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Stay Express Inn - 1349 Idaho St. 1349 Idaho St 63 Room Hotel Elko, NV 89801 $3,000,000 ($47,619/Room) 9.71% Cap Rate
INVESTMENT HIGHLIGHTS
- This 63-key, fully renovated hospitality asset, currently operating as Stay Express Inn
- The efficient 25,593 SF layout across two buildings maximizes operational flow and land use.
- This compelling investment is offered at $3,000,000, implying a valuation well below the submarket’s average of $93,000 per key.
EXECUTIVE SUMMARY
The property is a 63-key, two-story, independent hospitality asset currently operating as Stay Express Inn / Budget Inn. Built in 1945 and extensively renovated in 2024, the motel consists of 25,593 SF situated on 0.90 acres (APN: 001-292-001). The asset offers surface parking, highly functional room layouts, and an efficient two-building footprint. Positioned along Elko’s primary corridor—Idaho Street—the property benefits from strong visibility, steady mining-driven demand, and close proximity to the airport, downtown, and regional event venues.
PROPERTY FACTS
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 8 | $85.00 | - |
| Guest Room | 55 | $40.00 | - |
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PROPERTY TAXES
| Parcel Number | 001-292-001 | Improvements Assessment | $290,085 |
| Land Assessment | $193,354 | Total Assessment | $483,439 |
PROPERTY TAXES
Parcel Number
001-292-001
Land Assessment
$193,354
Improvements Assessment
$290,085
Total Assessment
$483,439
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Stay Express Inn - 1349 Idaho St. | 1349 Idaho St
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