Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1992 Snobowl Rd Elko, NV 89801

    • Sports & entertainment properties
    • 0.01 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0647246
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 1992 Snobowl Rd

    Year built
    1994
    Lot size
    0.01 lot acres
    Zone code
    OS
    Property type
    Sports & entertainment properties
    APN
    005-520-010
    APU
    5520010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elko
    County
    Elko
    State
    Nevada
    Longitude
    -115.863
    Latitude
    40.9062
    CBSA code
    21220
    CBSA name
    ELKO, NV MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $22,620
    $6,738
    $29,358
    -
    $64,629
    $19,251
    $83,880

    Comparable in this City

    • Value Estimation
      $925,000
      106,713 SF

      356 Commercial St

      CASINO • 106,713 SF
      356 Commercial St, Elko, NV 89801
      View Details
    • Value Estimation
      $630,000
      40,880 SF

      345 4th St

      CASINO • 40,880 SF
      345 4th St, Elko, NV 89801-3605
      View Details
    • Value Estimation
      $655,000
      40,275 SF

      700 Moran Way

      ARENA, CONVENTION CENTER • 40,275 SF
      700 Moran Way, Elko, NV 89801-3436
      View Details
    • Value Estimation
      $305,000
      15,126 SF

      656 Commercial St

      THEATER (MOVIE) • 15,126 SF
      656 Commercial St, Elko, NV 89801
      View Details
    • Value Estimation
      $430,000
      16,953 SF

      2050 Idaho St

      CASINO • 16,953 SF
      2050 Idaho St, Elko, NV 89801-2627
      View Details
    • Value Estimation by Request
      5,388 SF

      2003 Errecart Blvd

      Commercial real estate • 5,388 SF
      2003 Errecart Blvd, Elko, NV 89801
      View Details

    Similar Nearby for Sale

    • $1,700,000
      11,433 SF

      Downtown Elko Commercial Gem

      High-traffic location, three tenants, versatile space.
      118 2Nd St, Elko, NV 89801
      View Details
    • $1,515,321
      438.66 Acres

      Expansive Land Near Elko, Nevada

      438.663 acres of prime land near Elko, Nevada.
      56E Mdb&M, Elko, NV 89801
      View Details
    • Contact for pricing
      1.00 Acre

      Acre Parcel in Burner Basin

      One-acre parcel in Burner Basin near Spring Creek, Nevada.
      1 Acre Cortez Ave, Spring Creek, NV 89801
      View Details
    • $180,050
      40.01 Acres

      Elko, NV Vacant Land

      40.010-acre parcel ideal for residential or commercial development in Elko.
      55E Mdb&M, Elko, NV 89801
      View Details
    • $1,600,000
      640.00 Acres

      640 Acres of Raw Land

      Large land parcel in Elko County, Nevada, ideal for investment.
      5Th St, Elko, NV 89801
      View Details
    • $499,000
      1.14 Acres

      Elko Commercial Land Opportunity

      Prime commercial land near I-80 in Elko, Nevada.
      2215 Ruby Vista Dr, Elko, NV 89801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,520 SF

      Elko Medical Office Space

      Well-maintained 2,520 SF medical office space for lease.
      2719 Argent Ave, Elko, NV 89801
      View Details
    • Contact for pricing
      8,901 SF

      Historic Building with Modern Functionality

      Remodeled historic building suitable for offices, events, or creative studios.
      240 7Th St, Elko, NV 89801
      View Details
    • Contact for pricing
      2,400 SF

      Elko Commercial Flex Space

      2400 SF flex space with fenced outdoor area available for lease.
      729 Douglas St, Elko, NV 89801
      View Details
    • Contact for pricing
      996 SF

      Elko Retail Space For Rent

      996 SF retail space in Rancho Plaza, Elko, Nevada.
      1326 Idaho St, Elko, NV 89801
      View Details
    • Contact for pricing
      840 SF

      Elko Retail Space Available

      Upgraded 840 sq ft retail space with high visibility.
      1352 Idaho St, Elko, NV 89801
      View Details
    • Contact for pricing
      800 SF

      Modern Executive Suites For Rent

      Modern executive suites designed for productivity and comfort.
      2315 N 5Th St, Elko, NV 89801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1992 Snobowl Rd
    Elko, NV 89801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.