1349 Idaho StElko, NV 89801

Property Details for 1349 Idaho St

Year built

1945

Lot size

1.00 AC

Property size (Sq ft)

21,144 SF

Zone code

ZC

Property type

Motels

APN

001-292-001

APU

1292001

Description

The Stay Express Inn, a thriving hospitality business located at 1349 Idaho St, Elko, NV 89801, is offered for sale at $1,800,000. This established hotel boasts 63 keys spread across two, two-story buildings, totaling 25,593 square feet on a 0.9-acre lot (APN: 001-292-001). Built in 1961 and extensively renovated in 2024, the property presents a turnkey opportunity for investors. Its prime location, just two miles from Elko Regional Airport, ensures convenient access for both business and leisure travelers. The hotel's strategic positioning within Elko County capitalizes on the consistent influx of visitors drawn to the region's robust mining industry and diverse outdoor recreational activities. This presents a significant opportunity for growth within a dynamic and thriving market. The property's recent renovation ensures modern amenities and updated facilities, minimizing immediate capital expenditure needs. This well-maintained hotel offers a strong foundation for continued success and substantial return on investment. The property's size and location make it an attractive option for both experienced hospitality operators and new investors seeking a profitable venture in a growing Nevada market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,331,336

  6.5%

  $3,998,156

  7%

  $3,712,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,378,147

  Geo Method

  $11,378,147

• Alternative Use

  Use

  Valuation

  Residential

  $4,364,825

  Hospitality

  $3,998,156

  Educational

  $3,326,419

  Medical

  $3,440,820

  Retail

  $5,174,430

Location Insight

City

Elko

County

Elko

State

Nevada

Latitude

40.8395

Longitude

-115.756

CBSA code

21220

CBSA name

ELKO, NV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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