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    325 Flamingo Rd Las Vegas, NV 89169-4812
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    Property profile & analytics

    325 Flamingo Rd, Las Vegas, NV 89169-4812

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    • Motels
    • 37,949 SF
    • 3.40 lot acres
    Off-Market
    Last Sale Jan 31, 2024
    $27,000,000
    Property ID
    US62-0342454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $27,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 325 Flamingo Rd

    Year built
    1991
    Construction
    FRAME
    Lot size
    3.40 lot acres
    Property type
    Motels
    APN
    162-21-504-001
    APU
    16221504001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2024 $27,000,000 Flamingo 6 LLC Cathedral Gd LLC Bargain And Sale Deed $28.2M · Dt Grat Lm LLC
    Sep 27, 2022 — Cathedral Gd LLC Clark County Redemption Deed · related —
    Sep 1, 2022 $20,000,000 Cathedral Gd LLC Las Vegas Lucky Investment LLC Bargain And Sale Deed $9.7M · Las Vegas Lucky Investment LLC
    Jan 9, 2019 — Lv Lucky Investment LLC Cheng,shuiyan Quit Claim Deed · related —
    May 10, 2016 — Las Vegas Dynasty Casino Hotel Las Vegas Lucky Investment LLC Quit Claim Deed · related —
    Sep 19, 2012 — Las Vegas Lucky Investment LLC Newstart Real Estate Inv LLC Grant Deed · related —
    Mar 16, 2012 $11,300,000 Newstart Real Estate Inv LLC 325 Flamingo LLC Grant Deed —
    Jul 16, 2010 $12,000 325 Flamingo LLC Pacific East Flamingo LLC Grant Deed $6M · Mega International Commercial Bank
    May 4, 2009 $48,829,209 Nexbank Ssb Pacific Clarion LLC Trustees Deed · related —
    Apr 29, 2009 — Pacific Clarion Hotel LLC Nexbank Ssb Grant Deed —
    Apr 29, 2009 $48,829,209 Nexbank Ssb Pacific Clarion LLC Deed In Lieu Of Foreclosure · related —
    Jul 16, 2007 — Owner Name Unavailable Owner Name Unavailable Quit Claim Deed · related —
    Jul 28, 2005 $6,312,253 Pacific Clarion LLC Zogob Ents LLC Grant Deed —
    Apr 25, 2005 $12,030,496 Pacific Clarion LLC Henrikson Flo Trust Grant Deed $13.5M · Nevada First Bank
    Jan 27, 2005 — Zogob Ents LLC Zogob Richard G Trust Quit Claim Deed —
    Jan 18, 2005 — Vicki L Feeney Long Esther D Trust Grant Deed · related —
    Feb 14, 2003 — Long,tr — Deed Of Trust · related $6.3M · Nevada First Bank
    Dec 28, 1999 $2,291,500 Long Trust Emerald Springs Inn Ltd Grant Deed —
    Oct 14, 1999 $157,000 Mayer Trust Emerald Springs Inn Ltd Grant Deed —
    — — Pacific Clarion LLC — Deed Of Trust · related $9.5M · Primros Properties
    — — Pacific Clarion LLC — Deed Of Trust · related $8k · Onecap Mortgage
    — — Pacific Clarion LLC — Deed Of Trust · related $45.5M · Nexbank Ssb
    — — Pacific Clarion LLC — Deed Of Trust · related $7k · Onecap Mortgage

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $27,000,000
      ML approach
      $27,000,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $27,350,000
      AUTO REPAIR, GARAGE
      $21,075,000
      NEIGHBORHOOD: SHOPPING CENTER
      $16,475,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.158
    Latitude
    36.1133
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $117,584
    $2,591,750
    $2,498,956
    $5,090,706
    -
    $7,405,000
    $7,139,874
    $14,544,874

    Comparable in this City

    • Value Estimation
      $15,050,000
      145,967 SF

      4034 Paradise Rd

      MOTEL
      4034 Paradise Rd, Las Vegas, NV 89169-4809
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    • Value Estimation
      $21,065,000
      198,640 SF

      370 Hughes Ctr Dr

      MOTEL
      370 Hughes Ctr Dr, Las Vegas, NV 89169-4814
      View Details
    • Value Estimation
      $22,305,000
      0.78 Acres

      4350 Paradise Rd

      MOTEL
      4350 Paradise Rd, Las Vegas, NV 89169-6500
      View Details
    • Value Estimation by Request
      2.01 Acres

      3546 Paradise Rd

      MOTEL
      3546 Paradise Rd, Las Vegas, NV 89169-3611
      View Details
    • Value Estimation by Request
      1.70 Acres

      375 Harmon Ave

      MOTEL
      375 Harmon Ave, Las Vegas, NV 89169-7081
      View Details
    • Value Estimation
      $11,915,000
      138,939 SF

      3500 Paradise Rd

      MOTEL
      3500 Paradise Rd, Las Vegas, NV 89169-3611
      View Details

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      Multi-Family Housing Complexes For Sale

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    Similar Nearby for Lease

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      The Collective: Las Vegas Retail

      Resort Corridor Retail Spaces Available
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      View Details
    • Contact for pricing
      6,014 SF

      Retail Space in Vons Anchored Center

      Retail spaces available in a busy, anchored shopping center.
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      Retail Space on Paradise Road

      Retail space available for lease on Paradise Road, Las Vegas.
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      Howard Hughes Parkway Office Space

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      Retail Space in High-Density Area

      Retail space in a high-traffic, high-density Las Vegas location.
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    Las Vegas, NV 89169-4812
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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