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Property profile & analytics
OFF-MARKET
Estimated value
$5,680,000
Motels
2000 Paradise Rd Las Vegas, NV 89104-2511
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0824332
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Construction
FRAME
Total area
51,690 SF
Lot
1.66 ac (72,310 SF)
APN
162-03-411-012
UPID
US62-0824332
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
-
Siegel Suites Paradise Indoor Lodging Apartment Building
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.68M
Owner & transaction history
Paradise Suites LLC · 21 yrs held
Paradise Suites LLC
since 2005
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%
$6,630,000
6.5%
$6,120,000
7%
$5,680,000
Blend value · Realmo final
$5.68M
Range $5.11M – $6.25M · ±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
$110 / 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
$52,553
Tax year 2023
Assessed value
$1,796,834
Assessed 2024
Previous assessed
$1,603,017
+12.1% YoY
Effective rate
2.92%
On assessed value
Assessed land
$581,175
Assessed improvement
$1,215,659
Land market value
$1,660,500
Improvement market value
$3,473,311
Total market value
$5,133,811
Applied tax rate
203.0000
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
1987
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Units
123
Total area
51,690 SF
Lot
1.66 ac (72,310 SF)
APN
162-03-411-012
UPID
US62-0824332
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
1987
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Units
123
Lot
1.66 ac
Current owner
From public records · entity-resolved
Paradise Suites LLC
Entity
Mailing address
3790 PARADISE RD STE #250, LAS VEGAS, NV 89169-4640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Dec 30, 2021
—
Paradise Lv Holdings LLC
—
Deed
related
$3,600,000 · Western Alliance Bank
Jul 17, 2017
—
Paradise Lv Holdings LLC
—
Deed
related
$3,059,603 · Western Alliance Bk
Jun 10, 2013
—
Paradise Lv Holdings LLC
—
Deed Of Trust
related
$3,110,000 · Bank Of Nevada
Jun 21, 2005
$5,500,000
Paradise Suites LLC
Bre Esa Properties LLC
Grant Deed
$4,400,000 · First Regional Bank
May 28, 2004
—
Bre Esa Properties LLC
Esa 0858 INC
Quit Claim Deed
related
$2,050,000 · Mers Trustee
Jul 9, 1996
$5,400,000
Esa 0858 INC
St Louis Manor INC
Grant Deed
—
May 3, 1991
$260,000
Michael J Mona JR.
Unknown
Grant Deed
—
—
—
Paradise Lv Holdings LLC
—
Loan Modification
related
$3,059,603 · Western Alliance Bk
—
—
Paradise Suites LLC
—
Deed Of Trust
related
$7,000,000 · Farmers Insurance Group FCU
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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