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Property profile & analytics
OFF-MARKET
Estimated value
$11,915,000
Motels
3500 Paradise Rd Las Vegas, NV 89169-3611
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0415814
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
138,939 SF
Lot
2.34 ac (101,930 SF)
APN
162-15-201-001
UPID
US62-0415814
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
-
Mardi Gras Hotel & Casino Hotel & Motel
-
The Untouchables Beauty Salon (Bike/Boat/Book/etc) Store Cosmetic Store
-
The Untouchables Hair Design Hair Salon
-
Mardi Gras Hotel & Casino (Free Parking) Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.92M
Owner & transaction history
Mardi-gras Inn Ltd · 15 yrs held
Mardi-gras Inn Ltd
since 2010
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%
$17,820,000
6.5%
$16,450,000
7%
$15,275,000
Blend value · Realmo final
$11.92M
Range $10.72M – $13.11M · ±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
$86 / 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
$99,291
Tax year 2023
Assessed value
$3,746,694
Assessed 2024
Previous assessed
$3,385,449
+10.7% YoY
Effective rate
2.65%
On assessed value
Assessed land
$1,190,000
Assessed improvement
$2,556,694
Land market value
$3,400,000
Improvement market value
$7,304,840
Total market value
$10,704,840
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
3
Units
324
Total area
138,939 SF
Lot
2.34 ac (101,930 SF)
APN
162-15-201-001
UPID
US62-0415814
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Buildings
3
Units
324
Lot
2.34 ac
Current owner
From public records · entity-resolved
Mardi-gras Inn Ltd
Individual
Mailing address
3500 PARADISE RD, LAS VEGAS, NV 89169-3611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2017
—
Mardi-gras Inn Ltd
—
Deed
related
$4,400,000 · Meadows Bk
Jul 29, 2010
—
Mardi-gras Inn Ltd
Mardi-gras Inn Ltd
Quit Claim Deed
related
—
Dec 16, 2004
—
Mardri-gras Inn Ltd
Owner,record
Grant Deed
related
—
Sep 8, 2000
—
Mardi-gras Inn Ltd
—
Deed Of Trust
related
$6,000,000 · Red Rock Community Bank
Mar 25, 1996
—
Mardi Gras Inn Ltd
Web Service Co INC
Quit Claim Deed
related
$1,500,000 · Sun State Bank
Nov 15, 1994
$5,115,500
Mardi-gras Inn Ltd
Nevadian INC
Quit Claim Deed
related
—
—
—
Mardi-gras Inn Ltd
—
Deed Of Trust
related
$6,000,000 · Bank Of Las Vegas
—
—
Mardi Gras Inn
—
Deed Of Trust
related
$500,000 · Red Rock Community Bank
—
—
Mardi-gras Inn Ltd
—
Deed Of Trust
related
$50,000 · Red Rock Community Bank
—
—
Mardi-gras INC Ltd
—
Loan Modification
related
—
—
—
Mardi-gras Inn Ltd
—
Deed Of Trust
related
$4,400,000 · Meadows Bk
—
—
Mardi Gras Inn Ltd
—
Deed Of Trust
related
$900,000 · Kirkwood Bank & Trust Co
—
—
Mardi Gras Inn
—
Deed Of Trust
related
$365,796 · Red Rock Community Bank
—
—
Mardi-gras Inn Ltd
—
Deed Of Trust
related
$5,100,000 · Nevada State Bank
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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