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Property profile & analytics
OFF-MARKET
Estimated value
$15,050,000
Motels
4034 Paradise Rd Las Vegas, NV 89169-4809
Trust Owned
2-yr Hold
Free & Clear
Property ID
US62-0149895
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2000
Construction
FRAME
Total area
145,967 SF
Lot
4.01 ac (174,676 SF)
APN
162-15-401-012
UPID
US62-0149895
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
-
Candlewood Suites Las Vegas-Convention Ctr Area Hotel & Motel
-
las vegas motor speedway Resort
-
Sonesta Simply Suites Las Vegas Convention Center Hotel & Motel
-
Sonesta Simply Suites Las Vegas Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.05M
Owner & transaction history
Hptmi Properties Trust · 2 yrs held
Hptmi Properties Trust
since 2024
6 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%
$18,720,000
6.5%
$17,280,000
7%
$16,045,000
Blend value · Realmo final
$15.05M
Range $13.55M – $16.56M · ±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
$103 / 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
$157,113
Tax year 2023
Assessed value
$6,606,004
Assessed 2024
Previous assessed
$5,989,315
+10.3% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,608,390
Assessed improvement
$4,997,614
Land market value
$4,595,400
Improvement market value
$14,278,897
Total market value
$18,874,297
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
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Stories
4
Units
276
Total area
145,967 SF
Lot
4.01 ac (174,676 SF)
APN
162-15-401-012
UPID
US62-0149895
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
FRAME
Heating
HEAT PUMP
Stories
4
Units
276
Lot
4.01 ac
Current owner
From public records · entity-resolved
Hptmi Properties Trust
Trust
Free & Clear · 2 yrs held
Mailing address
255 WASHINGTON ST STE #300, NEWTON, MA 02458-1634
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
—
Hptmi Properties Trust
—
Deed
related
$650,000,000 · Wells Fargo Bank NA
Mar 6, 2024
—
Hptmi Properties Trust
Hpt Ihg 2 Properties Trust
Warranty Deed
—
Apr 25, 2022
—
County Of Clark
Hpt Ihg 2 Properties Trust
Bargain And Sale Deed
—
Aug 17, 2001
$22,000,000
Hpt Cw Properties LLC
Candlewood Las Vegas Nv LLC
Grant Deed
—
Jan 6, 1999
$1,500,000
Sanson Trust
Paradise Investment Properties
Quit Claim Deed
related
—
Jan 6, 1999
$3,650,000
Candlewood Las Vegas Nv LLC
Sanson Trust
Trustees Deed
—
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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