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Property profile & analytics
OFF-MARKET
Estimated value
$20,985,000
Hotels
2989 Paradise Rd Las Vegas, NV 89109-1220
Entity Owned
~
Est. High Equity
Property ID
US62-0050613
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Construction
FRAME
Total area
209,023 SF
Lot
1.69 ac (73,616 SF)
APN
162-09-703-020
UPID
US62-0050613
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
-
SpringHill Suites Las Vegas Convention Center Hotel & Motel
-
Espringfield Suites Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
SP+ Parking Parking Lot & Garage
-
Flamingo Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.99M
Owner & transaction history
Apple Hospitality Las Vegas 47-48 LLC
Apple Hospitality Las Vegas 47-48 LLC
since 2026
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%
$26,805,000
6.5%
$24,745,000
7%
$22,980,000
Blend value · Realmo final
$20.99M
Range $18.89M – $23.08M · ±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
$100 / 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
$337,141
Tax year 2023
Assessed value
$16,795,903
Assessed 2024
Previous assessed
$14,973,878
+12.2% YoY
Effective rate
2.01%
On assessed value
Assessed land
$2,511,600
Assessed improvement
$14,284,303
Land market value
$7,176,000
Improvement market value
$40,812,294
Total market value
$47,988,294
Applied tax rate
410.0000
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
2009
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
17
Units
299
Total area
209,023 SF
Lot
1.69 ac (73,616 SF)
APN
162-09-703-020
UPID
US62-0050613
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
2009
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
17
Buildings
2
Units
299
Lot
1.69 ac
Current owner
From public records · entity-resolved
Apple Hospitality Las Vegas 47-48 LLC
Entity
Mailing address
2989 PARADISE RD, LAS VEGAS, NV 89109-1220
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
May 8, 2026
—
Apple Hospitality Las Vegas 47-48 LLC
Apple Hospitality Las Vegas 7145 LLC
Quitclaim Deed
related
$104,099,869 · Old National Bank
Apr 23, 2026
—
Apple Hospitality Las Vegas 7145 LLC
Apple Hospitality Las Vegas 7145 LLC
Quitclaim Deed
related
—
Sep 23, 2020
—
Gvi Shlv Owner LLC
—
Deed
related
$26,000,000 · Bank Of America
Jul 19, 2017
$50,540,000
Gvi Shlv Owner LLC
Wmb X LLC
Trustees Deed
$30,500,000 · Bank Of America
Aug 1, 2016
—
Wmb X LLC
—
Deed
related
—
Aug 13, 2007
—
Wmb X LLC
—
Grant Deed
related
$85,000,000 · Wachovia Bk/ga
Nov 23, 2005
$15,750,000
Wmb X LLC
2989 Paradise LLC
Grant Deed
—
Mar 8, 2005
$7,000,000
2989 Paradise LLC
Cowtown Boot Co INC
Deed Of Trust
$15,000,000 · Hibernia National Bank
Nov 12, 2004
$3,500,000
Wmb Vii LLC
Glusman Wiener LLC
Grant Deed
$3,250,000 · Centier Bank
May 1, 1992
$1,100,000
Cowtown Boot Company INC
Unknown
Grant Deed
—
—
—
Wmb X LLC
—
Loan Modification
related
—
—
—
Gvi Shlv Owner LLC
—
Loan Modification
related
$26,000,000 · Bank Of America
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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