New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Motels
24 Stateline Rd, Crystal Bay, NV 89402
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US62-0443273
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1935
Construction
WOOD
Total area
5,573 SF
Lot
0.28 ac (12,109 SF)
Zoning code
TA_CBT
APN
123-042-07
UPID
US62-0443273
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
-
Border House at Crystal Bay Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$1.92M
Owner & transaction history
Owner Name Unavailable · 20 yrs held
Owner Name Unavailable
since 2005
7 recorded transactions
Zoning & alternative use
TA_CBT · Crystal Bay, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+46.3%
Neighborhood: shopping center
$2.4M
+39.5%
Restaurant
$2.3M
+35.3%
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 Crystal Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crystal Bay 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
HOTEL/MOTEL
$1,725,000
Current use
COMMERCIAL (GENERAL)
$2,520,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,405,000
Change: +39% · Conversion: Difficult
RESTAURANT
$2,330,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,950,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,840,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,765,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,740,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±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
$345 / 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
$3,771
Tax year 2023
Assessed value
$210,739
Assessed 2023
Previous assessed
$200,470
+5.1% YoY
Effective rate
1.79%
On assessed value
Assessed land
$63,572
Assessed improvement
$147,167
Land market value
$181,635
Improvement market value
$420,477
Total market value
$602,112
Applied tax rate
5,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
3
Units
11
Total area
5,573 SF
Lot
0.28 ac (12,109 SF)
Zoning code
TA_CBT
APN
123-042-07
UPID
US62-0443273
Jurisdiction
WASHOE
Zoning & alternative use
TA_CBT · Crystal Bay, NV
Zoning TA_CBT · permitted uses
TA_CBT · Crystal Bay, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crystal Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1935
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
11
Lot
0.28 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
PO BOX 37, CRYSTAL BAY, NV 89402-0037
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Apr 18, 2005
$1,225,000
Miracle Investments LLC
Borderhouse Property LLC
Grant Deed
—
Nov 19, 1999
$900,000
Borderhouse Property LLC
First Security Bank
Grant Deed
$520,000 · Individual
Mar 5, 1999
$1,164,277
Nevada Banking Co
Borderhouse LP
Trustees Deed
related
—
Jul 24, 1996
$375,000
Borderhouse LP
Benjamin Trust
Trustees Deed
$250,000 · Individual
Jul 24, 1996
—
Tahoe-crystal Bay INC
Borderhouse LP
Quit Claim Deed
related
—
Sep 7, 1995
$140,000
Benjamin Trust
Tahoe-crystal Bay INC
Grant Deed
$65,000 · Individual
Sep 9, 1988
$117,000
Tahoe-crystal Bay INC
Unknown
Grant Deed
—
—
—
Border House Brewing Co
—
Deed Of Trust
related
$100,000 · Nevada Banking Co
—
—
Borderhouse LP
—
Deed Of Trust
related
$440,000 · Nevada Banking Co
—
—
Bordehouse Properties LLC
—
Deed Of Trust
related
$17,650 · Gross Mortgage Corp0
—
—
Borderhouse LP
—
Deed Of Trust
related
$100,000 · Individual
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 24 Stateline Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
