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Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Hotels
4035 Nellis Blvd Las Vegas, NV 89115-2701
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US62-0595335
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Construction
FRAME
Total area
44,925 SF
Lot
1.48 ac (64,469 SF)
APN
140-05-803-014
UPID
US62-0595335
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
-
Holiday Inn Express Las Vegas-Nellis, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.81M
Owner & transaction history
Nellis Hospitality LLC · 19 yrs held
Nellis Hospitality LLC
since 2006
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%
$5,730,000
6.5%
$5,290,000
7%
$4,910,000
Blend value · Realmo final
$4.81M
Range $4.32M – $5.29M · ±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
$107 / 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
$31,066
Tax year 2023
Assessed value
$2,104,131
Assessed 2024
Previous assessed
$1,921,615
+9.5% YoY
Effective rate
1.48%
On assessed value
Assessed land
$169,231
Assessed improvement
$1,934,900
Land market value
$483,517
Improvement market value
$5,528,286
Total market value
$6,011,803
Applied tax rate
340.0000
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
2002
Construction
FRAME
Heating
YES
Cooling
YES
Stories
3
Units
87
Total area
44,925 SF
Lot
1.48 ac (64,469 SF)
APN
140-05-803-014
UPID
US62-0595335
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
2002
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
87
Lot
1.48 ac
Current owner
From public records · entity-resolved
Nellis Hospitality LLC
Entity
Mailing address
300 E MAIN DR STE #620, EL PASO, TX 79901-1345
Ownership since
2006
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
Sep 22, 2006
$8,450,000
Nellis Hospitality LLC
Grace Hotels LLC
Warranty Deed
$5,600,000 · General Electric Capital Corp
Aug 4, 2005
$5,500,000
Grace Hotels LLC
Las Vegas Lodging Dev LLC
Grant Deed
$6,858,679 · Frontier Bank
—
—
Nellis Hospitality LLC
—
Deed Of Trust
related
$2,000,000 · Nebula Investments LLC
—
—
Nellis Hospitality LLC
—
Deed Of Trust
related
$2,000,000 · Sarnsa Investments INC
—
—
Las Vegas Lodging Dev LP
—
Deed Of Trust
related
$4,498,000 · First Republic Bank
—
—
Las Vegas Lodging Dev LLC
—
Deed Of Trust
related
$1,000,000 · James M Chaffeur
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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