1561 6thWells, NV 89835

  • Motels
  • 9,196 SF
Off market
$20,037,600 Estimated

Property Details for 1561 6th

Year built
1980
Lot size
2.00 AC
Property size (Sq ft)
9,196 SF
Zone code
TC
Property type
Motels
APN
002-760-026
APU
2760026

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,971,110
    6.5%
    $1,819,480
    7%
    $1,689,520
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,566,060
    Geo Method
    $1,566,060
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $4,736,500
    Retail / Commercial
    $2,447,640
    Mixed-Use / Specialty
    $2,453,710
    Office
    $2,454,550
    Institutional / Educational
    $2,556,160
    Residential Income
    $2,990,710
    Multifamily
    $3,504,840
    Automotive / Energy
    $2,191,000
    Parking / Income-Based Land
    $741,463
    Restaurant / Food Service
    $1,307,780
    Healthcare / Senior Housing
    $2,501,060

Location Insight

City
Wells
County
Elko
State
Nevada
Latitude
41.1015
Longitude
-114.953
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
$20,688
$31,422
$551,416
$582,838
-
$89,777
$1,575,474
$1,665,251

FAQs

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