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Property profile & analytics
OFF-MARKET
Motels
4350 Paradise Rd Las Vegas, NV 89169-6500
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0191916
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,296 SF
Lot
2.28 ac (99,317 SF)
APN
162-22-202-004
UPID
US62-0191916
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
-
Spectra Paradise Apartment Complex
-
Cambridge social services Association Or Organization
-
Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Prism Alexandra Paradise LP · 4 yrs held
Prism Alexandra Paradise LP
since 2022
Last sale
$22.5M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$58,036
Tax year 2023
Assessed value
$1,594,036
Assessed 2024
Previous assessed
$1,428,784
+11.6% YoY
Effective rate
3.64%
On assessed value
Assessed land
$730,100
Assessed improvement
$863,936
Land market value
$2,086,000
Improvement market value
$2,468,389
Total market value
$4,554,389
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
199
Total area
65,296 SF
Lot
2.28 ac (99,317 SF)
APN
162-22-202-004
UPID
US62-0191916
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
199
Lot
2.28 ac
Current owner
From public records · entity-resolved
Prism Alexandra Paradise LP
Entity
Mailing address
2828 BATHURST ST YORK ON 500TH XX
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
Ready Capital Subsidiary Reit I LLC
—
Deed
related
—
Mar 2, 2022
$22,500,000
Prism Alexandra Paradise LP
Paradise II Limited Liability Compa
Bargain And Sale Deed
$19,000,000 · Readycap Commercial LLC
Dec 31, 2008
—
J A Living Mckellar JR.
Paradise LLC
Grant Deed
—
Dec 29, 2004
—
Paradise Ltd Liability Co
—
Deed Of Trust
related
$7,400,000 · First Republic Bank
May 15, 2000
$4,600,000
Paradise LLC
James A Mckellar Trustee
Grant Deed
$5,084,000 · First Security Bank
—
—
Paradise LLC
—
Deed Of Trust
related
$6,350,000 · 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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