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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Motels
904 6th St Wells, NV 89835
Entity Owned
~
Est. High Equity
Property ID
US62-0919558
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1968
Total area
18,899 SF
Lot
7 ac (304,920 SF)
Zoning code
TC
APN
002-730-021
UPID
US62-0919558
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
$1.67M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.62M
Owner & transaction history
Nexlodge LLC
Nexlodge LLC
since 2025
Last sale
$1.7M
2 recorded transactions
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
Top alternative use upside
Commercial (general)
$2.5M
+11.7%
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%
$1,805,000
6.5%
$1,665,000
7%
$1,545,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,265,000
Current use
COMMERCIAL (GENERAL)
$2,530,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,265,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,250,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.65M (Dec 31 2025)
Last sale anchor
$1.65M
Dec 31 2025
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
$85 / 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
$10,823
Tax year 2024
Assessed value
$334,690
Assessed 2024
Previous assessed
$334,690
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$24,966
Assessed improvement
$309,724
Land market value
$71,331
Improvement market value
$884,926
Total market value
$956,257
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
1968
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
18,899 SF
Lot
7 ac (304,920 SF)
Zoning code
TC
APN
002-730-021
UPID
US62-0919558
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
7 ac
Current owner
From public records · entity-resolved
Nexlodge LLC
Entity
Mailing address
PO BOX 203, WELLS, NV 89835-0203
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$1,650,000
Nexlodge LLC
M&j United Hospitality LLC
Bargain & Sale Deed
$1,350,000 · First Western Sblc INC
Mar 1, 2018
$1,350,000
M & J United Hospitality LLC
Talebreza,jim
Grant Deed
$1,050,000 · Jamshid Talebreza
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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