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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Motels
4228 Las Vegas N Blvd Las Vegas, NV 89115-1564
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-1052253
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Construction
FRAME
Total area
19,520 SF
Lot
1.03 ac (44,867 SF)
APN
140-04-401-001
UPID
US62-1052253
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
$3.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.91M
Owner & transaction history
Nellis View Partners Delaware LLC · 3 yrs held
Nellis View Partners Delaware LLC
since 2022
Last sale
$4.0M
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
$3,895,000
ML approach
$3,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,205,000
Current use
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±10% · vs last sale $4.00M (Jul 26 2022)
Last sale anchor
$4.00M
Jul 26 2022
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
$200 / 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
$9,738
Tax year 2023
Assessed value
$612,951
Assessed 2024
Previous assessed
$553,353
+10.8% YoY
Effective rate
1.59%
On assessed value
Assessed land
$117,776
Assessed improvement
$495,175
Land market value
$336,503
Improvement market value
$1,414,786
Total market value
$1,751,289
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
51
Total area
19,520 SF
Lot
1.03 ac (44,867 SF)
APN
140-04-401-001
UPID
US62-1052253
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
$5.2M
HOTEL/MOTEL Current
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
1992
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
51
Lot
1.03 ac
Current owner
From public records · entity-resolved
Nellis View Partners Delaware LLC
Entity
Mailing address
46 PENINSULA CTR E STE E, ROLLING HILLS ESTATES, CA 90274-3562
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Nellis View Partners Delaware LLC
Nellis View Partners LLC
Quit Claim Deed
related
$10,000,000 · Wells Fargo Bank NA
Dec 20, 2018
—
Nellis View Partners LLC
—
Deed
related
$4,700,000 · Town & Cntry Bk
Oct 16, 2013
$4,000,000
Nellis View Partners LLC
Accipiter Investments LLC
Grant Deed
$3,055,000 · Town & Country Bank
Jun 17, 2011
$2,250,000
Accipiter Investments LLC
Las Vegas Blvd-nellis LLC
Grant Deed
—
Feb 16, 2011
$1,330,001
Las Vegas Blvd-nellis LLC
Fidelity Natl Default Svcs C
Trustees Deed
—
Dec 29, 2010
$1,330,001
Las Vegas Blvd-nellis LLC
Fidelity Natl Default Svcs C
Trustees Deed
—
Jan 11, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 26, 2009
—
Michael Kubrak
Nellis Motel Co INC
Grant Deed
related
—
Oct 13, 2003
—
Nellis Motel Co INC
—
Deed Of Trust
related
$2,000,000 · Tik Va LLC
Sep 30, 2003
$2,600,000
Nellis Motel Co INC
Yehros,cy C
Grant Deed
$1,664,000 · Silver State Bank
Apr 5, 2000
$1,100,000
Vegas Blvd Property LLC
Sheikhan,parvis & Mabsouren
Grant Deed
$1,050,000 · Allied Capital Sblc Corp
Dec 30, 1997
—
Cy C Yehros
Yehros,cy
Quit Claim Deed
related
$3,622,500 · Commercial Bank Nevada
May 31, 1996
—
Cy Yehros
Yehros,cy C
Quit Claim Deed
related
$3,200,000 · Pioneer Citizens Bank Nevada
Jun 2, 1993
$80,750
Cy Yehros
Maassarani,gnani
Quit Claim Deed
related
$1,050,000 · Pioneer Citizens Bank Nevada
Apr 5, 1991
$80,750
Cy Yehros
Unknown
Grant Deed
—
—
—
Cy C Yehros
—
Deed Of Trust
related
$2,000,000 · Tikva LLC
—
—
Nellis View Partners LLC
—
Loan Modification
related
$4,700,000 · Town & Cntry Bk
—
—
Nellis Motel Co INC
—
Deed Of Trust
related
$1,000,000 · Eli Arviv
—
—
Nellis Motel Co INC
—
Deed Of Trust
related
$6,750,000 · First Republic 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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