Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4236 Las Vegas N Blvd Las Vegas, NV 89115-1564
    Back to Search
    Property profile & analytics

    4236 Las Vegas N Blvd, Las Vegas, NV 89115-1564

    View on Map
    • Motels
    • 19,040 SF
    • 1.02 lot acres
    Off-Market
    Last Sale Jul 26, 2022
    $4,000,000
    Property ID
    US62-1248592
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,890,000
    Show details
    Cap Rate Potential
    3.7%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 4236 Las Vegas N Blvd

    Year built
    1994
    Construction
    FRAME
    Lot size
    1.02 lot acres
    Property type
    Motels
    APN
    140-04-302-016
    APU
    14004302016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2022 — Nellis View Partners Delaware LLC Nellis View Partners LLC Quit Claim Deed · related $10M · Wells Fargo Bank NA
    Dec 20, 2018 — Nellis View Partners LLC — Loan Modification · related $4.7M · Town & Cntry Bk
    Oct 16, 2013 $4,000,000 Nellis View Partners LLC Accipiter Investments LLC Grant Deed $3.1M · 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 $2M · Tik Va LLC
    Oct 24, 2001 — Cy C Yehros — Deed Of Trust · related $2M · Tikva LLC
    May 31, 1996 — Cy Yehros Yehros,cy C Quit Claim Deed · related $3.2M · Pioneer Citizens Bank Nevada
    Apr 5, 1991 $78,380 Cy Yehros Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,895,000
      ML approach
      $3,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,711,000
      Market price range: $3.71M - $7.35M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,080,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.059
    Latitude
    36.2368
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,524
    $116,632
    $494,263
    $610,895
    -
    $333,234
    $1,412,180
    $1,745,414

    Comparable in this City

    • Value Estimation
      $1,600,000
      4,946 SF

      3430 Las Vegas N Blvd

      MOTEL
      3430 Las Vegas N Blvd, Las Vegas, NV 89115-0507
      View Details
    • Value Estimation
      $3,910,000
      19,520 SF

      4228 Las Vegas N Blvd

      MOTEL
      4228 Las Vegas N Blvd, Las Vegas, NV 89115-1564
      View Details
    • Value Estimation
      $3,945,000
      14,560 SF

      4244 Las Vegas N Blvd

      MOTEL
      4244 Las Vegas N Blvd, Las Vegas, NV 89115-1564
      View Details
    • Value Estimation
      $4,585,000
      50,744 SF

      5230 Craig Rd

      MOTEL
      5230 Craig Rd, Las Vegas, NV 89115-2257
      View Details
    • Value Estimation
      $3,950,000
      18,174 SF

      4260 Las Vegas N Blvd

      MOTEL
      4260 Las Vegas N Blvd, Las Vegas, NV 89115-1564
      View Details
    • Value Estimation
      $3,945,000
      41,913 SF

      4375 Craig Rd

      MOTEL
      4375 Craig Rd, Las Vegas, NV 89115-1805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,500 SF

      Las Vegas Industrial Investment Opportunity

      17,500 SF industrial building with stable, management-free income.
      4522 N Lamb Blvd, Las Vegas, NV 89115
      View Details
    • $925,000

      Turnkey Auto Shop with Lifts

      Auto shop with two bays and lifts included in sale.
      4300 North Pecos Rd, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      111,894 SF

      Premium Warehouse Condo in Las Vegas

      Class A warehouse condos in North Las Vegas for sale.
      2942 Lincoln Rd, Las Vegas, NV 89115
      View Details
    • $1,698,980

      Land Available on N Pecos

      Land for sale near N Pecos Road, Las Vegas.
      2294 N Pecos Rd, Las Vegas, NV 89115
      View Details
    • Contact for pricing

      Development Land in Speedway Submarket

      Land available in the highly sought-after Speedway Submarket.
      E Centennial & N Shatz St, North Las Vegas, NV 89115
      View Details
    • Contact for pricing

      Commercial Parcel Near Lake Mead

      2.48 acre commercial parcel with access points.
      N Walnut Rd, Las Vegas, NV 89115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on Pecos Road

      Retail shopping center with high visibility and convenient access.
      3523 N Pecos Rd, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      43,648 SF

      Industrial Warehouse Space Available

      46,080 SF warehouse space for lease in Las Vegas.
      3101 Marion Dr, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      5,067 SF

      North Las Vegas Flex Space

      Flex space available for rent in North Las Vegas.
      6959 Speedway Blvd, North Las Vegas, NV 89115
      View Details
    • Contact for pricing
      2,533 SF

      Industrial Space Available For Rent

      2,533 square feet industrial space for rent.
      6947 Speedway Blvd, North Las Vegas, NV 89115
      View Details
    • Contact for pricing
      13,673 SF

      North Las Vegas Industrial Space

      Industrial spaces available near I-15 and Las Vegas Strip.
      6925 Speedway Blvd, North Las Vegas, NV 89115
      View Details
    • Contact for pricing
      86,968 SF

      North Las Vegas Distribution Center

      Distribution center with quick I-15 access in North Las Vegas.
      N Lamb Blvd & Alto Ave, Las Vegas, NV 89115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4236 Las Vegas N Blvd
    Las Vegas, NV 89115-1564
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4236 Las Vegas N Blvd, Las Vegas, NV, 89115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!