Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Commercial real estate
250 Parkchester Dr Spring Creek, NV 89815-5820
Individually Owned
8-yr Hold
Free & Clear
Property ID
US62-0575643
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2019
Total area
95,165 SF
Lot
11.01 ac (479,596 SF)
Zoning code
P
APN
050-001-032
UPID
US62-0575643
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.43M
Owner & transaction history
Board Of Tes & Elko Cnty Sch Distri · 8 yrs held
Board Of Tes & Elko Cnty Sch Distri
since 2017
7 recorded transactions
Zoning & alternative use
P · Spring Creek, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Spring Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Creek 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
WAREHOUSE, STORAGE
$11,925,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$11,555,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±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
$78 / 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
Assessed value
$9,007,612
Assessed 2023
Previous assessed
$9,007,612
+0.0% YoY
Assessed land
$69,363
Assessed improvement
$8,938,249
Land market value
$198,180
Improvement market value
$25,537,854
Total market value
$25,736,034
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2019
Heating
NONE
Stories
3
Units
1
Total area
95,165 SF
Lot
11.01 ac (479,596 SF)
Zoning code
P
APN
050-001-032
UPID
US62-0575643
Jurisdiction
ELKO
Zoning & alternative use
P · Spring Creek, NVZoning P · permitted uses
P · Spring Creek, 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
Est. value
$11.9M
RETAIL STORES
Est. value
$11.6M
WAREHOUSE, STORAGE
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
2019
Heating
NONE
Stories
3
Units
1
Lot
11.01 ac
Current owner
From public records · entity-resolved
Board Of Tes & Elko Cnty Sch Distri
Individual
Free & Clear · 8 yrs held
Mailing address
850 ELM ST, ELKO, NV 89801-3349
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2017
—
Board Of Tes & Elko Cnty Sch Distri
Spring Creek Assn
Grant Deed
—
Sep 5, 2013
$3,656
Creek Assn Spring
Sheriff Of Elko County
Trustees Deed
related
—
Sep 19, 2012
$500
Creek Assn Spring
Tract 106d Coml Prop Owners A
Quit Claim Deed
related
—
Jan 17, 2012
$15,160
Creek Assn Spring
Singh,hari
Quit Claim Deed
related
—
Dec 21, 2011
$8,419
Creek Assn Spring
Prohaska,charles A & Mary A
Quit Claim Deed
related
—
Dec 16, 2011
$4,815
Creek Assn Spring
Price Douglas Montrose Trust
Quit Claim Deed
related
—
Dec 16, 2011
$15,876
Creek Assn Spring
Meldrum Florence V Trust
Quit Claim Deed
related
—
Dec 15, 2011
$14,417
Creek Assn Spring
Swearengin,kum S
Quit Claim Deed
related
—
Dec 12, 2011
$30,294
Creek Assn Spring
Heit,gary D
Quit Claim Deed
related
—
Dec 12, 2011
$6,025
Creek Assn Spring
Haase,geri L
Quit Claim Deed
related
—
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 250 Parkchester Dr?
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.
