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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Motels
765 Humboldt Ave Wells, NV 89835
Individually Owned
Free & Clear
Property ID
US62-0921523
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Total area
10,614 SF
Lot
2 ac (87,120 SF)
Zoning code
TC
APN
002-650-002
UPID
US62-0921523
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
$468k
Blend (final)
Blend
$645k
Owner & transaction history
GEORGE S YAN
GEORGE S YAN
Zoning & alternative use
TC · Wells, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
10-7-9: TC TOURIST COMMERCIAL DISTRICT: The tourist commercial district is established to provide space for highway and tourist related enterprises adjacent to major routes of travel so regulated as to prevent the impairment of safe and efficient movement of traffic and to encourage attractive development compatible with adjacent residential land uses. A. Re…
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
266.79 ac
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
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
$61 / 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
$6,889
Tax year 2024
Assessed value
$207,938
Assessed 2024
Previous assessed
$207,938
+0.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$24,527
Assessed improvement
$183,411
Land market value
$70,077
Improvement market value
$524,031
Total market value
$594,108
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1984
Heating
HOT WATER
Stories
2
Units
1
Total area
10,614 SF
Lot
2 ac (87,120 SF)
Zoning code
TC
APN
002-650-002
UPID
US62-0921523
Jurisdiction
ELKO
Zoning & alternative use
TC · Wells, NVZoning TC · permitted uses
TC · Wells, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
10-7-9: TC TOURIST COMMERCIAL DISTRICT: The tourist commercial district is established to provide space for highway and tourist related enterprises adjacent to major routes of travel so regulated as to prevent the impairment of safe and efficient movement of traffic and to encourage attractive development compatible with adjacent residential land uses. A. Regular Permitted Uses: All uses permitted in R-1, R-2 and GC districts. B. Uses Permitted With A Special Use Permit: Same as in BC (subsection 10-7-7B of this
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
266.79 ac
Building & site characteristics
From public records
Year built
1984
Heating
HOT WATER
Stories
2
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
GEORGE S YAN
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 96, WELLS, NV 89835-0096
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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