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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Motels
1561 6th St Wells, NV 89835
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0919169
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1980
Total area
9,196 SF
Lot
2 ac (87,120 SF)
Zoning code
TC
APN
002-760-026
UPID
US62-0919169
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
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.71M
Owner & transaction history
Karanpreet Sander · 3 yrs held
Karanpreet Sander
since 2022
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
TC · Wells, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+48.8%
Office building
$1.6M
+42.6%
Commercial (general)
$1.2M
+11.7%
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
$1,820,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,100,000
Current use
AUTO REPAIR, GARAGE
$1,640,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$1,570,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,230,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,095,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.70M (Nov 22 2022)
Last sale anchor
$1.70M
Nov 22 2022
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
$185 / 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
$20,688
Tax year 2024
Assessed value
$582,838
Assessed 2024
Previous assessed
$582,838
+0.0% YoY
Effective rate
3.55%
On assessed value
Assessed land
$31,422
Assessed improvement
$551,416
Land market value
$89,777
Improvement market value
$1,575,474
Total market value
$1,665,251
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
Off-Market
Year built
1980
Heating
NONE
Buildings
3
Stories
2
Units
3
Total area
9,196 SF
Lot
2 ac (87,120 SF)
Zoning code
TC
APN
002-760-026
UPID
US62-0919169
Jurisdiction
ELKO
Zoning & alternative use
TC · Wells, NV
Zoning TC · permitted uses
TC · Wells, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wells. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1980
Heating
NONE
Stories
2
Buildings
3
Units
3
Lot
2 ac
Current owner
From public records · entity-resolved
Karanpreet Sander
Individual
Mailing address
3049 STONINGTON DR, ROSEVILLE, CA 95747-4261
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
$1,700,000
Karanpreet Sander
Sukhi Sander
Bargain And Sale Deed
$1,240,000 · Us Metro Bank
Sep 10, 2015
—
Sander,sukhi & Ranjeet Trust
Sander,sukhi
Quit Claim Deed
related
—
Dec 9, 2005
$930,000
Sukhi Sander
Motel 6 Operating
Grant Deed
—
Dec 9, 2005
—
Sukhi Sander
Sander,ranjeet
Quit Claim Deed
related
$744,000 · Business Loan Center INC
—
—
Sukhi Sander
—
Deed Of Trust
related
$261,000 · Excel National 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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