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Property profile & analytics
OFF-MARKET
Estimated value
$141,470,000
Parking lots & garages
4100 Paradise Rd Las Vegas, NV 89169-6528
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US62-0149892
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
122,210 SF
Lot
10 ac (435,600 SF)
APN
162-22-104-001
UPID
US62-0149892
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
-
William Hill Sportsbook Hotel & Motel Resort
-
City Cafe Cafe & Coffee Shop
-
Silver Seven Bud Light Sports Bar Bar & Pub
-
Allegiant Stadium Gym & Fitness Center Sports Field & Court
-
Nickel Deuce Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$146.06M
Blend (final)
Blend
$141.47M
Owner & transaction history
Flamingo Paradise Gaming LLC · 26 yrs held
Flamingo Paradise Gaming LLC
since 1999
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
$108,940,000
Current use
RESTAURANT
$88,075,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$141.47M
Range $127.32M – $155.62M · ±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
$490,464
Tax year 2023
Assessed value
$20,418,124
Assessed 2024
Previous assessed
$18,944,336
+7.8% YoY
Effective rate
2.40%
On assessed value
Assessed land
$10,824,660
Assessed improvement
$9,593,464
Land market value
$30,927,600
Improvement market value
$27,409,897
Total market value
$58,337,497
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
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
4
Stories
4
Units
328
Total area
122,210 SF
Lot
10 ac (435,600 SF)
APN
162-22-104-001
UPID
US62-0149892
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
$108.9M
RESTAURANT
Est. value
$88.1M
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
4
Buildings
4
Units
328
Lot
10 ac
Current owner
From public records · entity-resolved
Flamingo Paradise Gaming LLC
Entity
Mailing address
4100 PARADISE RD, LAS VEGAS, NV 89169-6528
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2021
—
Flamingo Paradise Gaming LLC
—
Deed
related
$100,000,000 · Goldman Sachs Bank USA
Mar 21, 2017
—
Flamingo Paradise Gaming LLC
—
Deed
related
$145,000 · Citizens Bk
Feb 21, 2017
—
Flamingo Paradise Gaming LLC
—
Grant Deed
related
$780,000,000 · Credit Suisse Ag Cayman Iss Br
Aug 31, 2012
—
Flamingo Paradise Gaming LLC
—
Deed Of Trust
related
$670,000,000 · Deutsche Bank Trust Co America
May 2, 2011
—
Flamingo Paradise Gaming LLC
—
Deed Of Trust
related
$350,000,000 · Wilmington Trust Co
Jun 10, 2004
—
Flamingo Paradise Gaming LLC
—
Deed Of Trust
related
$190,000,000 · Bank Of America NA Trustee
Aug 24, 2001
—
Flamingo Paradise Gaming LLC
—
Deed Of Trust
related
$170,000,000 · Bank Of New York Trustee
May 24, 2000
—
Flamingo Paradise Gaming LLC
—
Deed Of Trust
related
$15,000,000 · Del Mar Mortgage INC
Dec 2, 1999
$28,000,000
Flamingo Paradise Gaming LLC
American Realty Trust INC
Grant Deed
$20,190,000 · Del Mar Mortgage INC
Apr 15, 1998
$20,000,000
American Realty Trust INC
American Realty Trust INC
Trustees Deed
related
—
Oct 24, 1996
$9,959,500
Crowne Ventures INC
Hotel Continental INC
Grant Deed
—
Jun 19, 1992
$22,600,000
Hotel Continental INC
Unknown
Grant Deed
—
—
—
Flamingo Paradise Gaming LLC
—
Deed Of Trust
related
$145,000 · Citizens Bk
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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