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Property profile & analytics
OFF-MARKET
Estimated value
$149,235,000
Parking lots & garages
360 Hughes Ctr Dr Las Vegas, NV 89169
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-1181903
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1997
Construction
CONCRETE
Total area
190,158 SF
Lot
1.7 ac (74,052 SF)
APN
162-16-811-008
UPID
US62-1181903
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
by Request
Comparable Approach
Comparable
$137.22M
Blend (final)
Blend
$149.24M
Owner & transaction history
Bre Of Hc Las Vegas Prop Holdings · 8 yrs held
Bre Of Hc Las Vegas Prop Holdings
since 2017
6 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
Alternative Use
Use
Estimation
PARKING LOT
$169,515,000
Current use
RESTAURANT
$137,045,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$149.24M
Range $134.31M – $164.16M · ±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
$785 / 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
$82,066
Tax year 2023
Assessed value
$3,166,425
Assessed 2024
Previous assessed
$2,798,103
+13.2% YoY
Effective rate
2.59%
On assessed value
Assessed land
$822,903
Assessed improvement
$2,343,522
Land market value
$2,351,151
Improvement market value
$6,695,777
Total market value
$9,046,928
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
190,158 SF
Lot
1.7 ac (74,052 SF)
APN
162-16-811-008
UPID
US62-1181903
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
PARKING LOT Current
Est. value
$169.5M
RESTAURANT
Est. value
$137.0M
PARKING LOT Current
RESTAURANT
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
1997
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
1.7 ac
Current owner
From public records · entity-resolved
Bre Of Hc Las Vegas Prop Holdings
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2018
—
Bre Of Hc Las Vegas Prop Hldgs Ll
—
Deed
related
—
Oct 3, 2017
—
Bre Of Hc Las Vegas Prop Holdings
Crescent Hughes Center Holding
Grant Deed
related
—
Sep 20, 2013
—
Crescent Hughes Center Hldgs
Ms Crescent 3960/3980 Hughes
Quit Claim Deed
related
$239,100,000 · Morgan Stanley Bank
Aug 22, 2007
—
3960/3980 Hughes Spv LLC
3960/3980 Hhp Parking Garage
Quit Claim Deed
—
Dec 30, 2003
—
3960/3980 Hhp Parking Garage
Howard Hughes Properties
Grant Deed
related
—
—
—
Bre Of Hc Las Vegas Prop Hldgs Ll
—
Deed Of Trust
related
—
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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