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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Motels
117 9th St Las Vegas, NV 89101-4225
Entity Owned
13-yr Hold
Free & Clear
Property ID
US62-0594709
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,902 SF
Lot
0.32 ac (13,939 SF)
APN
139-34-612-052
UPID
US62-0594709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dragon Motel Hotel & Motel
-
$49 Drain Cleaning & Handyman Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$725k
Owner & transaction history
117 9th Street LLC · 13 yrs held
117 9th Street LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,676
Tax year 2023
Assessed value
$476,350
Assessed 2024
Previous assessed
$454,906
+4.7% YoY
Effective rate
2.24%
On assessed value
Assessed land
$338,800
Assessed improvement
$137,550
Land market value
$968,000
Improvement market value
$393,000
Total market value
$1,361,000
Applied tax rate
203.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
2
Units
126
Total area
7,902 SF
Lot
0.32 ac (13,939 SF)
APN
139-34-612-052
UPID
US62-0594709
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
2
Units
126
Lot
0.32 ac
Current owner
From public records · entity-resolved
117 9th Street LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 7516, LAS VEGAS, NV 89125-7309
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2013
$2,700,000
117 9th Street LLC
Las Vegas Dragon Hotel LLC
Grant Deed
—
Jan 2, 2009
—
Las Vegas Dragon Hotel LLC
Adolfo
Grant Deed
$2,000,000 · Imperial Capital Bank
Sep 15, 2004
$1,550,000
Steven Karp
Ninth Street Hotel INC
Quit Claim Deed
$559,700 · Steven Karp
Feb 27, 1990
$500,000
Ninth Street Hotel INC
Unknown
Grant Deed
—
—
—
Adolfo Orozco
—
Deed Of Trust
related
$1,170,946 · Denise Karp
—
—
Adolfo Orozco
—
Deed Of Trust
related
$150,000 · Howard Henkin
—
—
Ninth Street Hotel INC
—
Deed Of Trust
related
$75,000 · Consotrium Tours Of Nevada INC
—
—
Ninth Street Hotel INC
—
Deed Of Trust
related
$593,969 · Brown Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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