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Property profile & analytics
OFF-MARKET
Estimated value
$3,170,000
Hotels
1591 Great Basin Blvd Ely, NV 89301-3136
Individually Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0549132
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Total area
43,715 SF
Lot
1.37 ac (59,764 SF)
APN
001-482-16
UPID
US62-0549132
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
-
La Quinta Inn & Suites by Wyndham Ely Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.17M
Owner & transaction history
West Wasatch Hotels Lc · 15 yrs held
West Wasatch Hotels Lc
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.0M
+38.3%
Commercial (general)
$4.4M
+22.0%
Industrial (general)
$4.3M
+17.7%
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 Ely submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ely 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,625,000
Current use
OFFICE BUILDING
$5,015,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,425,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,270,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.17M
Range $2.85M – $3.49M · ±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
$73 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$64,309
Tax year 2023
Assessed value
$1,645,151
Assessed 2023
Previous assessed
$1,479,250
+11.2% YoY
Effective rate
3.91%
On assessed value
Assessed land
$31,759
Assessed improvement
$1,613,392
Land market value
$90,740
Improvement market value
$4,609,690
Total market value
$4,700,430
Applied tax rate
10.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
2
Stories
3
Total area
43,715 SF
Lot
1.37 ac (59,764 SF)
APN
001-482-16
UPID
US62-0549132
Jurisdiction
WHITE PINE
Zoning & alternative use
Zoning · permitted uses
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
HOTEL/MOTEL Current
Est. value
$3.6M
OFFICE BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2007
Heating
NONE
Stories
3
Buildings
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
West Wasatch Hotels Lc
Individual
Mailing address
1125 N HOVI HLS DR, CEDAR CITY, UT 84721-5107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
—
West Wasatch Hotels Lc
—
Deed
related
$14,000,000 · State Bank Of Southern Utah
Jun 18, 2014
—
West Wasatch Hotels Lc
—
Grant Deed
related
$14,700,000 · Royal Bk/scotland Plc
Dec 30, 2011
—
West Wasatch Hotels Lc
—
Grant Deed
related
$1,750,484 · State Bk/sthrn Ut
Jan 26, 2011
—
West Wasatch Hotels Lc
—
Grant Deed
related
$1,172,400 · Wfb NA
Jan 25, 2011
$3,980,000
West Wasatch Hotels Lc
Anb Venture LLC
Grant Deed
—
—
—
West Wasatch Hotels Lc
—
Deed Of Trust
related
$1,954,000 · Wfb NA
—
—
West Wasatch Hotels Lc
—
Deed Of Trust
related
$1,029,697 · Wfb NA
—
—
West Wasatch Hotels Lc
—
Deed Of Trust
related
$1,207,000 · Mountain W Small Busn Fin
—
—
West Wasatch Hotels Lc
—
Deed Of Trust
related
$747,000 · Mountain W Small Busn Fin
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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