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Property profile & analytics
OFF-MARKET
Estimated value
$25,060,000
Hotels
3400 Paradise Rd Las Vegas, NV 89169-2770
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0346600
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
393,992 SF
Lot
2.9 ac (126,324 SF)
APN
162-15-101-034
UPID
US62-0346600
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
-
UPS Authorized Shipping Outlet Courier Service Postal Service
-
Las Vegas Convention Printer Marketing & Advertising Printing Service
-
Renaissance Las Vegas Hotel Hotel & Motel
-
Ego Cafe Restaurant
-
BuffTutor - University & High School Tutors - Las Vegas Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.88M
Blend (final)
Blend
$25.06M
Owner & transaction history
3400 Paradise Owner LP · 8 yrs held
3400 Paradise Owner LP
since 2018
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.06M
Range $22.55M – $27.57M · ±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
$64 / 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
$782,700
Tax year 2023
Assessed value
$30,347,981
Assessed 2024
Previous assessed
$26,767,387
+13.4% YoY
Effective rate
2.58%
On assessed value
Assessed land
$2,013,900
Assessed improvement
$28,334,081
Land market value
$5,754,000
Improvement market value
$80,954,517
Total market value
$86,708,517
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
14
Units
548
Rooms
12
Bathrooms
4
Total area
393,992 SF
Lot
2.9 ac (126,324 SF)
APN
162-15-101-034
UPID
US62-0346600
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
14
Buildings
2
Units
548
Rooms
12
Bathrooms
4
Lot
2.9 ac
Current owner
From public records · entity-resolved
3400 Paradise Owner LP
Entity
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
—
Rockpoint Group LLC
—
Deed
related
$106,130,000 · Ares Cre Lender LLC
May 30, 2018
—
3400 Paradise Owner LP
—
Deed
related
$10,165,000 · Private Individual
Apr 30, 2018
$177,921,032
3400 Paradise Owner LP
Ws Rlv LLC
Grant Deed
—
Jul 31, 2015
$14,000,000
Ws Rlv LLC
Jackson-shaw Of Paradise Las Vega
Grant Deed
—
Jul 31, 2015
$111,000,000
Ws Rlv LLC
Jackson Shaw Paradise Las Vegas Lim
Bargain And Sale Deed
—
Aug 1, 2005
$5,600,000
Jackson Shaw/paradise Las Vegas II
Fran Spurlock
Bargain And Sale Deed
$6,000,000 · Citigroup Global Markets Realty Cor
Nov 8, 2002
—
Clark County (nv)
Hopkins,tr
Grant Deed
related
—
—
—
Jackson-shaw Of Paradise Lv II LP
—
Loan Modification
related
$6,700,000 · American National Insurance Co
—
—
Jackson-shaw Of Paradise Las Vega
—
Deed Of Trust
related
$6,700,000 · American National Insurance Co
—
—
Paradise Las Vega Jackson-shaw
—
Deed Of Trust
related
—
—
—
3400 Paradise Owner LP
—
Deed Of Trust
related
$10,165,000 · Private Individual
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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