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Property profile & analytics
OFF-MARKET
Estimated value
$12,350,000
Hotels
2625 Jennings Elko, NV 89801-7902
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0929447
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2011
Total area
53,073 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-565-030
UPID
US62-0929447
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
$12.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.10M
Blend (final)
Blend
$12.35M
Owner & transaction history
Dhillon Elko LLC · 2 yrs held
Dhillon Elko LLC
since 2024
Last sale
$12.4M
5 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.8M
+54.9%
Office building
$9.0M
+40.9%
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
$12,350,000
ML approach
$12,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,840,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$8,955,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$12.35M
Range $11.12M – $13.59M · ±10% · vs last sale $12.35M (May 7 2024)
Last sale anchor
$12.35M
May 7 2024
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
$233 / 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
$121,335
Tax year 2024
Assessed value
$3,514,124
Assessed 2024
Previous assessed
$3,514,124
+0.0% YoY
Effective rate
3.45%
On assessed value
Assessed land
$121,800
Assessed improvement
$3,392,324
Land market value
$348,000
Improvement market value
$9,692,354
Total market value
$10,040,354
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
2011
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
4
Units
1
Total area
53,073 SF
Lot
2 ac (87,120 SF)
Zoning code
ZC
APN
001-565-030
UPID
US62-0929447
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
AUTO REPAIR, GARAGE
Est. value
$9.8M
OFFICE BUILDING
Est. value
$9.0M
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2011
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Dhillon Elko LLC
Entity
Mailing address
2831 E SUGAR HL TER, DUBLIN, CA 94568-4623
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Dhillon Elko LLC
—
Deed
related
$57,500,000 · Wells Fargo Bank NA
May 7, 2024
$12,350,000
Dhillon Elko LLC
Ruby Vista Lodging Associates LLC
Grant Deed
$9,400,000 · Bank Of America NA
Sep 15, 2014
—
Ruby Vista Lodging Assocs LLC
—
Grant Deed
related
$8,500,000 · Bank Of America
Jul 2, 2010
—
Ruby Vista Lodging Assocs LLC
—
Trustees Deed
related
$6,000,000 · Meadows Bank
Jan 16, 2009
$857,121
Ruby Vista Lodging Assocs LLC
Ruby View Resort LLC
Grant Deed
—
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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