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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Motels
1636 Boulder Hwy Henderson, NV 89011-4122
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0055861
Property summary
AI-generated overview
This exceptional investment opportunity presents the Ingles Motel, a 27-unit property located at 1636 N Boulder Hwy, Henderson, NV 89011. Boasting 8,080 square feet on a 0.63-acre lot, this single-story motel underwent a complete renovation in 2021, featuring new paint, furniture, plumbing, electrical systems, doors, and windows. The property, built in 1954 and zoned for motel use, offers a compelling 11% capitalization rate with a Net Operating Income (NOI) of $467,500 and an asking price of $4,250,000 ($525.99/sq ft). The motel comprises a mix of one and two-bedroom units, generating income through daily and weekly rentals. An SBA appraisal valued the property at $4.6 million. The seller may consider financing options with a full-price offer, potentially carrying 5-10% of the purchase price. Financial details are available upon request. The motel benefits from a strong location within a growing neighborhood and enjoys low vacancy rates, making it an easily managed and highly profitable investment. This turnkey operation is ready for a new owner to continue its success.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,680 SF
Lot
0.63 ac (27,443 SF)
APN
178-01-312-009
UPID
US62-0055861
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
-
Ingles Motel Hotel & Motel
-
LibertyX Bitcoin ATM Currency Exchange Service Kiosk
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.75M
Owner & transaction history
The Original 1 LLC · 3 yrs held
The Original 1 LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.0M
+176.9%
Restaurant
$3.6M
+151.8%
Auto repair, garage
$2.5M
+77.5%
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
$2,540,000
ML approach
$2,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,970,000
Change: +177% · Conversion: Difficult
RESTAURANT
$3,610,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,545,000
Change: +77% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,500,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$1,775,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $3.00M (Aug 30 2022)
Last sale anchor
$3.00M
Aug 30 2022
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
$484 / 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
$6,740
Tax year 2023
Assessed value
$279,403
Assessed 2024
Previous assessed
$258,340
+8.2% YoY
Effective rate
2.41%
On assessed value
Assessed land
$113,400
Assessed improvement
$166,003
Land market value
$324,000
Improvement market value
$474,294
Total market value
$798,294
Applied tax rate
521.0000
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Units
27
Total area
5,680 SF
Lot
0.63 ac (27,443 SF)
APN
178-01-312-009
UPID
US62-0055861
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.0M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Units
27
Lot
0.63 ac
Current owner
From public records · entity-resolved
The Original 1 LLC
Entity
Mailing address
2705 KILDRUMMIE ST, HENDERSON, NV 89044-0235
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
—
The Original 1 LLC
—
Deed
related
$150,000 · Lexicon Bank
Feb 27, 2025
—
The Original 1 LLC
—
Deed
related
$150,000 · Lexicon Bank
Jan 8, 2025
—
The Original 1 LLC
—
Deed
related
$821,000 · Nevada State Development Corporation
Dec 16, 2024
—
The Original 1 LLC
—
Deed
related
$800,000 · Lexicon Bank
Aug 30, 2022
$3,000,000
The Original 1 LLC
Goldsail Global Group INC
Bargain And Sale Deed
$2,250,000 · Ramirez Zuniga Family LLC
Feb 14, 2020
$1,650,000
Goldsail Global Group INC
Rrrsb INC
Bargain And Sale Deed
$1,190,000 · Grand Pacific Financing Corporation
Feb 13, 2018
—
Rrrsb INC
—
Deed
related
$649,839 · Irving John Trust 2008 (pt)
Jan 23, 2012
$24,827
Rrrsb INC
Treasurer Of Clark County
Grant Deed
—
Jun 8, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 9, 2008
—
Rrrsb INC
Burkey Family Trust
Grant Deed
—
May 7, 2008
—
Richard H Burkey
Burkey Family Trust
Quit Claim Deed
$260,000 · Dave & Linda Wibiral
Oct 23, 2007
—
Rrrsb INC
Burkey Family Trust
Grant Deed
—
Apr 29, 2005
$1,050,000
Burkey Family Trust
Guo,haidong
Grant Deed
$500,000 · Haidong Guo
Aug 2, 2001
$221,000
Dale Engstrom
Engstrom Investment INC
Quit Claim Deed
related
—
Aug 2, 2001
$725,000
Haidong Guo
Engstrom,dale
Grant Deed
$580,000 · Bankwest Of Nevada
Apr 29, 1999
—
Engstrom Investment INC
Engstrom Trust
Quit Claim Deed
related
$215,000 · Southern Pacific Bank
—
—
Rrrsb INC
—
Deed Of Trust
related
$230,000 · Hans U Bothmann
—
—
Rrrsb INC
—
Deed Of Trust
related
$517,495 · Irving John Trust 2008 (pt)
—
—
Haidong Guo
—
Deed Of Trust
related
$227,000 · New Ventures Capital Dev Co
—
—
Rrrsb INC
—
Deed Of Trust
related
$649,839 · Irving John Trust 2008 (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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