Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4381 Flamingo Rd Las Vegas, NV 89103

    View on Map
    Sponsored
    For Sale
    $249,500

    High Rise - Las Vegas, NV

    Property size:
    615 SF
    Days on Market:
    32
    Last Refresh:
    Mar 31 at 7:06 am

    Property Features for 4381 Flamingo Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Kitchen, Living Room
    Bathrooms
    1
    APN
    162-19-511-558
    Parking features
    Guest, Open, Valet
    Interior features
    None
    Exterior features
    None, Community Pool
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Refrigerator, Washer
    Size
    615 SF

    Taxes and HOA fees

    Expense value
    779
    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
    Tanasha Pettigrew

    Simply Vegas

    Listing agent Tanasha Pettigrew License #BS.0143931

    Listing date Feb 27, 2026

    MLS# 2732013 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

    Las Vegas Resort & Spa

    This property is located 1.2 miles from the Las Vegas Strip. It is situated within the AAA Four Diamond Palm Place Resort & Spa. The unit is fully furnished with a king bed and sleeper sofa. It also features two TVs, a rainfall shower, a jetted tub, and a kitchen equipped with stainless steel appliances. The resort provides amenities such as a spa, a residence pool separate from the hotel pool, dining options, a fitness center separate from the hotel gym, valet parking, and an onsite bar. Convenient indoor access is available to the movie theatre and nightlife at Palm Casino. The property is suitable for both living and investment purposes. The unit has a size of 615 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    StripViewSuites at Palms Place Hotel & Motel Palms Place Hotel ... Hotel & Motel Laguna Pool Swimming Pool DigiKai Marketing & Advertising Marketing & Advertising Palms Place Hotel Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.198702
    Latitude
    36.11414

    Nearby Similar for Sale

    • $575,000
      1,882 SF

      Downtown Las Vegas Live/Work Unit

      Commercial storefront with attached condominium in downtown Las Vegas.
      353 E Bonneville Ave, Las Vegas, NV 89101
      View Details
    • $480,000
      1,590 SF

      Pristine Loft in Soho Hi-Rise

      Well-maintained Las Vegas loft with custom features and terrace.
      900 Las Vegas Blvd, Las Vegas, NV 89101
      View Details
    • $435,000
      0.06 Acres

      Resort-Style Living in Las Vegas

      Move-in-ready property with outdoor living and resort-style amenities.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • $375,000
      1,295 SF

      Luxury High-Rise with Strip Views

      Desirable corner residence with dual suites and private patio.
      200 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • New
      $3,499,000
      4,826 SF

      Las Vegas Penthouse with Strip Views

      Custom penthouse loft with panoramic views and flexible living spaces.
      4471 Dean Martin Dr, Las Vegas, NV 89103
      View Details
    • New
      $795,000
      2,494 SF

      Renovated High-Rise Corner Unit

      Modern Las Vegas corner unit with strip and Red Rocks views.
      4575 Dean Martin Dr, Las Vegas, NV 89103
      View Details
    • $365,000
      0.06 Acres

      Entertainer's Dream Las Vegas Land

      Luxury Las Vegas land tailored for entertaining and relaxation.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • New
      $330,000
      520 SF

      Las Vegas High-Rise Studio

      Fully furnished, turnkey studio with Strip views and income potential.
      135 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • $751,888
      548 SF

      Vdara High-Rise Condo in Las Vegas

      Spacious condo with kitchenette in a prime Las Vegas location.
      2600 W Harmon Ave, Las Vegas, NV 89158
      View Details
    • $309,999
      520 SF

      Las Vegas Studio with Strip Views

      Furnished studio with pool and Strip views, income potential.
      135 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • New
      $339,000
      874 SF

      Luxury High-Rise on Las Vegas Strip

      Fully furnished high-rise unit with Strip, F1 track views.
      145 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • New
      $314,500
      520 SF

      Strip Facing High-Rise Studio

      Furnished studio with Strip views and access to MGM amenities.
      125 E Harmon Ave, Las Vegas, NV 89109
      View Details

    FAQs

    What type of property is this?
    Resort - Furnished resort condo near the Las Vegas Strip.
    Where is this resort located?
    The property is located at 4381 Flamingo Rd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $249,500.
    What are key features of this property?
    This property features: - AAA Four Diamond Resort & Spa with World Class Amenities; - Fully Furnished with King Bed, Sleeper Sofa, and Stainless Steel Kitchen; - Residence Pool Separate from Hotel Pool
    (917) 805-7319
    Request Owner's contact information
    4381 Flamingo Rd Las Vegas, NV 89103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4381 Flamingo Rd
    Las Vegas, NV 89103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4381 Flamingo Rd Las Vegas, NV 89103
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tanasha Pettigrew
    Real Estate License ID: BS.0143931
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!