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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
2160 Last Chance Rd, Elko, NV 89801-4809
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0916346
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
4,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
M1
APN
039-004-002
UPID
US62-0916346
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
-
Titan Wheel Corporation Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$392k
Blend (final)
Blend
$555k
Owner & transaction history
Ruby Valley Holdings LLC · 4 yrs held
Ruby Valley Holdings LLC
since 2022
Last sale
$700,000
1 recorded transaction
Zoning & alternative use
M1 · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$740,000
+43.9%
Office building
$675,000
+30.9%
Commercial (general)
$520,000
+0.9%
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
$570,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$370,000
7%
$345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$515,000
Current use
AUTO REPAIR, GARAGE
$740,000
Change: +44% · Conversion: Easy
OFFICE BUILDING
$675,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$485,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $700k (Jun 17 2022)
Last sale anchor
$700k
Jun 17 2022
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
$139 / 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
$2,320
Tax year 2024
Assessed value
$86,583
Assessed 2024
Previous assessed
$86,583
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$17,500
Assessed improvement
$69,083
Land market value
$50,000
Improvement market value
$197,380
Total market value
$247,380
Applied tax rate
3.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Units
1
Total area
4,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
M1
APN
039-004-002
UPID
US62-0916346
Jurisdiction
ELKO
Zoning & alternative use
M1 · Elko, NV
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$740,000
OFFICE BUILDING
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$520,000
RETAIL STORES
Est. value
$485,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1990
Heating
NONE
Stories
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Ruby Valley Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
124 W 1600TH N, CENTERVILLE, UT 84014-1199
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
$700,000
Ruby Valley Holdings LLC
Robert R Hecht
Bargain And Sale Deed
—
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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