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    3684 Paradise Rd Las Vegas, NV 89169-3635
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    Property profile & analytics

    3684 Paradise Rd, Las Vegas, NV 89169-3635

    View on Map
    • Motels
    • 141,453 SF
    • 7.54 lot acres
    Off-Market
    Property ID
    US62-0218757
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $13,375,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kenny Giordano's Official website / Theater & Performing Art Venue / Nightclub
    • Hotel Suites of America / Hotel & Motel
    • Lucid Desirez / (Bike/Boat/Book/etc) Store
    • Ella Boo El Fashions / Clothing Store
    • Emerald Suites Convention Center / Hotel & Motel / Vacation Rental

    Property Details for 3684 Paradise Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    7.54 lot acres
    Property type
    Motels
    APN
    162-15-201-011
    APU
    16215201011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2020 — Choice 3d Two LLC — Deed · related $62M · Truist Bk
    Aug 3, 2018 $18,688,524 Mark,hall Family Trust Elvs II LLC Grant Deed —
    Aug 3, 2018 $9,478,423 Hall,mark Family Trust Elvs II LLC Grant Deed —
    Aug 3, 2018 — Choice 3d Two LLC — Deed · related —
    Jun 12, 2018 — Elvs II LLC — Deed · related $9.3M · Wells Fargo Bk
    Mar 9, 2018 — Elvs II LLC — Deed · related $9.3M · Wells Fargo Bk Nw NA
    Jan 26, 2015 — Elvs II LLC — Grant Deed · related $10.6M · Wells Fargo Bk
    Nov 15, 2012 $9,920,000 Elvs II LLC Garrison Commercial Fndg LLC Grant Deed · related $6M · Mechanics Bank
    Feb 2, 2010 $15,000,000 Garrison Coml Funding LLC First American Title Ins Trustees Deed · related —
    Dec 30, 2009 $15,000,000 Garrison Commercial Fndg I LLC First American Title Ins Trustees Deed · related —
    May 10, 2005 $33,000,000 Budget Suites Properties LLC Sun Harbor Budget Suites LLC Of Nv Bargain And Sale Deed $17M · Countrywide Cmrcl Real Estate Fin I
    Feb 28, 1996 $4,700,000 Sun Harbor Budget Suites LLC Schwartz Trust Grant Deed · related $12M · First Interstate Bank Nevada
    — — Elvs II LLC — Deed Of Trust · related $410k · Carolyn M Hall
    — — Elvs II LLC — Deed Of Trust · related $2M · Mechanics Bank
    — — Choice 3d Two LLC — Deed Of Trust · related $62M · Truist Bk
    — — Elvs II LLC — Loan Modification · related $9.3M · Wells Fargo Bk Nw NA
    — — Choice 3d Two LLC — Deed Of Trust · related —
    — — Elvs II LLC — Loan Modification · related $9.3M · Wells Fargo Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,140,000
      6.5%
      $16,745,000
      7%
      $15,550,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.153
    Latitude
    36.1226
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $136,674
    $1,660,050
    $3,960,570
    $5,620,620
    -
    $4,743,000
    $11,315,914
    $16,058,914

    Comparable in this City

    • Value Estimation
      $15,050,000
      145,967 SF

      4034 Paradise Rd

      MOTEL
      4034 Paradise Rd, Las Vegas, NV 89169-4809
      View Details
    • Value Estimation
      $11,915,000
      138,939 SF

      3500 Paradise Rd

      MOTEL
      3500 Paradise Rd, Las Vegas, NV 89169-3611
      View Details
    • Value Estimation
      $23,790,000
      3.30 Acres

      377 Flamingo Rd

      MOTEL
      377 Flamingo Rd, Las Vegas, NV 89169-4812
      View Details
    • Value Estimation
      $34,615,000
      517,554 SF

      255 Flamingo Rd

      MOTEL
      255 Flamingo Rd, Las Vegas, NV 89169-4708
      View Details
    • Value Estimation by Request
      37,080 SF

      3970 Paradise Rd

      MOTEL
      3970 Paradise Rd, Las Vegas, NV 89169-0904
      View Details
    • Value Estimation
      $21,065,000
      198,640 SF

      370 Hughes Ctr Dr

      MOTEL
      370 Hughes Ctr Dr, Las Vegas, NV 89169-4814
      View Details

    Similar Nearby for Sale

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      0.19 Acres

      Commercial Lot on Eastern Avenue

      Commercial land available on a busy street in Las Vegas.
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      Las Vegas Vacant Land Parcel

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      Las Vegas Resort Corridor Retail

      Multi-tenant retail center in the Las Vegas Resort Corridor.
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      Multi-Family Housing Complexes For Sale

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      2,509 SF

      Commercial Space on Golf Course

      Commercial space with solar panels and rear garage access.
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    • $215,000

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    Similar Nearby for Lease

    • $51 SF/Yr
      32,267 SF

      The Collective: Las Vegas Retail

      Resort Corridor Retail Spaces Available
      3900 Paradise Rd, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      6,014 SF

      Retail Space in Vons Anchored Center

      Retail spaces available in a busy, anchored shopping center.
      1155-1159 E Twain Ave, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      12,115 SF

      Retail Space on Paradise Road

      Retail space available for lease on Paradise Road, Las Vegas.
      3987 Paradise Rd, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      9,873 SF

      Howard Hughes Parkway Office Space

      Office space available in the Hughes Center, Las Vegas.
      3800 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      Office Space with Multiple Rooms

      Office space featuring private offices, conference room, and breakrooms.
      3900 Paradise Rd, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      2,379 SF

      Retail Space in High-Density Area

      Retail space in a high-traffic, high-density Las Vegas location.
      3200 S Eastern Ave, Las Vegas, NV 89169
      View Details
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    3684 Paradise Rd
    Las Vegas, NV 89169-3635
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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