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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Retail space
2516 Noddle Ln Elko, NV 89801-8465
Entity Owned
Free & Clear
Property ID
US62-0926171
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
5,000 SF
Lot
1 ac (43,560 SF)
Zoning code
ZC
APN
001-660-0AA
UPID
US62-0926171
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
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
2516 Noddle Lane LLC
2516 Noddle Lane LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
ZC · Elko, 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 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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.80M (Jun 9 2025)
Last sale anchor
$1.80M
Jun 9 2025
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
$340 / 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
$14,260
Tax year 2024
Assessed value
$394,164
Assessed 2024
Previous assessed
$394,164
+0.0% YoY
Effective rate
3.62%
On assessed value
Assessed land
$79,100
Assessed improvement
$315,064
Land market value
$226,000
Improvement market value
$900,183
Total market value
$1,126,183
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,000 SF
Lot
1 ac (43,560 SF)
Zoning code
ZC
APN
001-660-0AA
UPID
US62-0926171
Jurisdiction
ELKO
Zoning & alternative use
ZC · Elko, NVZoning ZC · permitted uses
ZC · Elko, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
2516 Noddle Lane LLC
Entity
Free & Clear · 0 yrs held
Mailing address
163 OSINO UNIT #5, ELKO, NV 89801-9402
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
$1,800,000
2516 Noddle Lane LLC
Wb24 Holdings LLC
Bargain & Sale Deed
—
Sep 9, 2025
—
Wb24 Holsings LLC
Brooke W Ballard
Bargain & Sale Deed
$1,440,000 · Elko FCU
Dec 30, 2024
$1,600,000
Richard J Williams
Nne Construction INC
Bargain & Sale Deed
—
Dec 30, 2024
—
Wb24 Holdings LLC
Richard J Williams
Bargain & Sale Deed
—
Nov 20, 2015
—
Nne Construction INC
Ahca 3 LLC
Grant Deed
—
Jul 17, 2015
$290,000
Ahca 3 LLC
Dlm Real Estate Holdings LLC
Grant Deed
—
May 18, 2015
$290,000
Dlm Real Estate Holdings LLC
Pacific Ridge Elko Noddle LLC
Grant Deed
—
Sep 17, 2007
$215,000
Pacific Ridge Elko 5th St LLC
Cambria-adara Properties LLC
Grant Deed
—
Aug 17, 2004
$179,239
Cambria-adara Properties LLC
Hanlon,david P & Elaine V
Grant Deed
$157,500 · Daniel G Kabat Cpa Dbpp (tr)
—
—
Nne Construction INC
—
Deed Of Trust
related
$504,000 · Nevada Bk&tr
—
—
Cambria-adara Properties LLC
—
Deed Of Trust
related
$21,739 · David P Hanlon
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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