New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Motels
5011 Craig Rd Las Vegas, NV 89115-2250
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0844937
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
FRAME
Total area
70,930 SF
Lot
3.61 ac (157,252 SF)
APN
140-05-703-010
UPID
US62-0844937
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
-
Pest Control Las Vegas Hardware & Home Improvement
-
Zion 2022 Hotel & Motel
-
Siegel Slots & Suites Vacation Rental
-
Zyng Technologies Financial Services & Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.27M
Owner & transaction history
Barcelona Lv Holdings LLC · 4 yrs held
Barcelona Lv Holdings LLC
since 2021
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%
$9,045,000
6.5%
$8,350,000
7%
$7,755,000
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±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
$88 / 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
$42,128
Tax year 2023
Assessed value
$2,225,402
Assessed 2024
Previous assessed
$2,016,368
+10.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$522,863
Assessed improvement
$1,702,539
Land market value
$1,493,894
Improvement market value
$4,864,397
Total market value
$6,358,291
Applied tax rate
340.0000
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
1985
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Units
175
Total area
70,930 SF
Lot
3.61 ac (157,252 SF)
APN
140-05-703-010
UPID
US62-0844937
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
1985
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Units
175
Lot
3.61 ac
Current owner
From public records · entity-resolved
Barcelona Lv Holdings LLC
Entity
Mailing address
3790 PARADISE RD STE #250, LAS VEGAS, NV 89169-4640
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Barcelona Lv Holdings LLC
—
Deed
related
$3,500,000 · Western Alliance Bank
Mar 19, 2020
—
Barcelona Living Holdings LLC
—
Deed
related
$4,800,000 · Western Alliance Bk
Mar 18, 2020
—
Barcelona Living Holdings LLC
—
Deed
related
$4,450,000 · Western Alliance Bk
Jun 28, 2018
—
Barcelona Living Holdings LLC
—
Deed
related
$4,450,000 · Western Alliance Bk
—
—
Barcelona Living Holdings LLC
—
Deed Of Trust
related
$4,800,000 · Western Alliance Bk
—
—
Barcelona Living Holdings LLC
—
Loan Modification
related
$4,450,000 · Western Alliance Bk
—
—
Barcelona Living Holdings LLC
—
Loan Modification
related
$4,450,000 · Western Alliance Bk
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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