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Property profile & analytics
OFF-MARKET
Estimated value
$21,750,000
Hotels
3834 Paradise Rd Las Vegas, NV 89169
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0344706
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1990
Construction
FRAME
Total area
58,174 SF
Lot
2.26 ac (98,446 SF)
APN
162-15-302-011
UPID
US62-0344706
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
$21.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.78M
Blend (final)
Blend
$21.75M
Owner & transaction history
Lv Phoenix Plaza LLC · 2 yrs held
Lv Phoenix Plaza LLC
since 2024
Last sale
$21.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$32.3M
+108.3%
Neighborhood: shopping center
$25.3M
+62.8%
Retail stores
$21.8M
+40.2%
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
$21,750,000
ML approach
$21,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,515,000
Current use
AUTO REPAIR, GARAGE
$32,310,000
Change: +108% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$25,255,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$21,750,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$17,615,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$21.75M
Range $19.58M – $23.93M · ±10% · vs last sale $21.75M (May 29 2024)
Last sale anchor
$21.75M
May 29 2024
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
$374 / 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
$96,793
Tax year 2023
Assessed value
$2,557,273
Assessed 2024
Previous assessed
$2,349,012
+8.9% YoY
Effective rate
3.79%
On assessed value
Assessed land
$864,500
Assessed improvement
$1,692,773
Land market value
$2,470,000
Improvement market value
$4,836,494
Total market value
$7,306,494
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
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
4
Units
130
Total area
58,174 SF
Lot
2.26 ac (98,446 SF)
APN
162-15-302-011
UPID
US62-0344706
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
HOTEL/MOTEL Current
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$32.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.3M
RETAIL STORES
Est. value
$21.8M
OFFICE BUILDING
Est. value
$17.6M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
4
Units
130
Lot
2.26 ac
Current owner
From public records · entity-resolved
Lv Phoenix Plaza LLC
Entity
Mailing address
3177 ROBINS CRK PL, LAS VEGAS, NV 89135-1776
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
—
Lv Phoeniz Plaza LLC
—
Deed
related
$10,000 · Charford INC
May 29, 2024
$21,750,000
Lv Phoenix Plaza LLC
Uw 3850 Paradise LLC
Bargain And Sale Deed
$12,570,000 · Enterprise Bank & Trust
Mar 12, 2018
$13,500,000
Uw 3850 Paradise LLC
Gan Eden LLC
Grant Deed
$12,050,000 · Fs Creit Originator LLC
Jun 9, 2011
—
Gan Eden LLC
Milone II LLC
Grant Deed
related
—
Oct 24, 2007
$8,995,000
Gan Eden LLC
Kincardineshire Investment LLC
Quit Claim Deed
related
—
Jul 6, 2004
$17,500,000
Epstein,tr
Mfi Partners LP
Grant Deed
$2,500,000 · Bank One NA
Sep 15, 1994
$9,440,000
Mfi Partners LP
Hmh Properties INC
Trustees Deed
$71,529,563 · Credit Lyonnais New York Branc
Sep 15, 1994
—
Mfi Partners
—
Deed Of Trust
related
$1,411,920 · Hmh Properties INC
Jun 21, 1990
$1,790,540
Marriott-dayton Community Redev
Unknown
Grant Deed
—
—
—
Gan Eden LLC
—
Deed Of Trust
related
$2,800,000 · Wells Fargo Bank
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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