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    4970 Paradise Rd Las Vegas, NV 89119-1206
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    Property profile & analytics

    4970 Paradise Rd, Las Vegas, NV 89119-1206

    View on Map
    • Motels
    • 43,725 SF
    • 1.86 lot acres
    Off-Market
    Property ID
    US62-0172069
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,885,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Las Vegas Airport Parking / Parking Lot & Garage
    • Best Western McCarran Inn / Hotel & Motel
    • OneStopParking / Parking Lot & Garage
    • Smuve Skincare Studio / Medical Clinic / Skin Care Clinic
    • ChargerGoGo / Telecommunications Service

    Property Details for 4970 Paradise Rd

    Year built
    1979
    Construction
    FRAME
    Lot size
    1.86 lot acres
    Property type
    Motels
    APN
    162-27-110-004
    APU
    16227110004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 18, 2019 — Reno Subdivision One LLC — Deed · related $850k · Frias Shopping Center LLC
    Jul 12, 2017 — Grateful Hearts Investment LLC — Deed · related $3.9M · East West Bk
    Jun 23, 2017 — Alamo Holdings LLC Alamo Holdings LLC Intrafamily Transfer · related —
    Aug 24, 2015 $570,000 Grateful Hearts Investment LLC Hope Shines Bright Holding Co Grant Deed · related —
    Aug 24, 2015 — St Judes Ranch For Children Stephens,lucille Affidavit Of Death · related —
    Nov 21, 2011 — Hope Shines Bright Holding Co St Judes Ranch Of Children INC Quit Claim Deed · related —
    Jun 18, 2010 $6,197,611 Alamo Holdings LLC Grateful Hearts Investment LLC Grant Deed · related —
    Jan 2, 2009 — Owner Name Unavailable Owner Name Unavailable Quit Claim Deed · related —
    Aug 26, 2008 — Hanson-mckenzie LLC Hanson Family Quit Claim Deed · related —
    Nov 6, 2002 $2,595,160 St Judes Ranch For Children Bair,tr Grant Deed —
    Jun 27, 2000 — Jack Hanson Stevens,lorna Grant Deed · related —
    — — Reno Subdivision One LLC — Deed Of Trust · related $850k · Frias Shopping Center LLC
    — — Kennedy Trust — Deed Of Trust · related $3.5M · Mccarran Inn Associates
    — — Grateful Hearts Investment LLC — Deed Of Trust · related $3.9M · East West Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,610,000
      6.5%
      $5,175,000
      7%
      $4,805,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.149
    Latitude
    36.0998
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,445
    $404,097
    $742,334
    $1,146,431
    -
    $1,154,563
    $2,120,954
    $3,275,517

    Comparable in this City

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      5,643 SF

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    • Value Estimation
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      21,785 SF

      4605 Las Vegas S Blvd

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    • Value Estimation
      $2,900,000
      33,352 SF

      5100 Paradise Rd

      MOTEL
      5100 Paradise Rd, Las Vegas, NV 89119-1217
      View Details
    • Value Estimation
      $810,000
      4.68 Acres

      5051 Las Vegas S Blvd

      MOTEL
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      View Details
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      47,628 SF

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      MOTEL
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      View Details
    • Value Estimation
      $8,335,000
      114,884 SF

      6840 Gilespie St

      MOTEL
      6840 Gilespie St, Las Vegas, NV 89119
      View Details

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    Las Vegas, NV 89119-1206
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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