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Property profile & analytics
OFF-MARKET
Estimated value
$19,640,000
Hotels
4955 Dean Martin Dr Las Vegas, NV 89118
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0277803
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
158,954 SF
Lot
4.57 ac (199,069 SF)
APN
162-29-101-041
UPID
US62-0277803
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.64M
Owner & transaction history
Lv Trop Partners LLC · 9 yrs held
Lv Trop Partners LLC
since 2016
5 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%
$20,385,000
6.5%
$18,820,000
7%
$17,475,000
Blend value · Realmo final
$19.64M
Range $17.68M – $21.60M · ±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
$124 / 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
$215,129
Tax year 2023
Assessed value
$9,251,850
Assessed 2024
Previous assessed
$8,463,434
+9.3% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,706,250
Assessed improvement
$7,545,600
Land market value
$4,875,000
Improvement market value
$21,558,857
Total market value
$26,433,857
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
6
Units
325
Total area
158,954 SF
Lot
4.57 ac (199,069 SF)
APN
162-29-101-041
UPID
US62-0277803
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
6
Buildings
3
Units
325
Lot
4.57 ac
Current owner
From public records · entity-resolved
Lv Trop Partners LLC
Entity
Mailing address
1030 HIGGINS RD STE #360, PARK RIDGE, IL 60068-5762
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2016
$28,900,000
Lv Trop Partners LLC
4955-75 South Industrial Road
Grant Deed
$25,475,000 · Barclays Bk/plc
Aug 10, 2010
$14,800,000
South Indl Road Holdi 4955-75
Ballard Spahr LLP
Trustees Deed
—
Apr 10, 1998
$2,250,000
Jackson-shaw/hi Las Vegas LP
Jackson-shaw Co
Grant Deed
related
$15,500,000 · First American Bank Texas Ssb
Sep 17, 1996
$2,609,000
Jackson-shaw Co
Kruger Trust
Grant Deed
$1,250,000 · Bank Of America Nevada Trustee
—
—
Jackson-shaw/hi Las Vegas LP
—
Deed Of Trust
related
$15,500,000 · First American Bank Ssb
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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