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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail space
524 Commercial St Elko, NV 89801-3741
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0930076
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Total area
3,706 SF
Lot
0.06 ac (2,570 SF)
Zoning code
ZC
APN
001-343-003
UPID
US62-0930076
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
-
BIC Marketing Group Advertising Agency Marketing & Advertising
-
Clearly Nevada Painting Lessons Art Gallery
-
Raymond James Financial Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Starr Valley · 1 yrs held
Starr Valley
since 2024
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
ZC · Elko, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$685,000
+52.7%
Office building
$625,000
+38.9%
Commercial (general)
$480,000
+7.1%
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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
RETAIL STORES
$450,000
Current use
AUTO REPAIR, GARAGE
$685,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$480,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$480,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Aug 28 2024)
Last sale anchor
$575k
Aug 28 2024
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
$155 / 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
$2,142
Tax year 2024
Assessed value
$59,964
Assessed 2024
Previous assessed
$59,964
+0.0% YoY
Effective rate
3.57%
On assessed value
Assessed land
$10,710
Assessed improvement
$49,254
Land market value
$30,600
Improvement market value
$140,726
Total market value
$171,326
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Heating
RADIANT
Stories
2
Units
1
Bathrooms
2
Total area
3,706 SF
Lot
0.06 ac (2,570 SF)
Zoning code
ZC
APN
001-343-003
UPID
US62-0930076
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
RETAIL STORES Current
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$685,000
OFFICE BUILDING
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$480,000
WAREHOUSE, STORAGE
Est. value
$480,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1935
Heating
RADIANT
Stories
2
Units
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Starr Valley
Individual
Mailing address
1900 DENNIS FLT RD, DEETH, NV 89823-2020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$575,000
Starr Valley
Patray Assets LLP LLC
Bargain And Sale Deed
$350,000 · Patray Assets LLP
Sep 7, 2016
$299,000
Patray Assets LLP
Jennifer Anne Bowser
Bargain And Sale Deed
$239,200 · Us Bank NA
Sep 7, 2016
—
Jennifer A Bowser
Bowser,alan S
Affidavit Of Death
related
—
Jul 10, 2012
—
Alan S Bowser
Bowser,alan S
Quit Claim Deed
related
—
—
—
Alan S Bowser
—
Loan Modification
related
$55,500 · Great Basin Bank Nv
—
—
Alan S Bowser
—
Loan Modification
related
$47,500 · Great Basin Bank Nv
—
—
Alan S Bowser
—
Deed Of Trust
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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