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Property profile & analytics
OFF-MARKET
Apartment buildings
650 3rd St Wells, NV 89835-8059
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US62-0918341
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2010
Lot
1 ac (43,560 SF)
Zoning code
R2-MH
APN
002-602-010
UPID
US62-0918341
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
Kevint LLC · 16 yrs held
Kevint LLC
since 2009
1 recorded transaction
Zoning & alternative use
R2-MH · Wells, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R2-MH district is for multiple permanent residential dwellings. This district is to allow property owners to rent or sell lots of record for the placement of mobile homes and by paying a permit fee as set by the board of councilmen by resolution.
Zone name
Residential Medium And High Density Mobile Home
General category
RESIDENTIAL
Zone area
69.04 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 2024Property tax & assessments
Tax year 2024
Tax billed
$605
Tax year 2024
Assessed value
$27,110
Assessed 2024
Previous assessed
$27,110
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$8,820
Assessed improvement
$18,290
Land market value
$25,200
Improvement market value
$52,257
Total market value
$77,457
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2010
Heating
NONE
Units
6
Lot
1 ac (43,560 SF)
Zoning code
R2-MH
APN
002-602-010
UPID
US62-0918341
Jurisdiction
ELKO
Zoning & alternative use
R2-MH · Wells, NVZoning R2-MH · permitted uses
R2-MH · Wells, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R2-MH district is for multiple permanent residential dwellings. This district is to allow property owners to rent or sell lots of record for the placement of mobile homes and by paying a permit fee as set by the board of councilmen by resolution.
Zone name
Residential Medium And High Density Mobile Home
General category
RESIDENTIAL
Zone area
69.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Units
6
Lot
1 ac
Current owner
From public records · entity-resolved
Kevint LLC
Entity
Mailing address
PO BOX 676, WELLS, NV 89835-0676
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2009
$54,000
Kevint LLC
Goicoechea LLC
Grant Deed
$28,710 · Robert B & Mary G Goicoechea
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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