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    29 Montelago Blvd Henderson, NV 89011

    Sponsored
    For Sale
    $199,000

    High Rise - Henderson, NV

    Property size:
    476 SF
    Days on Market:
    6
    Last Refresh:
    Mar 3 at 1:06 am

    Property Features for 29 Montelago Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Great Room, Kitchen
    Bathrooms
    1
    APN
    160-22-317-079
    Parking features
    Guest, Open
    Interior features
    Window Treatments
    Exterior features
    None, Community Pool
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Microwave, Refrigerator, Washer
    Size
    476 SF

    Taxes and HOA fees

    Expense value
    153
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2006
    Architectural style
    High Rise

    We can help!

    Listing Contact
    Reba St Clair
    Reba St Clair

    Douglas Elliman Real Estate (702) 616-1910

    Listing agent Reba St Clair (702) 616-1910 License #BS.0144475

    Listing date Feb 26, 2026

    MLS# 2759631 Listing URL

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Furnished Studio with Lake Views

    This fully furnished studio is located in the Luna building at Montelago Village, offering lake views and direct access to Lake Las Vegas. The property is situated steps from the Marina, waterfront dining, and boutique shops, with the Westin and Hilton resorts nearby. Golf courses, bike trails, trailhead parks, and Lake Mead National Recreation Area are also in close proximity. The unit features high ceilings, a partial lake view, a king bed, a sleeper sofa, and a private patio with table and chairs. The kitchenette includes a convection/microwave/steam oven combo, induction cooktop, compact refrigerator, and coffee maker. Essentials are provided. Additional amenities include high-speed internet, satellite TV, flat screens, a fitness center, pool, large jacuzzi, shared laundry, and secured underground parking. The property benefits from solid concrete construction, and utilities are included. The studio is located in Henderson, Nevada.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Luna East Two-Bedroom ... Vacation Rental Luna Di Lusso ... Condominium Complex Lake Las Vegas ... Vacation Rental Psychic Voices Spiritual Center

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Department Store Skin Care Clinic Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Village at Lake Las Vegas, Lake At Las Vegas Joint, The Ritz-Carlton Lake Las Vegas, Hilton Lake Las Vegas Resort & Spa, Lake Las Vegas Luxury Unit

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.931193
    Latitude
    36.104693

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    FAQs

    What type of property is this?
    Motel - Furnished studio near Lake Las Vegas with amenities included.
    Where is this motel located?
    The property is located at 29 Montelago Blvd Henderson, NV.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Direct access to Lake Las Vegas Marina, waterfront dining, and boutique shops.; - Fully furnished studio with partial lake view and private patio.; - Utilities included in the price.
    (702) 539-0835
    Request Owner's contact information
    29 Montelago Blvd Henderson, NV 89011
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    Henderson, NV 89011
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29 Montelago Blvd Henderson, NV 89011
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    We can help!
    Listing Contact
    Reba St Clair
    Reba St Clair
    Real Estate License ID: BS.0144475
    (702) 539-0835 (702) 558-3664 (702) 616-1910
    Learn more
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