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Property profile & analytics
OFF-MARKET
Estimated value
$3,595,000
Motels
5201 Dean Martin Dr Las Vegas, NV 89118-1707
Entity Owned
10-yr Hold
Free & Clear
Property ID
US62-0030422
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1980
Construction
FRAME
Total area
36,604 SF
Lot
2.2 ac (95,832 SF)
APN
162-29-205-002
UPID
US62-0030422
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
-
Hotel Galaxy Hotel & Motel
-
NASTY PRODUCTIONS INCORPORATED Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
Fragrant Spruce LLC · 10 yrs held
Fragrant Spruce LLC
since 2015
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%
$4,695,000
6.5%
$4,335,000
7%
$4,025,000
Blend value · Realmo final
$3.60M
Range $3.24M – $3.95M · ±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
$98 / 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
$29,734
Tax year 2023
Assessed value
$1,438,701
Assessed 2024
Previous assessed
$1,313,729
+9.5% YoY
Effective rate
2.07%
On assessed value
Assessed land
$806,400
Assessed improvement
$632,301
Land market value
$2,304,000
Improvement market value
$1,806,574
Total market value
$4,110,574
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
FRAME
Heating
HEAT PUMP
Stories
1
Units
128
Total area
36,604 SF
Lot
2.2 ac (95,832 SF)
APN
162-29-205-002
UPID
US62-0030422
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
FRAME
Heating
HEAT PUMP
Stories
1
Units
128
Lot
2.2 ac
Current owner
From public records · entity-resolved
Fragrant Spruce LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3091 COLLEGE ST, BEAUMONT, TX 77701-4607
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2015
$4,865,000
Fragrant Spruce LLC
Pandion Investment LLC
Bargain And Sale Deed
—
Aug 31, 2015
—
Pandion Investments LLC
Marin Cnty Exchange
Grant Deed
related
—
Dec 15, 2014
$5,375,000
Marin County Exchange Corp
Pandion Investments LLC
Grant Deed
—
Sep 20, 2011
$2,350,000
Pandion Investments LLC
Mountain America FCU
Grant Deed
$1,762,500 · Mountain America Cu
Oct 11, 2010
$3,650,000
America FCU Mountain
Nevada Title Co
Trustees Deed
related
—
Jan 19, 2010
—
David Lapin LP
Kubrak,michael
Grant Deed
related
—
Oct 26, 2009
—
Michael Kubrak
David Lapin
Grant Deed
related
—
Aug 18, 2005
—
David Lapin
Good Nite Inn Las Vegas LLC
Grant Deed
—
Feb 27, 2002
$2,309,200
Avon Investment LLC
Good Nite Inn Las Vegas LLC
Grant Deed
—
Jun 26, 1998
$3,495,000
Good Nite Inns Las Vegas LLC
Las Vegas Motels Ltd
Grant Deed
related
$2,765,000 · First Union National Bank
—
—
Realty Prestige
—
Deed Of Trust
related
$2,000,000 · Loa Investments LLC
—
—
David Lapin
—
Deed Of Trust
related
$7,000,000 · Fastener Universal INC
—
—
Good Nite Inn Las Vegas LLC
—
Deed Of Trust
related
$1,500,000 · Everblue Techonologies
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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