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Property profile & analytics
OFF-MARKET
Apartment buildings
45 Old Hwy 40 Lovelock, NV 89419-6402
Individually Owned
9-yr Hold
Free & Clear
Property ID
US62-0519952
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
METAL FRAME
Total area
1,976 SF
Lot
8.36 ac (364,162 SF)
Zoning code
HDS
APN
011-090-12
UPID
US62-0519952
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patrick A Gordon · 9 yrs held
Patrick A Gordon
since 2017
3 recorded transactions
Zoning & alternative use
HDS · Lovelock, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HDS district organizes residential development in neighborhoods consisting of single-family, detached dwellings at a maximum density of four units per acre and up to seven units per acre for attached single family or manufactured home parks
Zone name
High Density Suburban
General category
RESIDENTIAL
Zone area
2.65 ac
Source
Realmo
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 Lovelock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lovelock 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,461
Tax year 2023
Assessed value
$96,192
Assessed 2023
Previous assessed
$84,528
+13.8% YoY
Effective rate
3.60%
On assessed value
Assessed land
$6,825
Assessed improvement
$89,367
Land market value
$19,500
Improvement market value
$255,334
Total market value
$274,834
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
METAL FRAME
Heating
FORCED AIR
Units
3
Total area
1,976 SF
Lot
8.36 ac (364,162 SF)
Zoning code
HDS
APN
011-090-12
UPID
US62-0519952
Jurisdiction
PERSHING
Zoning & alternative use
HDS · Lovelock, NVZoning HDS · permitted uses
HDS · Lovelock, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HDS district organizes residential development in neighborhoods consisting of single-family, detached dwellings at a maximum density of four units per acre and up to seven units per acre for attached single family or manufactured home parks
Zone name
High Density Suburban
General category
RESIDENTIAL
Zone area
2.65 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
METAL FRAME
Heating
FORCED AIR
Units
3
Lot
8.36 ac
Current owner
From public records · entity-resolved
Patrick A Gordon
Individual
Free & Clear · 9 yrs held
Mailing address
45 OLD HWY 40, LOVELOCK, NV 89419-6402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2017
$1,000
Patrick A Gordon
Ward,ron H
Quit Claim Deed
related
—
Dec 17, 2004
—
Patrick A Gordon
Gordon,robyn C
Quit Claim Deed
related
—
Dec 15, 2004
$48,000
Robyn C Gordon
Cramer,virginia
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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