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Property profile & analytics
OFF-MARKET
Estimated value
$22,645,000
Motels
195 Tropicana Ave Las Vegas, NV 89109-7324
Entity Owned
~
Est. High Equity
Property ID
US62-0359582
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
FRAME
Total area
80,336 SF
Lot
5.08 ac (221,285 SF)
APN
162-28-102-004
UPID
US62-0359582
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
-
The Market Grocery & Convenience Store Food Market
-
Motel 6 Las Vegas, NV - Tropicana Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.38M
Blend (final)
Blend
$22.65M
Owner & transaction history
Tropicana Hotel LLC
Tropicana Hotel LLC
since 2026
Last sale
$31.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$34.9M
+62.8%
Retail stores
$30.0M
+40.2%
Office building
$24.3M
+13.6%
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
$30,675,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$21,425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$34,875,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$30,035,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$24,330,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$22.65M
Range $20.38M – $24.91M · ±10% · vs last sale $31.50M (Apr 5 2022)
Last sale anchor
$31.50M
Apr 5 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
$282 / 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
$113,318
Tax year 2023
Assessed value
$7,029,388
Assessed 2024
Previous assessed
$6,565,067
+7.1% YoY
Effective rate
1.61%
On assessed value
Assessed land
$5,938,800
Assessed improvement
$1,090,588
Land market value
$16,968,000
Improvement market value
$3,115,966
Total market value
$20,083,966
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
HEAT PUMP
Buildings
3
Stories
2
Units
303
Total area
80,336 SF
Lot
5.08 ac (221,285 SF)
APN
162-28-102-004
UPID
US62-0359582
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
$21.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.9M
RETAIL STORES
Est. value
$30.0M
OFFICE BUILDING
Est. value
$24.3M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1972
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
3
Units
303
Lot
5.08 ac
Current owner
From public records · entity-resolved
Tropicana Hotel LLC
Entity
Mailing address
8762 PRESTON TRCE BLVD, FRISCO, TX 75033-3009
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Tropicana Hotel LLC
—
Deed
related
—
Mar 31, 2026
$31,500,000
Tropicana Hotel LLC
D Koval LLC
Bargain & Sale Deed
$31,250,765 · Community Banks Of Colorado
Apr 17, 2024
—
D Koval LLC
—
Deed
related
$228,267 · Newcrestlmage Capital Holdings LLC
Apr 17, 2023
—
D Koval LLC
—
Deed
related
$22,750,000 · Barclays Capital Real Estate INC
Apr 5, 2022
$31,500,000
D Koval LLC
G6 Hospitality Property LLC
Special Warranty Deed
$43,500,000 · Stabilis Jv Lending LLC
Sep 14, 2021
—
G6 Hospitality Property LLC
—
Deed
related
$685,000,000 · Jpmorgan Chase Bank NA
Sep 18, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,075,000,000 · Jp Morgan Chase Bk
Aug 7, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Nov 16, 2012
$13,625,795
G6 Hospitality Property LLC
Motel 6 Operating LP
Grant Deed
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · German Am Cap
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$2,010,000,000 · Jp Morgan Chase Bk
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,075,000,000 · Jp Morgan Chase Bk
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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