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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Retail residential properties
366 7th St Elko, NV 89801-3853
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US62-0928634
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1953
Total area
10,000 SF
Lot
0.23 ac (10,019 SF)
Zoning code
ZC
APN
001-275-001
UPID
US62-0928634
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
$1.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Lr Properties Idaho Street Series L
Lr Properties Idaho Street Series L
since 2026
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+42.6%
Office building
$1.7M
+29.8%
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
$1,710,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,300,000
Current use
AUTO REPAIR, GARAGE
$1,855,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,685,000
Change: +30% · Conversion: Easy
WAREHOUSE, STORAGE
$1,290,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,215,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.89M (Dec 27 2023)
Last sale anchor
$1.89M
Dec 27 2023
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
$180 / 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
$7,996
Tax year 2024
Assessed value
$218,412
Assessed 2024
Previous assessed
$218,412
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$49,000
Assessed improvement
$169,412
Land market value
$140,000
Improvement market value
$484,034
Total market value
$624,034
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1953
Heating
NONE
Stories
2
Units
7
Bathrooms
7
Total area
10,000 SF
Lot
0.23 ac (10,019 SF)
Zoning code
ZC
APN
001-275-001
UPID
US62-0928634
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
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1953
Heating
NONE
Stories
2
Units
7
Bathrooms
7
Lot
0.23 ac
Current owner
From public records · entity-resolved
Lr Properties Idaho Street Series L
Entity
Mailing address
124 MURDOCH WAY, ELKO, NV 89801-0914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 17, 2026
—
Lr Properties Idaho Street Series L
Lr Properties LLC
Quitclaim Deed
related
—
Dec 27, 2023
$1,890,000
Lr Properties LLC
J Quaid Investments LLC
Bargain And Sale Deed
—
Apr 30, 2015
—
J Quaid Investments LLC 1
J Quaid Investments LLC
Quit Claim Deed
related
—
Aug 30, 2004
$630,000
J Quaid Investments LLC
Puccinelli Leo J Trust
Grant Deed
related
$595,000 · Puccinelli Leo J Trust (tr)
—
—
J Quaid Investments LLC
—
Deed Of Trust
related
$700,000 · Great Basin Bank Nv
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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