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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Assisted living facilities
4255 Spencer St Las Vegas, NV 89119-5545
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-1184628
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1974
Construction
FRAME
Total area
43,644 SF
Lot
1.45 ac (63,162 SF)
APN
162-23-103-016
UPID
US62-1184628
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
-
sterlng ridge Apartment Building
-
Sterling Ridge Senior Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$685k
Owner & transaction history
Re II Senior III LLC · 7 yrs held
Re II Senior III LLC
since 2019
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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$16 / 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
$27,747
Tax year 2023
Assessed value
$1,809,671
Assessed 2024
Previous assessed
$1,631,044
+11.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$367,500
Assessed improvement
$1,442,171
Land market value
$1,050,000
Improvement market value
$4,120,489
Total market value
$5,170,489
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Units
122
Total area
43,644 SF
Lot
1.45 ac (63,162 SF)
APN
162-23-103-016
UPID
US62-1184628
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
1974
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Units
122
Lot
1.45 ac
Current owner
From public records · entity-resolved
Re II Senior III LLC
Entity
Mailing address
1780 S BELLAIRE ST STE #800, DENVER, CO 80222-4332
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2019
$10,800,000
Re II Senior III LLC
Sterling Sc Seven LLC
Bargain And Sale Deed
$11,700,000 · Western Alliance Bank
Oct 1, 2013
$1,755,000
Sterling Sv Seven LLC
Willamette Capital Mgmt Ltd
Grant Deed
$2,500,000 · Willamette Capital Mgmt Ltd
Oct 5, 2010
$880,000
Willamette Capital Mgmt Ltd
Arei Spencer 1 LLC
Deed In Lieu Of Foreclosure
related
—
Apr 30, 2008
$6,062
Oak Hill Senior Living LLC
Spencer Capital Resources LLC
Warranty Deed
$630,000 · Oak Hill Senior Living LLC
Nov 18, 2005
$1,323,282
Arei Spencer 13 LLC
Spencer Capital Resources LLC
Grant Deed
—
Jul 31, 2001
$4,350,000
B R Spencer Street Pro Ll
Ameripark Vegas Spencer Corp
Grant Deed
$4,300,000 · Gmac Commercial Mortgage Corp
Jan 21, 1998
$5,295,000
Ameripark Vegas Spencer Corp
Spencer Retirement Group LP
Grant Deed
related
$34,520,000 · Gmac Commercial Mortgage Corp
Feb 28, 1996
$1,910,000
Spencer Retirement Group LP
Milot,leon H & Mary T
Trustees Deed
—
Feb 28, 1996
—
Spencer Retirement Group LP
Camlu Phoenix Ltd
Trustees Deed
related
—
Mar 17, 1995
$210,000
Campbell,carl W & Betty F
Camlu-las Vegas Partnership
Trustees Deed
—
Mar 17, 1995
—
Milot,leon H & Mary T
Campbell,carl W & Betty F
Trustees Deed
related
—
Jul 29, 1994
$1,636,000
Evergreen Exchange Corp
Ciuffo,sadie
Trustees Deed
$896,000 · Hart Medical Investo
Jul 29, 1994
—
Camlu-las Vegas Partnership
Evergreen Exchan
Trustees Deed
related
—
—
—
Sterling Sc Seven LLC
—
Deed Of Trust
related
$2,750,000 · Spencer Street Capital LLC
—
—
Arei Spencer 1 LLC
—
Deed Of Trust
related
$880,000 · Yosemite Mtg Fund II LLC
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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