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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Motels
1508 Las Vegas S Blvd Las Vegas, NV 89104-1314
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0255062
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,418 SF
Lot
0.31 ac (13,504 SF)
APN
162-03-210-063
UPID
US62-0255062
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
-
Tod Motor Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Tod Las Vegas I LLC · 6 yrs held
Tod Las Vegas I LLC
since 2019
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$119 / 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
$10,999
Tax year 2023
Assessed value
$439,440
Assessed 2024
Previous assessed
$404,397
+8.7% YoY
Effective rate
2.50%
On assessed value
Assessed land
$215,250
Assessed improvement
$224,190
Land market value
$615,000
Improvement market value
$640,543
Total market value
$1,255,543
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
41
Total area
12,418 SF
Lot
0.31 ac (13,504 SF)
APN
162-03-210-063
UPID
US62-0255062
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
41
Lot
0.31 ac
Current owner
From public records · entity-resolved
Tod Las Vegas I LLC
Entity
Mailing address
700 N MAIN ST, LAS VEGAS, NV 89101-1914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2023
—
Tod Las Vegas 1 LLC
—
Deed
related
$2,000,000 · Lvreis INC
Nov 19, 2021
—
Tod Las Vegas I LLC
—
Deed
related
$300,000 · Lvreis INC
Oct 20, 2020
—
Tod Las Vegas 1 LLC
—
Deed
related
$1,500,000 · Other Institutional Lenders
Dec 10, 2019
—
Tod Las Vegas I LLC
Tod Las Vegas I LLC
Quit Claim Deed
related
$980,000 · Other Institutional Lenders
Jun 20, 2019
—
City Of Las Vegas
Tod Las Vegas 1 LLC
Grant Deed
related
—
Oct 18, 2018
—
Tod Las Vegas 1 LLC
Tod Las Vegas LLC
Quit Claim Deed
related
$720,000 · Other Institutional Lenders
Sep 13, 2016
$30,578
Boulevard Inn LLC
Sheriff Of Clark County|custom Security Guard & Pa
Trustees Deed
—
Jun 21, 2016
$86,055
Tod Las Vegas LLC
Tax Receiver Of Clark County
Tax Deed
—
Dec 7, 2012
—
Tod Las Vegas LLC
—
Deed Of Trust
related
$3,200,000 · Sackley Family Trust
Oct 15, 2012
—
Tod Las Vegas LLC
Sackley Family Trust
Quit Claim Deed
related
—
Oct 11, 2012
$2,100,000
Sackley Family Trust
Lv Blvd Casino Ctr Ff370 LLC
Grant Deed
related
—
Aug 9, 2011
$6,750
Sackley Family Trust
Shapiro Brian D
Grant Deed
—
Jul 1, 2011
$23,500
Sackley Family Trust
Denaro,frank V
Grant Deed
—
Jun 24, 2011
$671,140
Sackley Family Trust
Colucci,melina
Grant Deed
—
Jun 8, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Apr 18, 2011
—
Lv Blvd Casino Ctr Ff370 LLC
Beck-hays Family Trust
Quit Claim Deed
related
—
Oct 12, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 14, 2005
$5,000,000
Todd Owner LLC
Fernmar 031 032 033 LLC
Grant Deed
—
Jun 1, 2005
—
Fernmar 31 32 33 LLC
Calcaterra Family Trust
Grant Deed
—
—
—
Tod Las Vegas 1 LLC
—
Deed Of Trust
related
$1,500,000 · Other Institutional Lenders
—
—
Todd Member LLC
—
Deed Of Trust
related
$350,000 · Jerrold A Wish Pa 401 (k) Plan
—
—
Todd Las Vegas LLC
—
Deed Of Trust
related
$450,000 · Bianculli Joseph J Trust
—
—
Tod Las Vegas LLC
—
Deed Of Trust
related
$1,000,000 · Bianculli J J Trust (pt)
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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