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Property profile & analytics
OFF-MARKET
Estimated value
$4,480,000
Hotels
2585 Jennings Way Elko, NV 89801-7975
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0929492
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2015
Total area
49,124 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-564-028
UPID
US62-0929492
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
-
Ledgestone Hotel Elko Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.33M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$4.48M
Owner & transaction history
Elko Investment Group · 1 yrs held
Elko Investment Group
since 2025
7 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+8.6%
Warehouse, storage
$6.3M
+7.7%
Retail stores
$6.0M
+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%
$4,690,000
6.5%
$4,330,000
7%
$4,020,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,880,000
Current use
COMMERCIAL (GENERAL)
$6,385,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,330,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$5,965,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.48M
Range $4.03M – $4.93M · ±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
$93,438
Tax year 2024
Assessed value
$2,886,363
Assessed 2024
Previous assessed
$2,886,363
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$78,750
Assessed improvement
$2,807,613
Land market value
$225,000
Improvement market value
$8,021,751
Total market value
$8,246,751
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
2015
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
4
Units
1
Total area
49,124 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-564-028
UPID
US62-0929492
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
$5.9M
COMMERCIAL (GENERAL)
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$6.0M
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
2015
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Elko Investment Group
Entity
Mailing address
1310 26TH AVE NW, GIG HARBOR, WA 98335-7841
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
$5,500,000
Elko Investment Group
Elko Residences LLC
Warranty Deed
$3,500,000 · Elko Residences LLC
Jun 28, 2021
—
Elko Residences LLC
—
Deed
related
$3,357,200 · Heritage Southeast Bank
Nov 14, 2014
—
Elko Residences LLC
—
Grant Deed
related
$5,167,000 · Greater Nv Cu
Jun 11, 2014
$430,000
Elko Residences LLC
High Desert Invtrs Of Idaho LLP
Grant Deed
—
Aug 2, 2006
$411,642
Jake LLP
High Desert Invtrs Of Idaho LLP
Grant Deed
related
—
Apr 7, 2006
$495,000
High Desert Invtrs Of Idaho LLP
Group Management INC
Grant Deed
$503,359 · Dl Evans Bank
—
—
Elko Residences LLC
—
Deed Of Trust
related
$5,201,150 · Greater Nv 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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