Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Hotels
2829 Carson St Carson City, NV 89701-5514
Entity Owned
14-yr Hold
Free & Clear
Property ID
US62-1261051
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Total area
21,176 SF
Lot
1.06 ac (46,086 SF)
Zoning code
RC
APN
009-112-46
UPID
US62-1261051
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
-
Super 8 by Wyndham Carson City/Lake Tahoe Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$700k
Owner & transaction history
Shivji Hospitality LLC · 14 yrs held
Shivji Hospitality LLC
since 2011
7 recorded transactions
Zoning & alternative use
RC · Carson City, 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 Carson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carson City 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,165,000
Current use
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$33 / 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
$19,429
Tax year 2024
Assessed value
$568,896
Assessed 2024
Previous assessed
$536,258
+6.1% YoY
Effective rate
3.42%
On assessed value
Assessed land
$199,274
Assessed improvement
$369,622
Land market value
$569,354
Improvement market value
$1,056,062
Total market value
$1,625,416
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/MOTEL
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Stories
2
Bathrooms
3
Total area
21,176 SF
Lot
1.06 ac (46,086 SF)
Zoning code
RC
APN
009-112-46
UPID
US62-1261051
Jurisdiction
CARSON CITY
Zoning & alternative use
RC · Carson City, NV
Zoning RC · permitted uses
RC · Carson City, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carson City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.2M
HOTEL/MOTEL Current
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
1985
Heating
HEAT PUMP
Stories
2
Bathrooms
3
Lot
1.06 ac
Current owner
From public records · entity-resolved
Shivji Hospitality LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2829 S CARSON ST, CARSON CITY, NV 89701-5514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2011
$800,000
Shivji Hospitality LLC
General Elec Cap Corp
Grant Deed
—
Dec 21, 2006
—
Jasbir S Sandhu
Sandhu,jasbir S
Quit Claim Deed
related
—
Dec 20, 2006
—
Jasbir S Sandhu
Sandhu,rajwant K
Quit Claim Deed
related
$1,500,000 · Southwest Community Bank
Feb 22, 2006
—
Jasbir S Sandhu
Sandhu,jasbir S
Quit Claim Deed
related
—
Sep 26, 2003
$1,850,000
Jasbir S Sandhu
Motels Of America LLC
Grant Deed
$396,000 · Zions First National Bank
Nov 7, 1995
—
Motels Of America LLC
Motels Of America INC
Quit Claim Deed
related
$158,800,000 · Nomura Asset Capital Corp
—
—
Motels Of America LLC
—
Deed Of Trust
related
$137,250 · Star Financial LLC
—
—
Jasbir S Sandhu
—
Deed Of Trust
related
$71,800 · Borrego Springs Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2829 Carson St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
