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Property profile & analytics
FOR LEASE
Parking lots & garages
3763 Howard Hughes Pkwy Las Vegas, NV 89169
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0442365
For Lease
1 / 2
$33 SF/Yr
3763 Howard Hughes Pkwy, Las Vegas, NV 89169
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,927 SF
Lot
6.02 ac (262,231 SF)
APN
162-16-714-003
UPID
US62-0442365
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
-
The Rainmaker Group Las Vegas (Bike/Boat/Book/etc) Store Corporate Office
-
Glaser Weil Fink Jacobs Howard Law Firm
-
Covered Parking HH-1 Parking Lot & Garage
-
StretchLV Gym & Fitness Center
-
LEO A DALY Architect Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$78.80M
Blend (final)
Blend
$76.32M
Owner & transaction history
Bre Of Hc Las Vegas Prop Holdings · 8 yrs held
Bre Of Hc Las Vegas Prop Holdings
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
Alternative Use
Use
Estimation
PARKING LOT
$58,770,000
Current use
RESTAURANT
$47,510,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$76.32M
Range $68.68M – $83.95M · ±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
$1,158 / 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
$253,398
Tax year 2023
Assessed value
$10,480,521
Assessed 2024
Previous assessed
$10,214,534
+2.6% YoY
Effective rate
2.42%
On assessed value
Assessed land
$2,914,042
Assessed improvement
$7,566,479
Land market value
$8,325,834
Improvement market value
$21,618,511
Total market value
$29,944,345
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
For Lease
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
2
Total area
65,927 SF
Lot
6.02 ac (262,231 SF)
APN
162-16-714-003
UPID
US62-0442365
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
$58.8M
RESTAURANT
Est. value
$47.5M
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
3
Lot
6.02 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
8 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 3753/3763 Hughes
Quit Claim Deed
related
$239,100,000 · Morgan Stanley Bank
Aug 22, 2007
—
Crescent 3753 3763 Hughes S Ms
3753/3763 Hhp LLC
Quit Claim Deed
—
Dec 30, 2003
—
3753/3763 Hhp LLC
Howard Hughes Properties
Grant Deed
related
—
Feb 4, 2003
—
Clark County (nv)
Howard Hughes Properties
Grant Deed
related
—
—
—
Hhp LLC
—
Deed Of Trust
related
$14,350,000 · J P Morgan Chase Bank
—
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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