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Property profile & analytics
OFF-MARKET
Office buildings
491 4th St Elko, NV 89801-3133
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0929117
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Total area
5,000 SF
Lot
0.12 ac (5,140 SF)
Zoning code
ZC
APN
001-261-002
UPID
US62-0929117
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
-
Gerber Law Offices, LLP Law Firm
-
GRASS MARCH COWBOY EXPRESS Horseback Riding Service
-
Reno Carson Messenger Service Courier Service Postal Service
-
CNS Rentals, LLC Building Supply
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
Fourth & Court LLC · 8 yrs held
Fourth & Court LLC
since 2018
4 recorded transactions
Zoning & alternative use
ZC · Elko, 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 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,615
Tax year 2024
Assessed value
$98,708
Assessed 2024
Previous assessed
$98,708
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$14,420
Assessed improvement
$84,288
Land market value
$41,200
Improvement market value
$240,823
Total market value
$282,023
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1947
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
5,000 SF
Lot
0.12 ac (5,140 SF)
Zoning code
ZC
APN
001-261-002
UPID
US62-0929117
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.
Building & site characteristics
From public records
Year built
1947
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Fourth & Court LLC
Entity
Mailing address
491 4TH ST, ELKO, NV 89801-3133
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2018
—
Fourth & Court LLC
Gerber Prof Building LLC
Quit Claim Deed
$488,885 · Gerber A Grant & L C Tr (pt)
Jan 6, 2009
—
Gerber Prof Building LLC
Gerber,a Grant & Lenore C
Quit Claim Deed
—
—
—
Gerber A G
—
Deed Of Trust
related
$440,000 · Celtic Bank Corp
—
—
Gerber Prof Building LLC
—
Loan Modification
related
$129,121 · Nevada State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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