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    1508 Las Vegas S Blvd Las Vegas, NV 89104-1314
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    Property profile & analytics

    1508 Las Vegas S Blvd, Las Vegas, NV 89104-1314

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    • Motels
    • 12,418 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US62-0255062
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tod Motor Motel / Hotel & Motel

    Property Details for 1508 Las Vegas S Blvd

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property type
    Motels
    APN
    162-03-210-063
    APU
    16203210063

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2023 — Tod Las Vegas 1 LLC — Deed · related $2M · Lvreis INC
    Nov 19, 2021 — Tod Las Vegas I LLC — Deed · related $300k · Lvreis INC
    Oct 20, 2020 — Tod Las Vegas 1 LLC — Deed · related $1.5M · Other Institutional Lenders
    Dec 10, 2019 — Tod Las Vegas I LLC Tod Las Vegas I LLC Quit Claim Deed · related $980k · 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 $720k · 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 $3.2M · 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 $1.5M · Other Institutional Lenders
    — — Todd Member LLC — Deed Of Trust · related $350k · Jerrold A Wish Pa 401 (k) Plan
    — — Todd Las Vegas LLC — Deed Of Trust · related $450k · Bianculli Joseph J Trust
    — — Tod Las Vegas LLC — Deed Of Trust · related $1M · Bianculli J J Trust (pt)

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,595,000
      6.5%
      $1,470,000
      7%
      $1,365,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.152
    Latitude
    36.1528
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,999
    $215,250
    $224,190
    $439,440
    -
    $615,000
    $640,543
    $1,255,543

    Comparable in this City

    • Value Estimation
      $1,300,000
      16,354 SF

      513 Park Paseo

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      513 Park Paseo, Las Vegas, NV 89104-1445
      View Details
    • Value Estimation
      $1,070,000
      14,536 SF

      2200 Las Vegas S Blvd

      MOTEL
      2200 Las Vegas S Blvd, Las Vegas, NV 89104-2527
      View Details
    • Value Estimation
      $595,000
      6,008 SF

      3075 Fremont St

      MOTEL
      3075 Fremont St, Las Vegas, NV 89104-2217
      View Details
    • Value Estimation
      $1,295,000
      12,208 SF

      1210 Las Vegas S Blvd

      MOTEL
      1210 Las Vegas S Blvd, Las Vegas, NV 89104-1313
      View Details
    • Value Estimation
      $1,380,000
      13,812 SF

      1300 Las Vegas S Blvd

      MOTEL
      1300 Las Vegas S Blvd, Las Vegas, NV 89104-1325
      View Details
    • Value Estimation
      $2,255,000
      31,476 SF

      2205 Las Vegas S Blvd

      MOTEL
      2205 Las Vegas S Blvd, Las Vegas, NV 89104-2532
      View Details

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      8,479 SF

      Las Vegas Nightclub Opportunity

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    Similar Nearby for Lease

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      Move-in Ready Sublease Office Space

      First floor office space available for sublease with flexible options.
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    • $3 SF/Yr

      Turn-Key Brewery with Patio

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    Las Vegas, NV 89104-1314
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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.

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