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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Hotels
2572 Jennings Way Elko, NV 89801-7975
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0929906
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Total area
54,982 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-560-091
UPID
US62-0929906
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Home2 Suites by Hilton Elko Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.85M
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$5.00M
Owner & transaction history
Lrd Hotels LLC · 4 yrs held
Lrd Hotels LLC
since 2021
7 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.2M
+8.6%
Warehouse, storage
$7.1M
+7.7%
Retail stores
$6.7M
+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%
$5,250,000
6.5%
$4,845,000
7%
$4,500,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,580,000
Current use
COMMERCIAL (GENERAL)
$7,150,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,085,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$6,675,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±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
$121,862
Tax year 2024
Assessed value
$3,521,621
Assessed 2024
Previous assessed
$3,521,621
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$113,820
Assessed improvement
$3,407,801
Land market value
$325,200
Improvement market value
$9,736,574
Total market value
$10,061,774
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
2018
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
4
Units
1
Total area
54,982 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-560-091
UPID
US62-0929906
Jurisdiction
ELKO
Zoning & alternative use
ZC · Elko, NV
Zoning ZC · permitted uses
ZC · Elko, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elko. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.7M
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
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Lrd Hotels LLC
Entity
Mailing address
4939 NORMANDY DR, FRISCO, TX 75034-7592
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
34 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
—
Elko Hospitality LLC
—
Deed
related
$49,550,000 · Greenlake Real Estate Finance LLC
Dec 14, 2021
—
Lrd Hotels LLC
Elko Hospitality INC
Correction Deed
related
—
Dec 6, 2021
—
Elko Hospitality INC
—
Deed
related
$150,000,000 · Lrd Hotels LLC
Nov 19, 2021
—
Elko Hospilality INC
—
Deed
related
$200,000 · Hrv Holdings LLC
Nov 3, 2021
—
Elko Hospitality INC
—
Deed
related
$200,000 · Shreekesh Patel
Oct 14, 2021
—
Elko Hospitality INC
—
Deed
related
$375,000 · Ohimshiv Construction LLC
Oct 1, 2020
—
Dhillon Jagmohan
—
Deed
related
$450,000 · Satish Dharni
Jul 29, 2020
—
Elko Hospitality INC
—
Deed Of Trust
related
$300,000 · Satish Dharni
Oct 7, 2019
—
Elko Hospitality INC
—
Deed
related
$1,566,266 · Thornton Hotel Funding LLC
Nov 1, 2018
—
Elko Hospitality INC
—
Deed
related
$5,297,000 · Nevada St Dev
Sep 28, 2018
—
Elko Hospitality INC
—
Deed
related
$8,690,000 · Utah First FCU
May 31, 2018
—
Elko Hospitality INC
—
Deed
related
$167,500 · Other Institutional Lenders
Apr 3, 2018
—
Elko Hospitality INC
—
Deed
related
$167,500 · Dm Mtg
Jul 7, 2017
—
Elko Hospitality INC
—
Deed
related
$167,500 · Other Institutional Lenders
Jun 24, 2016
—
Elko Hospitality INC
—
Trustees Deed
related
$5,230,000 · Clearinghouse Cmnty Dev Fin'l
Oct 29, 2014
$989,744
Elko Hospitality INC
Prosper Hotels LLC
Grant Deed
—
Oct 14, 2014
$635,000
Prosper Hotel LLC
Trettin Stephen E Trust
Grant Deed
—
—
—
Elko Hospitality INC
—
Loan Modification
related
$4,106,955 · Rn Cap Solutions LLC
—
—
Dhillon Jagmohan
—
Deed Of Trust
related
$450,000 · Satish Dharni
—
—
Elko Hospitality INC
—
Loan Modification
related
$167,500 · Dm Mtg
—
—
Elko Hospitality INC
—
Loan Modification
related
$1,150,500 · Dm Mtg
—
—
Elko Hospitality INC
—
Loan Modification
related
$1,820,000 · Dm Mtg
—
—
Elko Hospitality INC
—
Loan Modification
related
$167,500 · Other Institutional Lenders
—
—
Elko Hospitality INC
—
Loan Modification
related
$8,590,000 · Rn Cap Solutions LLC
—
—
Elko Hospitality INC
—
Deed Of Trust
related
$5,297,000 · Nevada St Dev
—
—
Elko Hospitality INC
—
Loan Modification
related
$1,150,500 · Other Institutional Lenders
—
—
Elko Hospitality INC
—
Loan Modification
related
$167,500 · Other Institutional Lenders
—
—
Elko Hospitality INC
—
Loan Modification
related
$1,820,000 · Other Institutional Lenders
—
—
Elko Hospitality INC
—
Deed Of Trust
related
$1,150,500 · Other Institutional Lenders
—
—
Elko Hospitality INC
—
Deed Of Trust
related
$1,820,000 · Lincoln Capital Management LLC Lincoln Capital Management LLC
—
—
Elko Hospitality INC
—
Deed Of Trust
related
$400,000 · Satish Dharni
—
—
Elko Hospitality INC
—
Deed Of Trust
related
$167,500 · Other Institutional Lenders
—
—
Elko Hospitality INC
—
Deed Of Trust
related
$1,566,266 · Thornton Hotel Funding LLC
—
—
Utah First FCU
—
Deed Of Trust
related
$8,590,000 · Nevada St Dev
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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