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White Pines Hotel 1301 Aultman St 29 Room Hotel Ely, NV 89301 $2,181,705 CAD ($75,231 CAD/Room) 14.84% 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. Robinson Mine is located in White Pine County, eight miles from the City of Ely, Nevada.
The open-pit copper mine produces primarily Copper, Gold, Silver and Molybdenum. Ely will be a major Gold producer in the USA.
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. Robinson Mine is located in White Pine County, eight miles from the City of Ely, Nevada.
The open-pit copper mine produces primarily Copper, Gold, Silver and Molybdenum. Ely will be a major Gold producer in the USA.
Contact us today for more information!
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,181,705 CAD | Lot Size | 0.53 AC |
| Price Per Room | $75,231 CAD | Building Size | 8,316 SF |
| Sale Type | Investment | No. Rooms | 29 |
| Cap Rate | 14.84% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2025 |
| Property Subtype | Hotel | Parking Ratio | 2.77/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | Hospitality - COMMERCIAL, Motel | ||
| Price | $2,181,705 CAD |
| Price Per Room | $75,231 CAD |
| Sale Type | Investment |
| Cap Rate | 14.84% |
| 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 | 1986/2025 |
| 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 | $82.07 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 001-218-03 | Total Assessment | $148,599 CAD (2025) |
| Land Assessment | $26,284 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $122,315 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
001-218-03
Land Assessment
$26,284 CAD (2025)
Improvements Assessment
$122,315 CAD (2025)
Total Assessment
$148,599 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Mark Moattar
White Pines Hotel | 1301 Aultman St
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