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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1950 Idaho St Elko, NV 89801-2629
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0505054
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1971
Construction
CONCRETE
Total area
2,119 SF
Lot
0.45 ac (19,733 SF)
Zoning code
ZC
APN
001-590-021
UPID
US62-0505054
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
-
Ruby Valley Maintenance Stat State Government Office
-
Transportation Department-Maintenance Sta Department Of Transportation
-
Chevron ExtraMile Gas Station
-
Liquor Hut Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mg Properties LLC · 4 yrs held
Mg Properties LLC
since 2022
Last sale
$85,000
4 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,565
Tax year 2023
Assessed value
$100,066
Assessed 2023
Previous assessed
$100,066
+0.0% YoY
Effective rate
3.56%
On assessed value
Assessed land
$34,532
Assessed improvement
$65,534
Land market value
$98,663
Improvement market value
$187,240
Total market value
$285,903
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,119 SF
Lot
0.45 ac (19,733 SF)
Zoning code
ZC
APN
001-590-021
UPID
US62-0505054
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.
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mg Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7124 BEACON DR, RENO, NV 89506-5638
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
—
Mg Properties LLC
—
Deed
related
$848,000 · Ready Capital Corp
Apr 27, 2022
$85,000
Mg Properties LLC
Gm Investments LLC
Bargain And Sale Deed
—
May 19, 2021
$430,000
Gm Investments LLC
Big Petroleum LLC
Bargain And Sale Deed
$230,000 · Big Petroleum LLC
Aug 23, 2005
$220,000
Big Petroleum LLC
Chucks Oil City INC
Grant Deed
$220,000 · Chuck's Oil City INC
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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