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Property profile & analytics
OFF-MARKET
Hotels
224 1st St Las Vegas, NV 89101
Individually Owned
Free & Clear
Property ID
US62-0356119
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Lot
0.41 ac (17,860 SF)
APN
139-34-111-004
UPID
US62-0356119
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brandie Wright
Brandie Wright
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,395
Tax year 2023
Assessed value
$466,409
Assessed 2024
Previous assessed
$446,800
+4.4% YoY
Effective rate
1.80%
On assessed value
Assessed land
$456,323
Assessed improvement
$10,086
Land market value
$1,303,780
Improvement market value
$28,817
Total market value
$1,332,597
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Lot
0.41 ac (17,860 SF)
APN
139-34-111-004
UPID
US62-0356119
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
1984
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Brandie Wright
Individual
Free & Clear · 0 yrs held
Mailing address
11035 LAVENDER HL DR STE #160, LAS VEGAS, NV 89135-2957
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Brandie Wright
Zoe P Allison Trust
Deed
related
—
Oct 28, 2025
—
Brandie Wright
Zoe P Allison Trust
Deed
related
—
Mar 4, 2025
—
Rebecca Peccole Shuirman
Rebecca Shuirman
Deed
related
—
May 16, 2023
—
Giovanna Piccoli Peters
Lena Ostunio
Intrafamily Transfer
related
—
Jan 24, 2023
—
Kathleen Miller
Kathleen Miller
Deed
related
—
Nov 28, 2022
—
Colin Miller
Kathleen Miller
Deed
related
—
Nov 22, 2022
—
Gary Miller
Kathleen Miller
Deed
related
—
Nov 9, 2022
—
Kathleen Miller
Kathleen Miller
Deed
related
—
Jun 15, 2022
—
Zoe P Allison
Zoe Allison
Intrafamily Transfer
related
—
Dec 3, 2019
—
Roncadelle LLC
Peccole R N & N A F/tr
Quit Claim Deed
related
—
Aug 21, 2015
—
William S Peccole
Wrp Living Trust
Grant Deed
related
—
Aug 29, 2013
—
Peccole,r N & N A Family Trust
Peccole,robert N & Nancy A
Quit Claim Deed
related
—
Jul 2, 2012
—
R N P JR Trust
R & Sp Family Trust
Grant Deed
related
—
Jul 20, 2009
—
R & Sp Family Trust
Peccole,robert N JR
Grant Deed
related
—
Nov 15, 2007
—
W R P Living Trust
Peccole,william P
Warranty Deed
related
—
Jul 1, 2004
—
California Hotel & Casino
—
Deed Of Trust
related
$1,850,000,000 · Bank Of America Trustee
Apr 9, 2001
$221,500
Robert N Peccole
Peccole,robert J
Quit Claim Deed
related
—
May 31, 1994
—
Zoe Allison
Piccoli Trust
Quit Claim Deed
related
—
Jan 28, 1994
—
Peccole Trust
Peccole Trust
Quit Claim Deed
related
—
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.
Try Rey
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