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Property profile & analytics
OFF-MARKET
Retail space
496 7th St Wells, NV 89835
Individually Owned
Free & Clear
Property ID
US62-0547334
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
1,540 SF
Lot
0.33 ac (14,331 SF)
Zoning code
HD
APN
002-543-026
UPID
US62-0547334
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
Jonathan A Phinney
Jonathan A Phinney
since 2025
3 recorded transactions
Zoning & alternative use
HD · Wells, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of HD district is to preserve buildings or protect districts which have a historical, architectural, cultural or landmark value. It is also the purpose of this district to preserve, protect and enhance the historical characteristics of structures, uses and areas so designated in order to provide fiscally sound, functional, quality tourist busines…
Zone name
Historical Area Combining District
General category
COMMERCIAL
Zone area
1.81 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 Wells submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wells 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
$622
Tax year 2023
Assessed value
$18,791
Assessed 2023
Previous assessed
$18,791
+0.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$1,955
Assessed improvement
$16,836
Land market value
$5,586
Improvement market value
$48,103
Total market value
$53,689
Applied tax rate
12.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
2
Stories
1
Units
3
Bathrooms
2
Total area
1,540 SF
Lot
0.33 ac (14,331 SF)
Zoning code
HD
APN
002-543-026
UPID
US62-0547334
Jurisdiction
ELKO
Zoning & alternative use
HD · Wells, NVZoning HD · permitted uses
HD · Wells, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of HD district is to preserve buildings or protect districts which have a historical, architectural, cultural or landmark value. It is also the purpose of this district to preserve, protect and enhance the historical characteristics of structures, uses and areas so designated in order to provide fiscally sound, functional, quality tourist business attractions. This designation may provide for appropriate uses heavier than those permitted in the underlying zone as an aid to owner or community effort to preserve the historical, architectural, cultural or landmark value.
Zone name
Historical Area Combining District
General category
COMMERCIAL
Zone area
1.81 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
1
Buildings
2
Units
3
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Jonathan A Phinney
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 606, WELLS, NV 89835-0606
Ownership since
2025
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
Oct 13, 2025
—
Jonathan A Phinney
Jonathan A Phinney
Deed
related
—
Sep 19, 2025
—
Jonathan A Phinney
Jonathan A Phinney
Quitclaim Deed
related
—
Mar 7, 2019
$26,000
Jonathan Phinney
Chapman,henry L JR & Susan C
Grant Deed
—
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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