contact for pricing
1509 6Th St, Wells, NV 89835
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Construction
WOOD
Total area
21,698 SF
Lot
1 ac (43,560 SF)
Zoning code
TC
APN
002-760-038
UPID
US62-0931597
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
$1.91M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.60M
Owner & transaction history
Jujaar Singh · 1 yrs held
Jujaar Singh
since 2025
4 recorded transactions
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
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,070,000
6.5%
$1,910,000
7%
$1,775,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,600,000
Current use
RETAIL STORES
$2,600,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,585,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$74 / 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
$19,761
Tax year 2024
Assessed value
$583,999
Assessed 2024
Previous assessed
$583,999
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$18,695
Assessed improvement
$565,304
Land market value
$53,414
Improvement market value
$1,615,154
Total market value
$1,668,568
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1992
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
1
Total area
21,698 SF
Lot
1 ac (43,560 SF)
Zoning code
TC
APN
002-760-038
UPID
US62-0931597
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
$2.6M
RETAIL STORES
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.6M
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
1992
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Jujaar Singh
Individual
Mailing address
PO BOX 237, WELLS, NV 89835-0237
Ownership since
2025
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
Apr 18, 2025
$800,000
Jujaar Singh
Sukhi Sander
Bargain & Sale Deed
$1,220,000 · Us Metro Bank
Sep 10, 2015
—
Sander,sukhi & Ranjeet Trust
Sander,sukhi S
Quit Claim Deed
related
—
Oct 28, 2004
$1,425,000
Sukhi S Sander
Yoo,dyk & Hae S
Grant Deed
—
Oct 28, 2004
—
Sukhi S Sander
Sander,ranjeet K
Quit Claim Deed
related
$1,068,000 · Hanmi 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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