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Property profile & analytics
OFF-MARKET
Estimated value
$24,595,000
Hotels
4520 Paradise Rd Las Vegas, NV 89169-7111
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0288297
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
FRAME
Total area
126,182 SF
Lot
2.38 ac (103,673 SF)
APN
162-22-302-002
UPID
US62-0288297
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
-
Hyatt Place Las Vegas Hotel & Motel
-
Empire Auto Transport Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$24.60M
CAP Approach
CAP
$14.94M
Comparable Approach
Comparable
$33.89M
Blend (final)
Blend
$24.60M
Owner & transaction history
Greens Inv 6 LLC · 2 yrs held
Greens Inv 6 LLC
since 2024
Last sale
$24.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$38.2M
+13.6%
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
$24,595,000
ML approach
$24,595,000
CAP Approach
CAP Return
Estimation
6%
$16,185,000
6.5%
$14,940,000
7%
$13,870,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$33,655,000
Current use
OFFICE BUILDING
$38,210,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$24.60M
Range $22.14M – $27.05M · ±10% · vs last sale $24.60M (Jun 26 2024)
Last sale anchor
$24.60M
Jun 26 2024
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
$195 / 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
$168,433
Tax year 2023
Assessed value
$6,288,256
Assessed 2024
Previous assessed
$5,742,980
+9.5% YoY
Effective rate
2.68%
On assessed value
Assessed land
$1,201,900
Assessed improvement
$5,086,356
Land market value
$3,434,000
Improvement market value
$14,532,446
Total market value
$17,966,446
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
Off-Market
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
6
Units
202
Total area
126,182 SF
Lot
2.38 ac (103,673 SF)
APN
162-22-302-002
UPID
US62-0288297
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$33.7M
OFFICE BUILDING
Est. value
$38.2M
HOTEL/MOTEL Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
6
Units
202
Lot
2.38 ac
Current owner
From public records · entity-resolved
Greens Inv 6 LLC
Entity
Mailing address
11325 RANDOM HLS RD STE #360, FAIRFAX, VA 22030-0972
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
$24,596,000
Greens Inv 6 LLC
Hit Portfolio I Owner LLC
Special Warranty Deed
$16,412,500 · Wells Fargo Bank NA
Jun 26, 2024
—
Hit Portfolio I Owner LLC
Hit Portfolio I Owner LLC
Intrafamily Transfer
related
—
May 13, 2019
—
Hit Portfolio I Owner LLC
—
Deed
related
$870,000,000 · Jp Morgan Chase Bk
May 8, 2017
—
Hit Portfolio I Owner LLC
—
Deed
related
$805,000,000 · Deutsche Bk Ag
Mar 13, 2015
$19,020,478
Arc Hospitality Portfolio I Ow
W2007 Equity Inns Realty LLC
Grant Deed
—
Jan 3, 2011
—
W2007 Equity Inns Realty LLC
—
Deed Of Trust
related
$1,132,251,255 · General Electric Capital Corp
May 13, 2008
—
Equity Inns Junior Mezz W2007
W2007 Equity Inns Ptshp
Quit Claim Deed
related
—
Feb 1, 2008
—
W2007 Equity Inns Intermediate
W2007 Equity Inns Junior Mezz
Quit Claim Deed
—
Dec 1, 2000
—
Equity Inns Partnership
—
Deed Of Trust
related
$125,000,000 · Bank One NA Trustee
—
—
W2007 Equity Inns Realty LLC
—
Deed Of Trust
related
—
—
—
Hit Portfolio I Owner LLC
—
Deed Of Trust
related
$870,000,000 · Jp Morgan Chase Bk
—
—
W2007 Equity Inns Realty LLC
—
Deed Of Trust
related
$865,000 · German American Cap
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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