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Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Hotels
3650 Idaho St Elko, NV 89801-4649
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US62-0525486
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Total area
53,002 SF
Lot
3.11 ac (135,472 SF)
Zoning code
ZC
APN
001-860-0AC
UPID
US62-0525486
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
-
Shutters Hotel Hotel & Motel Bed & Breakfast
-
The Burger House Restaurant
-
Shutters Hotel Elko Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.67M
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$4.58M
Owner & transaction history
Foothills Dev LLC · 17 yrs held
Foothills Dev LLC
since 2009
5 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.9M
+8.6%
Warehouse, storage
$6.8M
+7.7%
Retail stores
$6.4M
+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%
$5,060,000
6.5%
$4,670,000
7%
$4,335,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,345,000
Current use
COMMERCIAL (GENERAL)
$6,890,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,830,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$6,435,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±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
$86 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$78,288
Tax year 2023
Assessed value
$2,346,826
Assessed 2023
Previous assessed
$2,346,826
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$95,788
Assessed improvement
$2,251,038
Land market value
$273,680
Improvement market value
$6,431,537
Total market value
$6,705,217
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
1999
Heating
YES
Cooling
YES
Stories
3
Total area
53,002 SF
Lot
3.11 ac (135,472 SF)
Zoning code
ZC
APN
001-860-0AC
UPID
US62-0525486
Jurisdiction
ELKO
Zoning & alternative use
ZC · Elko, NVZoning ZC · permitted uses
ZC · Elko, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.9M
WAREHOUSE, STORAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$6.4M
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
1999
Heating
YES
Cooling
Yes
Stories
3
Lot
3.11 ac
Current owner
From public records · entity-resolved
Foothills Dev LLC
Entity
Mailing address
3650 E IDAHO ST, ELKO, NV 89801-4649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Jan 22, 2019
—
Foothill Development Compan
—
Deed
related
$4,000,000 · State Bank Of Arizona
Apr 3, 2009
$75,000
Foothills Dev LLC
Ironhorse Elko LLC
Grant Deed
—
Mar 6, 2009
—
Ironhorse Elko LLC
Foothills Dev LLC
Grant Deed
related
—
—
—
Foothill Dev Co
—
Deed Of Trust
related
$4,700,000 · Alliance Bank Of Arizona
—
—
Foothill Dev Co
—
Deed Of Trust
related
$4,200,000 · Comerica 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.
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