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Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Office buildings
154 Wendover Blvd, West Wendover, NV 89883
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0918805
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
METAL FRAME
Total area
16,520 SF
Lot
15 ac (653,400 SF)
Zoning code
C-3
APN
010-740-102
UPID
US62-0918805
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
$4.65M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.83M
Owner & transaction history
Peppermill Casinos INC · 6 yrs held
Peppermill Casinos INC
since 2019
6 recorded transactions
Zoning & alternative use
C-3 · West Wendover, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+4.3%
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 West Wendover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Wendover 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%
$5,030,000
6.5%
$4,645,000
7%
$4,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,820,000
Current use
AUTO REPAIR, GARAGE
$2,945,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±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
$232 / 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
$276,933
Tax year 2024
Assessed value
$7,686,445
Assessed 2024
Previous assessed
$7,686,445
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$314,270
Assessed improvement
$7,372,175
Land market value
$897,914
Improvement market value
$21,063,357
Total market value
$21,961,271
Applied tax rate
23.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
METAL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
16,520 SF
Lot
15 ac (653,400 SF)
Zoning code
C-3
APN
010-740-102
UPID
US62-0918805
Jurisdiction
ELKO
Zoning & alternative use
C-3 · West Wendover, NV
Zoning C-3 · permitted uses
C-3 · West Wendover, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Wendover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING Current
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
1996
Construction
METAL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
15 ac
Current owner
From public records · entity-resolved
Peppermill Casinos INC
Entity
Mailing address
PO BOX 3700, WEST WENDOVER, NV 89883-3700
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
—
Peppermill Casinos INC
—
Loan Modification
related
$325,000,000 · Us Bk
Aug 10, 2017
—
Peppermill Casinos INC
—
Loan Modification
related
$700,000,000 · Wells Fargo Bk
Nov 1, 2016
—
Peppermill Casinos INC
—
Deed
related
$635,000,000 · Wells Fargo Bk
Nov 9, 2012
—
Peppermill Casinos INC
—
Deed Of Trust
related
$650,000,000 · Wells Fargo Bank
—
—
Peppermill Casinos INC
—
Loan Modification
related
$525,000,000 · Wells Fargo Bk
—
—
Peppermill Casinos INC
—
Loan Modification
related
$635,000,000 · Wells Fargo Bk
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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