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Property profile & analytics
OFF-MARKET
Estimated value
$13,640,000
Hotels
3600 Paradise Rd Las Vegas, NV 89169-3613
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0469523
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
225,097 SF
Lot
3.24 ac (141,134 SF)
APN
162-15-201-012
UPID
US62-0469523
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
-
Embassy Suites by Hilton Convention Center Las Vegas Hotel & Motel
-
The Fountain Grill Bar & Pub Restaurant
-
international association for property and evidence video classes Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.40M
Blend (final)
Blend
$13.64M
Owner & transaction history
Las Vegas Propco LLC · 9 yrs held
Las Vegas Propco LLC
since 2017
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
$13.64M
Range $12.28M – $15.00M · ±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
$61 / 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
$348,757
Tax year 2023
Assessed value
$14,585,860
Assessed 2024
Previous assessed
$12,954,045
+12.6% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,536,885
Assessed improvement
$13,048,975
Land market value
$4,391,100
Improvement market value
$37,282,786
Total market value
$41,673,886
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
11
Units
287
Total area
225,097 SF
Lot
3.24 ac (141,134 SF)
APN
162-15-201-012
UPID
US62-0469523
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
11
Units
287
Lot
3.24 ac
Current owner
From public records · entity-resolved
Las Vegas Propco LLC
Entity
Mailing address
3250 OCEAN PARK BLVD STE #350, SANTA MONICA, CA 90405-3257
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2019
—
Las Vegas Opco LLC
—
Grant Deed
related
$141,719,175 · Delphi Cre Fndg
Jul 3, 2017
$31,094,194
Las Vegas Propco LLC
Nesbitt L V C C LLC
Bargain And Sale Deed
$120,288 · Delphi Cre Funding LLC
Jul 3, 2017
—
Las Vegas Propco LLC
—
Loan Modification
related
$120,288,363 · Delphi Cre Fndg
Jul 11, 2016
—
Nesbit Lvcc LLC
—
Deed
related
$120,288,363 · Delphi Cre Fndg
May 18, 2004
—
Nesbitt Lvcc LLC
—
Deed Of Trust
related
$64,500,000 · Gmac Commercial Mortgage Bank
Dec 11, 1998
$8,500,000
Stallion Development Co LLC
Corporation Of The Presiding
Grant Deed
—
Sep 25, 1998
—
Nesbitt Lv Cc LLC
—
Deed Of Trust
related
$27,750,000 · Gmac Mortgage Corp
May 13, 1998
—
Clark County (nv)
Nesbitt Lvcc LLC
Grant Deed
related
—
Jul 7, 1997
$4,200,000
Nesbitt Lvcc LLC
Shinyo Development Co Ltd
Grant Deed
—
—
—
Nesbit Lvcc LLC
—
Deed Of Trust
related
$120,288,363 · Delphi Cre Fndg
—
—
Nesbitt Lvcc LLC
—
Deed Of Trust
related
$41,500,000 · Gmac Commercial Mortgage Corp
—
—
Nesbitt Lvcc LLC
—
Deed Of Trust
related
$64,500,000 · Gmac Commercial Mortgage Bank
—
—
Nesbitt Lvcc LLC
—
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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