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Property profile & analytics
OFF-MARKET
Estimated value
$27,000,000
Motels
325 Flamingo Rd Las Vegas, NV 89169-4812
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0342454
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1991
Construction
FRAME
Total area
37,949 SF
Lot
3.4 ac (148,104 SF)
APN
162-21-504-001
UPID
US62-0342454
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
$27.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.00M
Owner & transaction history
Flamingo 6 LLC · 2 yrs held
Flamingo 6 LLC
since 2024
Last sale
$27.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.4M
+170.2%
Auto repair, garage
$21.1M
+108.3%
Neighborhood: shopping center
$16.5M
+62.8%
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
$27,000,000
ML approach
$27,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$27,350,000
Change: +170% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,075,000
Change: +108% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,475,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$27.00M
Range $24.30M – $29.70M · ±10% · vs last sale $27.00M (Jan 31 2024)
Last sale anchor
$27.00M
Jan 31 2024
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
$711 / 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
$117,584
Tax year 2023
Assessed value
$5,090,706
Assessed 2024
Previous assessed
$4,676,033
+8.9% YoY
Effective rate
2.31%
On assessed value
Assessed land
$2,591,750
Assessed improvement
$2,498,956
Land market value
$7,405,000
Improvement market value
$7,139,874
Total market value
$14,544,874
Applied tax rate
470.0000
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
1991
Construction
FRAME
Heating
HEAT PUMP
Buildings
3
Stories
3
Units
150
Total area
37,949 SF
Lot
3.4 ac (148,104 SF)
APN
162-21-504-001
UPID
US62-0342454
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$27.4M
AUTO REPAIR, GARAGE
Est. value
$21.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.5M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Buildings
3
Units
150
Lot
3.4 ac
Current owner
From public records · entity-resolved
Flamingo 6 LLC
Entity
Mailing address
901 N GRN VLY PKWY STE #130, HENDERSON, NV 89074-7137
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
$27,000,000
Flamingo 6 LLC
Cathedral Gd LLC
Bargain And Sale Deed
$28,219,595 · 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
$9,700,000 · 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
$6,000,000 · 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
$13,500,000 · 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
$6,300,000 · 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
$9,500,000 · Primros Properties
—
—
Pacific Clarion LLC
—
Deed Of Trust
related
$7,500 · Onecap Mortgage
—
—
Pacific Clarion LLC
—
Deed Of Trust
related
$45,545,272 · Nexbank Ssb
—
—
Pacific Clarion LLC
—
Deed Of Trust
related
$6,845 · Onecap Mortgage
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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