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Property profile & analytics
OFF-MARKET
Estimated value
$18,015,000
Motels
4975 Polaris Ave Las Vegas, NV 89118
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0452400
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
FRAME
Total area
194,028 SF
Lot
2.31 ac (100,624 SF)
APN
162-29-101-016
UPID
US62-0452400
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
-
Heating and Air Conditioning Las Vegas HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.02M
Owner & transaction history
State Of Nevada · 4 yrs held
State Of Nevada
since 2022
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%
$24,885,000
6.5%
$22,970,000
7%
$21,330,000
Blend value · Realmo final
$18.02M
Range $16.21M – $19.82M · ±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
$93 / 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
$198,503
Tax year 2023
Assessed value
$7,568,396
Assessed 2024
Previous assessed
$6,768,287
+11.8% YoY
Effective rate
2.62%
On assessed value
Assessed land
$686,000
Assessed improvement
$6,882,396
Land market value
$1,960,000
Improvement market value
$19,663,989
Total market value
$21,623,989
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Buildings
3
Stories
3
Units
486
Total area
194,028 SF
Lot
2.31 ac (100,624 SF)
APN
162-29-101-016
UPID
US62-0452400
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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Buildings
3
Units
486
Lot
2.31 ac
Current owner
From public records · entity-resolved
State Of Nevada
Individual
Free & Clear · 4 yrs held
Mailing address
4640 S EASTERN AVE, LAS VEGAS, NV 89119-6135
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
—
State Of Nevada
Budget Suites Of America LLC
Deed
—
Apr 2, 2020
—
Budget Suites Amer LLC
—
Deed
related
$355,000 · Us Bank NA
Dec 16, 2016
—
Budget Suites Of America LLC
—
Deed
related
$280,000,000 · Us Bank NA
Dec 18, 2012
—
Budget Suites Of America LLC Nv-4
—
Deed Of Trust
related
$230,000,000 · Us Bank NA
Jan 17, 2008
—
Budget Suites Of America LLC Nv-4
—
Deed Of Trust
related
$14,700,000 · Bank Of America
Jan 14, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 25, 1996
$3,750,000
Sun Harbor Budget Suites LLC
Classic Raceways INC
Grant Deed
related
$17,000,000 · First Security Bank Utah Ttee
Sep 4, 1992
$750,000
Classic Raceways INC
Unknown
Grant Deed
related
$562,500 · Boothe Ferris F Tr E
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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