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Property profile & analytics
OFF-MARKET
Hotels

307 Main St Yerington, NV 89447-2236

5,623 SF 0.53 ac lot Built 1973
Individually Owned 8-yr Hold Free & Clear
Property ID
US62-0873710
Property summary
AI-generated overview

This exceptional investment opportunity encompasses a thriving 13-unit motel, a commercial building currently leased to Charter Communications (Spectrum), and a manager's residence, all situated on a combined 1.2-acre parcel in Yerington, Nevada. The property consists of two parcels, APN#s 001-058-01 & 02. The motel units, including a manufactured home on-site, have recently undergone updates. The commercial building provides a stable income stream through its existing lease agreement. A key feature of this offering is the inclusion of a vacant lot, previously utilized as a small mobile home park. This lot is an integral part of the sale and is essential due to the existing motel units and commercial building encroaching upon it. The total square footage of the buildings is 5,823 square feet. This property presents a unique chance to acquire a multi-faceted commercial investment with significant potential for growth and return. The combination of established rental income from the motel and the commercial building, coupled with the potential redevelopment opportunities presented by the vacant lot, makes this a compelling investment prospect. The property is offered at $750,000.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1973
Total area 5,623 SF
Lot 0.53 ac (23,087 SF)
Zoning code C1
APN 001-058-02
UPID US62-0873710
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Bryan,nikki Tr · 8 yrs held
Bryan,nikki Tr
since 2018
2 recorded transactions
2018
$198,843
2014
$525,000
Zoning & alternative use
C1 · Yerington, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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