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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Motels
1735 Athol Ave Henderson, NV 89011-4007
Entity Owned
~
Est. High Equity
Property ID
US62-0403837
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1938
Construction
FRAME
Total area
2,868 SF
Lot
0.88 ac (38,333 SF)
APN
178-01-301-012
UPID
US62-0403837
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
-
LEGACY DEMOLITION Construction Company General Contractor
-
The Shady Rest Vacation Rental
-
Naughty Tee's & Gifts Galore L.L.C. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
The City Of Henderson
The City Of Henderson
since 2025
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$790,000
+9.0%
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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$395,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$725,000
Current use
RETAIL STORES
$790,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $510k (Mar 25 2024)
Last sale anchor
$510k
Mar 25 2024
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
$178 / 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
$3,468
Tax year 2023
Assessed value
$206,036
Assessed 2024
Previous assessed
$200,573
+2.7% YoY
Effective rate
1.68%
On assessed value
Assessed land
$160,999
Assessed improvement
$45,037
Land market value
$459,997
Improvement market value
$128,677
Total market value
$588,674
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
1938
Construction
FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Units
6
Rooms
4
Bathrooms
0
Total area
2,868 SF
Lot
0.88 ac (38,333 SF)
APN
178-01-301-012
UPID
US62-0403837
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
HOTEL/MOTEL Current
Est. value
$725,000
RETAIL STORES
Est. value
$790,000
HOTEL/MOTEL Current
RETAIL STORES
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
1938
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Rooms
4
Bathrooms
0
Lot
0.88 ac
Current owner
From public records · entity-resolved
The City Of Henderson
Entity
Mailing address
5870 CONSTRUCTION AVE, LAS VEGAS, NV 89122-7332
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
—
Blue Marlin Nv Management LLC
—
Deed
related
$1,500,000 · Blue Marlin Nv Trust
Jul 21, 2025
—
The City Of Henderson
Blue Marlin Nv Management LLC
Bargain & Sale Deed
—
Mar 25, 2024
$510,000
Blue Marlin Nv Management LLC
Hoon Lee Kang
Bargain And Sale Deed
—
Sep 9, 2019
$1,350,000
Hoon Lee Kang
Mws Ventures LLC
Bargain And Sale Deed
$800,000 · Us Metro Bank
Sep 9, 2019
—
Michael W Sunderland
Phillips-sunderlan,julie A
Quit Claim Deed
related
—
Oct 2, 2008
—
Michael W Sunderland
Sunderland,wanda
Quit Claim Deed
related
—
—
—
Mws Ventures LLC
—
Deed Of Trust
related
$350,000 · Wanda G Sunderland
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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