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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Office buildings
1775 Browning Way Elko, NV 89801-8348
Trust Owned
5-yr Hold
Free & Clear
Property ID
US62-0920237
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2001
Total area
11,858 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-920-044
UPID
US62-0920237
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
-
Chad Edwards, DO Physician
-
Meeting your pain and wellness needs in one central location Alternative Medicine Practice
-
Balanced Mental Wellness LLC Medical Clinic
-
Brad S Burlew MD Physician
-
John Patton, DPM, FACFAS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.07M
Owner & transaction history
Raymond & Thresa Lavoie Trust · 5 yrs held
Raymond & Thresa Lavoie Trust
since 2020
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+9.9%
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 Elko submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elko 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
$2,225,000
ML approach
$2,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,000,000
Current use
AUTO REPAIR, GARAGE
$2,200,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $1.98M (Sep 11 2020)
Last sale anchor
$1.98M
Sep 11 2020
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
$174 / 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
$26,048
Tax year 2024
Assessed value
$711,629
Assessed 2024
Previous assessed
$711,629
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$21,730
Assessed improvement
$689,899
Land market value
$62,086
Improvement market value
$1,971,140
Total market value
$2,033,226
Applied tax rate
11.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Units
2
Total area
11,858 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-920-044
UPID
US62-0920237
Jurisdiction
ELKO
Zoning & alternative use
ZC · Elko, NV
Zoning ZC · permitted uses
ZC · Elko, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elko. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.2M
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
2001
Heating
NONE
Stories
1
Units
2
Lot
2 ac
Current owner
From public records · entity-resolved
Raymond & Thresa Lavoie Trust
Trust
Free & Clear · 5 yrs held
Mailing address
PO BOX 281207, LAMOILLE, NV 89828-1207
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2020
$1,980,800
Raymond & Thresa Lavoie Trust
Gunnell Properties LLC
Grant Deed
—
Oct 6, 2005
$1,950,000
Gunnell Properties LLC
Howe,frederick J & Bonnie K
Grant Deed
$1,462,500 · Great Basin Bank Nv
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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