Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Elko, NV 89801

    • Bars
    • 1,869 SF
    • 35.00 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0929296
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details

    Year built
    1929
    Lot size
    35.00 lot acres
    Property size
    1,869 SF
    Zone code
    MULT
    Property type
    Bars
    Property subtype
    Pubs
    APN
    005-12B-002
    APU
    00512B002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elko
    County
    Elko
    State
    Nevada
    Longitude
    -116.117
    Latitude
    41.2766
    CBSA code
    21220
    CBSA name
    ELKO, NV MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,865
    $16,690
    $54,690
    $71,380
    -
    $47,686
    $156,257
    $203,943

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      1750 Manzanita Ln

      BAR, TAVERN • 5,000 SF
      1750 Manzanita Ln, Elko, NV 89801-2887
      View Details
    • Value Estimation by Request
      2,160 SF

      244 3rd St

      BAR, TAVERN • 2,160 SF
      244 3rd St, Elko, NV 89801-3625
      View Details
    • Value Estimation by Request
      2,950 SF

      10729 Mtn City Hwy

      BAR, TAVERN • 2,950 SF
      10729 Mtn City Hwy, Elko, NV 89801
      View Details
    • Value Estimation by Request
      1,102 SF

      538 Riv St

      BAR, TAVERN • 1,102 SF
      538 Riv St, Elko, NV 89801
      View Details
    • Value Estimation by Request
      2,076 SF

      465 Railroad St

      BAR, TAVERN • 2,076 SF
      465 Railroad St, Elko, NV 89801-3717
      View Details
    • Value Estimation by Request
      1,530 SF

      449 Railroad St

      BAR, TAVERN • 1,530 SF
      449 Railroad St, Elko, NV 89801-3717
      View Details

    Similar Nearby for Sale

    • $1,225,000
      7 SF

      Established Restaurant with Real Estate

      Profitable restaurant with real estate, FF&E, and established brand.
      351 Silver St Elko, Elko, NV 89801
      View Details
    • $245,000

      Elko Commercial Investment Opportunity

      Commercial property with restaurant/bar potential and residential space.
      238 3Rd St, Elko, NV 89801
      View Details
    • Contact for pricing

      Retail Pad in Kroger Parking

      Retail pad site available within Kroger's parking lot.
      1740-1780 Mountain City Hwy, Elko, NV 89801
      View Details
    • $120,000
      12.80 Acres

      12.8 Acres with Stunning Views

      12.8-acre parcel with panoramic views near Elko, Nevada.
      12.8 Acres Snow Bowl Rd, Elko, NV 89801
      View Details
    • Contact for pricing
      2.68 Acres

      Land Near Downtown Elko

      Corner lot near downtown Elko with Humboldt River views.
      032-016-021 Portland St And Vermont St, Elko, NV 89801
      View Details
    • Contact for pricing
      1.13 Acres

      Ryndon Land Parcel For Sale

      1.13 acre parcel in Ryndon, Elko, Nevada.
      8Th St, Elko, NV 89801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Elko Retail Space Available

      Commercial space for lease on Idaho Street in Elko, Nevada.
      174 Idaho St, Elko, NV 89801
      View Details
    • Contact for pricing
      8,901 SF

      Historic Building with Modern Functionality

      Remodeled historic building suitable for offices, events, or creative studios.
      240 7Th St, Elko, NV 89801
      View Details
    • Contact for pricing
      840 SF

      Elko Retail Space Available

      Upgraded 840 sq ft retail space with high visibility.
      1352 Idaho St, Elko, NV 89801
      View Details
    • Contact for pricing
      996 SF

      Elko Retail Space For Rent

      996 SF retail space in Rancho Plaza, Elko, Nevada.
      1326 Idaho St, Elko, NV 89801
      View Details
    • Contact for pricing
      2,422 SF

      Elko Retail Space For Rent

      High-traffic shopping center unit off Idaho St, Elko, Nevada.
      1372 Idaho St, Elko, NV 89801
      View Details
    • Contact for pricing
      4,026 SF

      Elko Industrial Space For Rent

      Versatile industrial space with office and warehouse areas in Elko.
      118 2Nd St, Elko, NV 89801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Elko, NV 89801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!