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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Motels
513 Park Paseo Las Vegas, NV 89104-1445
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-0726397
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,354 SF
Lot
1.64 ac (71,438 SF)
APN
162-03-106-001
UPID
US62-0726397
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
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.30M
Owner & transaction history
941 N Martel Ave LLC · 7 yrs held
941 N Martel Ave LLC
since 2019
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$79 / 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
$36,476
Tax year 2023
Assessed value
$1,910,122
Assessed 2024
Previous assessed
$1,633,970
+16.9% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,247,164
Assessed improvement
$662,958
Land market value
$3,563,326
Improvement market value
$1,894,166
Total market value
$5,457,492
Applied tax rate
203.0000
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
4
Stories
3
Units
48
Total area
16,354 SF
Lot
1.64 ac (71,438 SF)
APN
162-03-106-001
UPID
US62-0726397
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
4
Units
48
Lot
1.64 ac
Current owner
From public records · entity-resolved
941 N Martel Ave LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5722 SOTO ST L L C 9201ST WILSHIRE BLVD #202, BEVERLY HILLS, CA 90210
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2019
$3,044,865
941 N Martel Ave LLC
Lv/soto LLC
Grant Deed
—
Mar 21, 2019
—
5722 Soto Street LLC
—
Deed
related
$4,200,000 · Israel Discount Bk/ny
Mar 4, 2019
$6,000,000
Lv & Soto LLC
5722 Soto Street LLC
Grant Deed
—
Nov 1, 2018
—
5722 Soto Street LLC
Decar Ents LLC
Grant Deed
related
—
Oct 12, 2018
$6,000,000
5722 Soto Street LLC
Decar Ents LLC
Grant Deed
$1,307,000 · 162-166 Douglas LLC
Dec 31, 2012
$2,700,000
Decar Ents LLC
1201 S Las Vegas Blvd LLC
Grant Deed
$2,437,500 · Bank Of Nv
Apr 13, 2012
$70,384
Gorodezki,ilan
Jean White Realty INC
Grant Deed
—
Apr 13, 2012
$1,200,000
1201 S Las Vegas Blvd LLC
Las Vegas Blvd Of Geary Ff407 LLC
Trustees Deed
related
$1,360,000 · * Other Institutional Lenders
Feb 14, 2012
$10,000
Gorodezki,ilan
Green,catherine R
Grant Deed
—
Dec 21, 2011
$26,000
Gorodezki,ilan
Denaro,frank V
Grant Deed
—
Dec 12, 2011
$9,400
Gorodezki,ilan
Property Investment Corp
Grant Deed
—
Feb 16, 2011
$1,250,000
Las Vegas Blvd Of Geary Ff407 LLC
Nevada Title Co
Trustees Deed
—
Oct 26, 2010
$1,250,000
Vegas Blvd Of Geary Ff407 LLC
Nevada Title Co
Trustees Deed
—
Feb 24, 2010
—
Johnson,sterling
Johnson,m Arlene
Affidavit Of Death
related
—
Mar 1, 2005
$2,500,000
Big Heart City LLC
Strawser,david
Trustees Deed
$1,150,000 · American Commonwealth Mtg
—
—
5722 Soto Street LLC
—
Deed Of Trust
related
$4,200,000 · Israel Discount Bk/ny
—
—
Decar Ents LLC
—
Deed Of Trust
related
$2,505,000 · Mortgage Cap Dev
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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