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Property profile & analytics
FOR SALE
Motels
2852 E Craig Rd North Las Vegas, NV 89030
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-1303485
For Sale
1 / 25
Contact for pricing
2852 E Craig Rd, North Las Vegas, NV 89030
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Construction
FRAME
Total area
52,060 SF
Lot
2.1 ac (91,476 SF)
APN
139-01-211-002
UPID
US62-1303485
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
-
Hampton Inn Las Vegas/North Speedway Hotel & Motel
-
Shell Recharge Charging Station Electric Vehicle Charging Station
-
EV Connect Charging Station Electric Vehicle Charging Station
-
Luxor Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.79M
Owner & transaction history
Owner Name Unavailable · 18 yrs held
Owner Name Unavailable
since 2007
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±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
$53 / 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
$86,815
Tax year 2023
Assessed value
$2,972,958
Assessed 2024
Previous assessed
$2,636,911
+12.7% YoY
Effective rate
2.92%
On assessed value
Assessed land
$358,586
Assessed improvement
$2,614,372
Land market value
$1,024,531
Improvement market value
$7,469,634
Total market value
$8,494,165
Applied tax rate
250.0000
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
For Sale
Year built
2008
Construction
FRAME
Heating
HEAT PUMP
Stories
4
Units
96
Total area
52,060 SF
Lot
2.1 ac (91,476 SF)
APN
139-01-211-002
UPID
US62-1303485
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
2008
Construction
FRAME
Heating
HEAT PUMP
Stories
4
Units
96
Lot
2.1 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 18 yrs held
Mailing address
6675 S CIMARRON RD STE #100, LAS VEGAS, NV 89113-2321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Aug 23, 2019
—
Craig Properties LLC
—
Deed
related
$8,700,000 · Wells Fargo Bk
Oct 4, 2018
—
Craig Properties LLC
—
Deed
related
$9,000,000 · Wells Fargo Bk
Sep 28, 2007
—
Craig Properties LLC
—
Trustees Deed
related
$1,760,000 · California National Bank
Sep 19, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 30, 2007
$1,234,650
Craig Pad Partners LLC
Craig Properties LLC
Bargain And Sale Deed
$925,988 · Community Bank Of Nevada
Dec 19, 2006
—
City Of North Las Vegas
Craig Properties LLC
Grant Deed
related
—
Nov 30, 2005
$4,400,000
Craig Properties LLC
Craig Crossing LLC
Bargain And Sale Deed
$3,300,000 · Community Bank Of Nevada
—
—
Craig Properties LLC
—
Deed Of Trust
related
$7,500,000 · Wells Fargo Bk
—
—
Craig Properties LLC
—
Loan Modification
related
$8,700,000 · Wells Fargo Bk
—
—
Craig Properties LLC
—
Deed Of Trust
related
$9,476,000 · Us Bank NA
—
—
Craig Properties LLC
—
Deed Of Trust
related
$7,000,000 · Pacific Trust Bank
—
—
Craig Properties LLC
—
Loan Modification
related
$9,000,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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