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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Office buildings
2002 Idaho St Elko, NV 89801-2627
Individually Owned
11-yr Hold
Free & Clear
Property ID
US62-0548976
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
10,553 SF
Lot
2.8 ac (121,881 SF)
Zoning code
ZIC
APN
001-560-008
UPID
US62-0548976
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
-
American High Voltage Factory Industrial Manufacturer
-
US Consolidated Farm Services Agency Sustainability Organization
-
USDA Rural Development Urban Planning Department
-
Natural Resources Conservation Sustainability Organization
-
Dark Sky Armory (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.30M
Owner & transaction history
Gary Hanington · 11 yrs held
Gary Hanington
since 2014
7 recorded transactions
Zoning & alternative use
ZIC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+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
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
OFFICE BUILDING
$1,780,000
Current use
AUTO REPAIR, GARAGE
$1,955,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$123 / 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
$7,718
Tax year 2023
Assessed value
$210,809
Assessed 2023
Previous assessed
$210,809
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$94,500
Assessed improvement
$116,309
Land market value
$270,000
Improvement market value
$332,311
Total market value
$602,311
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
OFFICE BUILDING
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Stories
1
Units
1
Total area
10,553 SF
Lot
2.8 ac (121,881 SF)
Zoning code
ZIC
APN
001-560-008
UPID
US62-0548976
Jurisdiction
ELKO
Zoning & alternative use
ZIC · Elko, NV
Zoning ZIC · permitted uses
ZIC · 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
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.0M
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
1954
Heating
FORCED AIR
Stories
1
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Gary Hanington
Individual
Free & Clear · 11 yrs held
Mailing address
2002 IDAHO ST, ELKO, NV 89801-2627
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Maverick Elko LLC
—
Deed
related
—
Dec 19, 2014
$140,000
Gary Hanington
Lane,james R
Grant Deed
—
Dec 19, 2014
—
Joseph Hanington
Hanington,meredith
Quit Claim Deed
related
—
Dec 19, 2014
$210,000
Gary Hanington
Hanington,gary
Grant Deed
$690,000 · Nevada Bk&tr
Mar 6, 2013
—
James R Lage
Lage,marlena
Quit Claim Deed
related
—
Sep 29, 2010
$437,408
James Lage
Hanington,marlena
Quit Claim Deed
related
—
Apr 6, 2007
$137,000
Gary Hanington
Shigamo Dev INC
Quit Claim Deed
related
—
Jul 8, 2004
$235,000
Shigamo Dev INC
Chalmers Joan B Trust
Grant Deed
$164,500 · 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.
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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