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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Motels
5100 Paradise Rd Las Vegas, NV 89119-1217
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0174125
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1980
Construction
STEEL FRAME
Total area
33,352 SF
Lot
1.86 ac (81,022 SF)
APN
162-27-202-001
UPID
US62-0174125
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
-
Rent a Car Paradis | ClavisCar Car Rental Facility
-
Car Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Clark County Dept Of Aviation · 15 yrs held
Clark County Dept Of Aviation
since 2010
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%
$4,275,000
6.5%
$3,950,000
7%
$3,665,000
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±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
$87 / 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
Assessed value
$404,097
Assessed 2024
Previous assessed
$368,650
+9.6% YoY
Assessed land
$404,097
Land market value
$1,154,563
Total market value
$1,154,563
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
80
Total area
33,352 SF
Lot
1.86 ac (81,022 SF)
APN
162-27-202-001
UPID
US62-0174125
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
80
Lot
1.86 ac
Current owner
From public records · entity-resolved
Clark County Dept Of Aviation
Entity
Mailing address
PO BOX 11005, LAS VEGAS, NV 89111-1005
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2010
—
Clark County Dept Of Aviation
City Natl Bk
Grant Deed
related
—
Feb 26, 2010
$5,083,000
City Natl Bk
Refs INC
Trustees Deed
related
—
Sep 15, 2004
—
Airport Inn Lasvegas
Owner Name Unavailable
Grant Deed
related
$7,442,500 · Business Bank Of Nevada
Dec 22, 2003
—
Airport Inn
—
Deed Of Trust
related
$3,200,000 · Tarsadia Hotels
Jun 13, 2000
$5,450,000
Snr Las Vegas Holdings LLC
Viva Las Vegas LLC
Grant Deed
related
$3,300,000 · California Chohung Bank
Dec 22, 1994
$4,800,000
Viva Las Vegas LLC
Chrysler First Business Credit
Grant Deed
related
$4,000,000 · Chrysler First Business Credit
Jul 8, 1992
$550,000
First Business Credit Chrysler
Unknown
Grant Deed
related
—
—
—
Snr Las Vegas Holdings Ll
—
Deed Of Trust
related
$650,000 · California Chohung Bank
—
—
Airport Inn Of Las Vegas
—
Deed Of Trust
related
$1,000,000 · Gemma Spagnoli
—
—
Airport Inn Of Las Vegas
—
Deed Of Trust
related
$300,000 · Desert Community Bank
—
—
Airport Inn Of Las Vegas
—
Deed Of Trust
related
$777,000 · Valley Bank
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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