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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Hotels
2542 Ruby Vis Dr Elko, NV 89801-1652
Entity Owned
Absentee Owner
Free & Clear
Property ID
US62-0929777
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
57,884 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-564-042
UPID
US62-0929777
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
-
Holiday Inn Express & Suites Elko, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.10M
Comparable Approach
Comparable
$5.10M
Blend (final)
Blend
$5.24M
Owner & transaction history
Wells Fargo Bank National Associati
Wells Fargo Bank National Associati
since 2025
4 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.5M
+8.6%
Warehouse, storage
$7.5M
+7.7%
Retail stores
$7.0M
+1.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,525,000
6.5%
$5,100,000
7%
$4,735,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,930,000
Current use
COMMERCIAL (GENERAL)
$7,525,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,460,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$7,030,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±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
$91 / 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
$124,640
Tax year 2024
Assessed value
$3,643,659
Assessed 2024
Previous assessed
$3,643,659
+0.0% YoY
Effective rate
3.42%
On assessed value
Assessed land
$99,173
Assessed improvement
$3,544,486
Land market value
$283,351
Improvement market value
$10,127,103
Total market value
$10,410,454
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2019
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
4
Units
1
Total area
57,884 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-564-042
UPID
US62-0929777
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$7.0M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
HEAT PUMP
Cooling
Yes
Stories
4
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Wells Fargo Bank National Associati
Entity
Free & Clear · 0 yrs held
Mailing address
2831 E SUGAR HL TER, DUBLIN, CA 94568-4623
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
Wells Fargo Bank National Associati
Dhillon Williston LLC
Deed
related
—
Sep 10, 2025
—
Dhillon Nevada Investments LLC
—
Deed
related
$57,500,000 · Wells Fargo Bank NA
Jun 26, 2020
—
Dhillon Nevada Investments LLC
—
Deed
related
$7,630,882 · Mountain America FCU
Feb 7, 2017
—
Dhillon Nevada Investments LLC
—
Deed
related
$7,630,882 · Mountain America Cu
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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