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Property profile & analytics
OFF-MARKET
Estimated value
$33,650,000
Apartment buildings
4505 Paradise Rd Las Vegas, NV 89169-7110
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0366014
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Lot
2.85 ac (124,146 SF)
APN
162-22-301-003
UPID
US62-0366014
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
-
Paradise Royale (with Self-Storage) Apartment Building Apartment Complex
-
Las Vegas Photography Pros Wedding Service Photography Service
-
Scott Xavier Corporate Mentalist & Hypnotist Theater & Performing Art Venue DJ & Entertainment
-
Ship Guy Auto Transport Trucking Company
-
Emergency Dentist Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.65M
Owner & transaction history
Maryland View LP · 4 yrs held
Maryland View LP
since 2021
Last sale
$32.0M
4 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
$36,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$33.65M
Range $30.29M – $37.02M · ±10% · vs last sale $32.00M (Nov 10 2021)
Last sale anchor
$32.00M
Nov 10 2021
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
—
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
$15,131
Tax year 2023
Assessed value
$945,350
Assessed 2024
Previous assessed
$868,700
+8.8% YoY
Effective rate
1.60%
On assessed value
Assessed land
$945,350
Land market value
$2,701,000
Total market value
$2,701,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Heating
NONE
Lot
2.85 ac (124,146 SF)
APN
162-22-301-003
UPID
US62-0366014
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
1973
Heating
NONE
Lot
2.85 ac
Current owner
From public records · entity-resolved
Maryland View LP
Entity
Mailing address
888 S FIGUEROA ST STE #1900, LOS ANGELES, CA 90017-5324
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
$32,000,100
Maryland View LP
Dream World Ltd Apts
Bargain And Sale Deed
$21,200,000 · Key Bank NA
Apr 21, 2017
—
Dreamworld Ltd Apts LP
Dreamworld Ltd Apts LP
Quit Claim Deed
related
—
—
—
Dreamworld Ltd Apts LP
—
Loan Modification
related
$1,355,027 · Alex & Pamela Sugden
—
—
Dreamworld Apartments
—
Deed Of Trust
related
$2,033,000 · Conway Stuart & Woodbury
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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