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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
2222 Last Chance Rd Elko, NV 89801-4811
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US62-0917591
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
FRAME
Total area
3,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
M1
APN
039-004-005
UPID
US62-0917591
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
-
Envy Offroad Inc. Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Tl Ayala LLC
Tl Ayala LLC
since 2025
Last sale
$610,000
5 recorded transactions
Zoning & alternative use
M1 · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$555,000
+43.9%
Office building
$505,000
+30.9%
Commercial (general)
$390,000
+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
$495,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$385,000
Current use
AUTO REPAIR, GARAGE
$555,000
Change: +44% · Conversion: Easy
OFFICE BUILDING
$505,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$390,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$365,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $610k (Sep 20 2022)
Last sale anchor
$610k
Sep 20 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
$172 / 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
$1,834
Tax year 2024
Assessed value
$68,445
Assessed 2024
Previous assessed
$68,445
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$17,500
Assessed improvement
$50,945
Land market value
$50,000
Improvement market value
$145,557
Total market value
$195,557
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
ELECTRIC
Cooling
NONE
Stories
1
Units
1
Total area
3,000 SF
Lot
0.52 ac (22,651 SF)
Zoning code
M1
APN
039-004-005
UPID
US62-0917591
Jurisdiction
ELKO
Zoning & alternative use
M1 · Elko, NVZoning M1 · permitted uses
M1 · Elko, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$555,000
OFFICE BUILDING
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$390,000
RETAIL STORES
Est. value
$365,000
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
1989
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Tl Ayala LLC
Entity
Mailing address
225 BROOKWOOD DR, ELKO, NV 89801-2301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
$1,200,000
Tl Ayala LLC
Envy Offroad INC
Bargain & Sale Deed
$1,125,000 · Sonora LLC
Sep 20, 2022
$610,000
Envy Offroad INC
Sonora LLC
Bargain And Sale Deed
$977,963 · Sonora LLC
Feb 9, 2022
$610,000
Sonora LLC
Larry Boehler
Bargain And Sale Deed
—
Sep 26, 2014
—
Boehler Family Trust
Boehler,bonny & Mahlon
Quit Claim Deed
related
—
Mar 20, 2008
—
Peter B Dondero
—
Trustees Deed
related
$235,369 · Bottari Ranch
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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