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Property profile & analytics
OFF-MARKET
Estimated value
$15,385,000
Hotels
355 Warm Spgs Rd Las Vegas, NV 89119-4261
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-1111596
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2010
Construction
CONCRETE
Total area
125,459 SF
Lot
2.88 ac (125,453 SF)
APN
177-09-514-008
UPID
US62-1111596
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
by Request
CAP Approach
CAP
$14.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.39M
Owner & transaction history
Neelkanth Hospitality LLC · 10 yrs held
Neelkanth Hospitality LLC
since 2016
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%
$16,090,000
6.5%
$14,850,000
7%
$13,790,000
Blend value · Realmo final
$15.39M
Range $13.85M – $16.92M · ±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
$123 / 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
$181,808
Tax year 2023
Assessed value
$7,254,808
Assessed 2024
Previous assessed
$6,350,985
+14.2% YoY
Effective rate
2.51%
On assessed value
Assessed land
$724,491
Assessed improvement
$6,530,317
Land market value
$2,069,974
Improvement market value
$18,658,049
Total market value
$20,728,023
Applied tax rate
635.0000
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
2010
Construction
CONCRETE
Heating
HEAT PUMP
Stories
5
Units
220
Total area
125,459 SF
Lot
2.88 ac (125,453 SF)
APN
177-09-514-008
UPID
US62-1111596
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
2010
Construction
CONCRETE
Heating
HEAT PUMP
Stories
5
Units
220
Lot
2.88 ac
Current owner
From public records · entity-resolved
Neelkanth Hospitality LLC
Entity
Mailing address
445 HOTEL CIR S, SAN DIEGO, CA 92108-3402
Ownership since
2016
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
Sep 20, 2024
—
Neelkanth Hospitality LLC
—
Deed
related
$1,912,200 · The Scotsman Trust
Mar 30, 2023
—
Neelkanth Hospitality LLC
—
Deed
related
$19,700,689 · Midfirst Bank
Dec 11, 2019
—
Neelkanth Hospitality LLC
—
Grant Deed
related
$20,000,000 · Midfirst Bk
Oct 30, 2017
—
Neelkanth Hospitality LLC
—
Deed
related
$15,950,000 · Other Institutional Lenders
May 20, 2016
$6,500,000
Neelkanth Hospitality LLC
Sher-inn LLC
Grant Deed
—
Feb 12, 2013
—
Holiday Home LLC
Wyn Of Garden Hotel LLC
Quit Claim Deed
related
—
Nov 30, 2012
—
Wyn Of Garden Hotel LLC
—
Trustees Deed
related
$2,215,000 · Mountain West Debt Fund LP
Feb 23, 2012
—
Wyn Of Garden Hotel LLC
Wingate Airport South LLC
Quit Claim Deed
related
—
Dec 16, 2011
—
Airport South Wingate
—
Deed Of Trust
related
$2,000,000 · Save LP
May 31, 2007
—
Wingate Airport South LLC
—
Deed Of Trust
related
$1,100,000 · Silver State Bank
Jul 13, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Sher-inn LLC
—
Deed Of Trust
related
$4,000,000 · Abundant Life Foundation
—
—
Neelkanth Hospitality LLC
—
Deed Of Trust
related
$15,950,000 · Other Institutional Lenders
—
—
Wingate Airport South LLC
—
Deed Of Trust
related
$200,000 · Acg-mi LLC
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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