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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Motels
1900 Las Vegas N Blvd North Las Vegas, NV 89030-6939
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0458939
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1936
Construction
FRAME
Total area
4,108 SF
Lot
0.27 ac (11,761 SF)
APN
139-23-311-007
UPID
US62-0458939
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
-
Knotty Pine Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Vegas Holding Company LLC · 1 yrs held
Vegas Holding Company LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+77.8%
Auto repair, garage
$1.7M
+62.0%
Office building
$1.3M
+28.1%
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$1,620,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,845,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,680,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$1,330,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,185,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.86M (Dec 3 2021)
Last sale anchor
$1.86M
Dec 3 2021
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
$394 / 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
$3,060
Tax year 2023
Assessed value
$107,296
Assessed 2024
Previous assessed
$95,878
+11.9% YoY
Effective rate
2.85%
On assessed value
Assessed land
$36,018
Assessed improvement
$71,278
Land market value
$102,909
Improvement market value
$203,651
Total market value
$306,560
Applied tax rate
253.0000
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
1936
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Units
20
Total area
4,108 SF
Lot
0.27 ac (11,761 SF)
APN
139-23-311-007
UPID
US62-0458939
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
1936
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Units
20
Lot
0.27 ac
Current owner
From public records · entity-resolved
Vegas Holding Company LLC
Entity
Mailing address
9101 ALTA DR UNIT #1003, LAS VEGAS, NV 89145-8539
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
Vegas Holding Company LLC
1873 N Las Vegas Blvd LLC
Deed
related
$5,500,000 · Lvreis INC
Apr 13, 2022
—
1900 N Las Vegas Blvd LLC
—
Deed
related
$1,500,000 · Lexicon Bank
Dec 3, 2021
$1,860,000
1900 N Las Blvd LLC
Plantation Acres LLC
Bargain And Sale Deed
—
Feb 21, 2020
—
Plantation Acres LLC
—
Deed
related
$260,000 · Other Institutional Lenders
Dec 14, 2018
$800,000
Plantation Acres LLC
Umeria P Separate Prop Trust
Grant Deed
$500,000 · Sackley Family Trust (pt)
Mar 21, 2014
—
Umeria,pradip Trust
Umeria L & K M 1991 Trust
Quit Claim Deed
related
—
—
—
Lallubhai Umeria
—
Deed Of Trust
related
$100,000 · Norwest Bank Nevada Fsb
—
—
Plantation Acres LLC
—
Deed Of Trust
related
$260,000 · Other Institutional Lenders
—
—
Plantation Acres LLC
—
Loan Modification
related
$700,000 · Sackley F/tr
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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