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Property profile & analytics
FOR SALE
Turn key restaurants
915 Cornell Ave Lovelock, NV 89419
Individually Owned
Absentee Owner
Free & Clear
Property ID
US62-0494734
For Sale
1 / 16
$325,000
915 Cornell Ave, Lovelock, NV 89419
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Construction
METAL FRAME
Total area
1,600 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C
APN
001-131-05
UPID
US62-0494734
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
Navneet Kaur Grewal
Navneet Kaur Grewal
since 2025
Last sale
$200,000
5 recorded transactions
Zoning & alternative use
C · Lovelock, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Commercial Regulatory Land Use District furnishes areas for a variety of wholesale and retail goods, professional services, community and cultural facilities, automotive and equipment sales and services, and commercial recreation, Live or work dwellings, congregate living, and transition living facilities are permitted in the General Commercial district…
Zone name
Commercial
General category
COMMERCIAL
Zone area
113.78 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 Lovelock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lovelock 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
$3,742
Tax year 2023
Assessed value
$72,954
Assessed 2023
Previous assessed
$64,332
+13.4% YoY
Effective rate
5.13%
On assessed value
Assessed land
$7,684
Assessed improvement
$65,270
Land market value
$21,954
Improvement market value
$186,485
Total market value
$208,439
Applied tax rate
1.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2004
Construction
METAL FRAME
Heating
SPACE
Stories
1
Total area
1,600 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C
APN
001-131-05
UPID
US62-0494734
Jurisdiction
PERSHING
Zoning & alternative use
C · Lovelock, NVZoning C · permitted uses
C · Lovelock, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Commercial Regulatory Land Use District furnishes areas for a variety of wholesale and retail goods, professional services, community and cultural facilities, automotive and equipment sales and services, and commercial recreation, Live or work dwellings, congregate living, and transition living facilities are permitted in the General Commercial district with a special use permit.
Zone name
Commercial
General category
COMMERCIAL
Zone area
113.78 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
METAL FRAME
Heating
SPACE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Navneet Kaur Grewal
Individual
Free & Clear · 0 yrs held
Mailing address
3340 E TALLMAN DR, WINNEMUCCA, NV 89445-9426
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
Navneet Kaur Grewal
Jagdeep Grewal
Deed
related
—
Jan 22, 2025
—
Jagdeep Grewal
Navneet Kaur Grewal
Deed
related
$100,000 · Brett C Nordmeyer Etux
Jan 22, 2025
$200,000
Jagdeep Grewal
Tamara Nordmeyer
Bargain & Sale Deed
—
Aug 21, 2020
—
John Mcmullan
Patricia Mcmullan
Quit Claim Deed
related
—
Feb 8, 2005
$100,000
John Mcmullan
Mcginty,thomas C
Grant Deed
related
$70,000 · Thomas C Mcginty
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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