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Lovelock Nugget Motel 515 Cornell Ave 17 Room Hotel Lovelock, NV 89419 $1,200,000 ($70,588/Room) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location In Lovelock
- Seller has been cleaning up the properties
- Properties have been recently renovated
- New capital improvements: new roofs, windows, etc...
EXECUTIVE SUMMARY
RE/MAX Commercial is pleased to present the Lovelock Nugget Motel. A recently renovated 17 room motel. Occupancy is increasing as mining activity picks up. Recent property upgrades including new roof and exterior paint. Proforma Cap Rate 6.25%
The Brookwood Motel (9 rooms) and RV Park (41 Spaces) is also available for sale with the Lovelock Inn that has 37 rooms. The Lovelock Inn also has a restaurant that could be opened or leased out. RE/MAX Commercial is pleased to present
Portfolio Sale In Lovelock:
- 55 Cornell ave, $2,500,000
- 205 Cornell, $1,800,000
- 515 Cornell , $1,200,000 (vacant and under renovation)
The Brookwood Motel (9 rooms) and RV Park (41 Spaces) is also available for sale with the Lovelock Inn that has 37 rooms. The Lovelock Inn also has a restaurant that could be opened or leased out. RE/MAX Commercial is pleased to present
Portfolio Sale In Lovelock:
- 55 Cornell ave, $2,500,000
- 205 Cornell, $1,800,000
- 515 Cornell , $1,200,000 (vacant and under renovation)
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,200,000 | Lot Size | 0.52 AC |
| Price Per Room | $70,588 | Building Size | 5,448 SF |
| Sale Type | Investment | No. Rooms | 17 |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1946 |
| Property Subtype | Hotel | Parking Ratio | 3.3/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C - Hotel Use | ||
| Price | $1,200,000 |
| Price Per Room | $70,588 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 5,448 SF |
| No. Rooms | 17 |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 3.3/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Hotel Use |
AMENITIES
- Convention Hotel
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 17 | $57.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 001-121-04 | Improvements Assessment | $39,704 |
| Land Assessment | $14,270 | Total Assessment | $53,974 |
PROPERTY TAXES
Parcel Number
001-121-04
Land Assessment
$14,270
Improvements Assessment
$39,704
Total Assessment
$53,974
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Lovelock Nugget Motel | 515 Cornell Ave
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