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White Pines Hotel 1301 Aultman St 29 Room Hotel Ely, NV 89301 $1,499,000 ($51,690/Room) 15.80% Cap Rate
INVESTMENT HIGHLIGHTS
- This motel is located at the center of the city, restaurants, casinos and park are walking distance from the motel. Manager on site. Low room rates.
EXECUTIVE SUMMARY
High-Cap Rate Investment Opportunity in Downtown Ely. The motel was remodeled in 2025, and all aspects have been upgraded and inspected by the city.
This well-maintained motel features 29 guest rooms, as well as a furnished one-bedroom apartment attached to the office for on-site management.
The property is all-electric, with every room equipped with a flat-screen TV, microwave, refrigerator, air conditioning, and heater. Guests enjoy amenities such as free Wi-Fi, HBO, and complimentary parking. Centrally located in downtown Ely, the motel is just steps away from casinos, restaurants, and other local attractions.
Prime Location:
Ely sits between Las Vegas and Salt Lake City and is near major copper and gold mines, creating a strong demand for lodging. Outdoor recreation opportunities abound, with Great Basin National Park, Cave Lake, fishing, and copper and gold mines.
Contact us today for more information!
This well-maintained motel features 29 guest rooms, as well as a furnished one-bedroom apartment attached to the office for on-site management.
The property is all-electric, with every room equipped with a flat-screen TV, microwave, refrigerator, air conditioning, and heater. Guests enjoy amenities such as free Wi-Fi, HBO, and complimentary parking. Centrally located in downtown Ely, the motel is just steps away from casinos, restaurants, and other local attractions.
Prime Location:
Ely sits between Las Vegas and Salt Lake City and is near major copper and gold mines, creating a strong demand for lodging. Outdoor recreation opportunities abound, with Great Basin National Park, Cave Lake, fishing, and copper and gold mines.
Contact us today for more information!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,499,000 | Lot Size | 0.53 AC |
| Price Per Room | $51,690 | Building Size | 8,316 SF |
| Sale Type | Investment | No. Rooms | 29 |
| Cap Rate | 15.80% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1974/2025 |
| Property Subtype | Hotel | Parking Ratio | 2.77/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | Hospitality - COMMERCIAL, Motel | ||
| Price | $1,499,000 |
| Price Per Room | $51,690 |
| Sale Type | Investment |
| Cap Rate | 15.80% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 8,316 SF |
| No. Rooms | 29 |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2025 |
| Parking Ratio | 2.77/1,000 SF |
| Corridor | Exterior |
| Zoning | Hospitality - COMMERCIAL, Motel |
AMENITIES
- Balcony
- Business Center
- High Speed Internet Access
- Patio
- Convention Hotel
- Public Access Wifi
- On-Site Security Staff
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 29 | $60.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 001-218-03 | Total Assessment | $108,638 (2025) |
| Land Assessment | $19,216 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $89,422 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
001-218-03
Land Assessment
$19,216 (2025)
Improvements Assessment
$89,422 (2025)
Total Assessment
$108,638 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Mark Moattar
White Pines Hotel | 1301 Aultman St
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