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Property profile & analytics
OFF-MARKET
Estimated value
$45,645,000
Hotels
160 Flamingo Rd Las Vegas, NV 89109-4574
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-0170829
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
448,609 SF
Lot
6.78 ac (295,337 SF)
APN
162-16-410-056
UPID
US62-0170829
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
-
Sam's Crispy Chicken Take-out & Catering Restaurant
-
Maxim Lounge Bar & Pub
-
The Westin Las Vegas Hotel & Spa Hotel & Motel
-
Alta Ham Fine Arts University
-
Encore IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$53.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$45.65M
Owner & transaction history
Hci-cerberus 160 E Flamingo Ho · 7 yrs held
Hci-cerberus 160 E Flamingo Ho
since 2018
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%
$57,535,000
6.5%
$53,110,000
7%
$49,315,000
Blend value · Realmo final
$45.65M
Range $41.08M – $50.21M · ±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
$102 / 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
$983,655
Tax year 2023
Assessed value
$36,885,174
Assessed 2024
Previous assessed
$33,539,682
+10.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$12,371,076
Assessed improvement
$24,514,098
Land market value
$35,345,931
Improvement market value
$70,040,280
Total market value
$105,386,211
Applied tax rate
470.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
4
Stories
14
Units
826
Total area
448,609 SF
Lot
6.78 ac (295,337 SF)
APN
162-16-410-056
UPID
US62-0170829
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
14
Buildings
4
Units
826
Lot
6.78 ac
Current owner
From public records · entity-resolved
Hci-cerberus 160 E Flamingo Ho
Individual
Mailing address
H C I-CERBERUS 160TH E FLAMINGO HOTEL O 1ST I-CERBERUS #160, LAS VEGAS, NV 89109
Ownership since
2018
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
Sep 6, 2018
$195,500,000
Hci-cerberus 160 E Flamingo Ho
Cf Living Hotel LLC
Trustees Deed
$258,975,000 · Husky Finco LLC
Jan 13, 2016
$66,530,000
Cf Lv Hotel LLC
First American Title Insu|cp Las Vegas LLC
Trustees Deed
$82,690,100 · Bank Of The Ozarks
Aug 30, 2002
$38,000,000
Cp Las Vegas LLC
Revanche LLC
Grant Deed
$40,000,000 · Us Bank NA
May 2, 2002
$675,000
Revanche LLC
Nevada State
Quit Claim Deed
related
—
Jun 1, 2000
$10,000,000
Revanche LLC
Premier Interval Resorts INC
Trustees Deed
—
May 17, 1999
$36,824,000
Premier Interval Resorts INC
West Coast Mortgage INC
Grant Deed
$42,000,000 · Meralex Ltd
Apr 29, 1998
$14,250,000
West Coast Mortgage LP
Baby Grand Corp
Trustees Deed
related
—
—
—
Revanche LLC
—
Deed Of Trust
related
$2,693,000 · Northstar Partnership LP
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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