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Property profile & analytics
FOR SALE
Hotels
4381 W Flamingo Rd Las Vegas, NV 89103
Individually Owned
2-yr Hold
Property ID
US62-1138707
For Sale
1 / 10
$275,000
4381 W Flamingo Rd, Las Vegas, NV 89103
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
FRAME
Total area
292,236 SF
APN
162-19-511-600
UPID
US62-1138707
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
-
StripViewSuites at Palms Place Hotel & Motel
-
Palms Place Hotel and Spa (Free Parking) Hotel & Motel
-
Laguna Pool Swimming Pool Hardware & Home Improvement
-
DigiKai Marketing & Advertising Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Palms Place Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.57M
Owner & transaction history
Rodney Marvin Luck · 2 yrs held
Rodney Marvin Luck
since 2024
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%
$37,480,000
6.5%
$34,595,000
7%
$32,125,000
Blend value · Realmo final
$27.57M
Range $24.81M – $30.32M · ±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
$94 / 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
$84,860
Tax year 2023
Assessed value
$11,757,776
Assessed 2024
Previous assessed
$11,757,776
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$730,002
Assessed improvement
$11,027,774
Land market value
$2,085,720
Improvement market value
$31,507,926
Total market value
$33,593,646
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
2006
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
4
Total area
292,236 SF
APN
162-19-511-600
UPID
US62-1138707
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
2006
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
2
Current owner
From public records · entity-resolved
Rodney Marvin Luck
Individual
Mailing address
1177 HARBOUR CV CT, SPARKS, NV 89434-7856
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2024
—
Rodney Marvin Luck
Rodney M Luck
Intrafamily Transfer
related
—
Apr 16, 2020
—
Palms Place LLC
—
Deed
related
—
Apr 9, 2019
—
Palms Place LLC
—
Deed
related
$115,000 · Deutsche Bk Ag
Nov 20, 2017
—
Palms Place LLC
—
Deed
related
—
Jul 25, 2017
—
Palms Place LLC
—
Loan Modification
related
$250,000,000 · Deutsche Bk Ag Cayman Iss Br
Mar 1, 2017
—
Palms Place LLC
—
Loan Modification
related
—
Oct 3, 2016
—
Palms Place LLC
—
Deed
related
$2,410,000 · Deutsche Bk Ag Cayman Iss Br
Dec 3, 2012
—
Palms Place LLC
—
Deed Of Trust
related
$40,000,000 · Wells Fargo Gaming Cap LLC
Nov 30, 2011
—
Palms Place LLC
—
Deed Of Trust
related
$63,000,000 · Wells Fargo Gaming Capital LLC
Aug 11, 2010
—
Palms Place LLC
—
Deed Of Trust
related
$90,000,000 · Fiesta Palms LLC
Nov 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Palms Place LLC
—
Deed Of Trust
related
$115,000 · Deutsche Bk Ag
—
—
Palms Place LLC
—
Loan Modification
related
—
—
—
Palms Place LLC
—
Loan Modification
related
$100,000,000 · Wells Fargo Gaming Capital LLC
—
—
Palms Place LLC
—
Deed Of Trust
related
$2,410,000 · Deutsche Bk Ag Cayman Iss Br
—
—
Palms Place LLC
—
Loan Modification
related
$65,000,000 · Wells Fargo Gaming Cap 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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