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Property profile & analytics
OFF-MARKET
Motels
375 Harmon Ave Las Vegas, NV 89169-7081
Entity Owned
22-yr Hold
Free & Clear
Property ID
US62-0524484
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
1.7 ac (74,052 SF)
APN
162-21-802-009
UPID
US62-0524484
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
-
Alexis Park Resort Hotel & Motel Resort
-
Barbers Den - inside Alexis Park Suite Resort's fitness center Barber Shop
-
Modern Showrooms at Alexis Park Theater & Performing Art Venue
-
All Shook Up - Tribute to the King Music Venue Bar & Pub
-
All Motown Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
L A Pacific Center INC · 22 yrs held
L A Pacific Center INC
since 2004
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21
Tax year 2023
Assessed value
$472,500
Assessed 2024
Previous assessed
$367,500
+28.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$472,500
Land market value
$1,350,000
Total market value
$1,350,000
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
Heating
NONE
Lot
1.7 ac (74,052 SF)
APN
162-21-802-009
UPID
US62-0524484
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
Heating
NONE
Lot
1.7 ac
Current owner
From public records · entity-resolved
L A Pacific Center INC
Entity
Free & Clear · 22 yrs held
Mailing address
710 S MYRTLE AVE #285, MONROVIA, CA 91016-3423
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2018
—
La Pacific Center INC
—
Loan Modification
related
$42,000,000 · Mega Int'l Com'l Bk
May 26, 2004
$61,900,000
L A Pacific Center INC
Hotels Nevada LLC
Grant Deed
—
May 26, 2004
$8,100,000
La Pacific Center INC
Inns Nevada LLC
Trustees Deed
—
Aug 28, 2001
—
Hotels Nevada LLC
Nev-assi LLC
Trustees Deed
$36,500,000 · Gmac Commercial Mortgage Corp
Aug 28, 2001
$10,000,000
Hotels Nevada LLC
—
Trustees Deed
related
—
Sep 20, 1996
$239,000
A P R Ltd LP
Alexis Towers INC
Quit Claim Deed
related
—
May 6, 1994
—
Alexis Towers INC
Apr Ltd
Quit Claim Deed
related
—
—
—
Inns Nevada LLC
—
Deed Of Trust
related
$5,000,000 · Gmac Commercial Mortgage Corp
—
—
La Pacific Center INC
—
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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