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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Motels
5230 Craig Rd Las Vegas, NV 89115-2257
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US62-0058582
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Construction
FRAME
Total area
50,744 SF
Lot
3.9 ac (169,884 SF)
APN
140-04-201-003
UPID
US62-0058582
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
-
Memories Incorporated Film Production Television Studio
-
Siegel Suites Craig Indoor Lodging Apartment Building
-
Zyng Technologies Financial Services & Bitcoin ATM Bank Credit Union
-
Girl code cosmetics Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
Craig Lv Holdings LLC · 13 yrs held
Craig Lv Holdings LLC
since 2013
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%
$6,470,000
6.5%
$5,975,000
7%
$5,545,000
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±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
$90 / 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
$39,294
Tax year 2023
Assessed value
$1,630,891
Assessed 2024
Previous assessed
$1,493,599
+9.2% YoY
Effective rate
2.41%
On assessed value
Assessed land
$445,946
Assessed improvement
$1,184,945
Land market value
$1,274,131
Improvement market value
$3,385,557
Total market value
$4,659,688
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
1984
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
125
Total area
50,744 SF
Lot
3.9 ac (169,884 SF)
APN
140-04-201-003
UPID
US62-0058582
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
1984
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
125
Lot
3.9 ac
Current owner
From public records · entity-resolved
Craig Lv Holdings LLC
Entity
Mailing address
3790 PARADISE RD STE #250, LAS VEGAS, NV 89169-4640
Ownership since
2013
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
Mar 22, 2022
—
Craig Lv Holdings LLC
—
Deed
related
$13,000,000 · Washington Federal Bank
Jun 3, 2013
$3,300,000
Craig Lv Holdings LLC
Craig Suites LLC
Grant Deed
related
$6,800,000 · Artemis Realty Cap Advisors Ll
May 14, 2013
$3,300,000
Craig Lv Holdings LLC
Craig Suites LLC
Grant Deed
related
—
May 15, 2006
$5,725,000
Craig Suites LLC
Trans-aero Land & Dev
Grant Deed
$4,580,000 · First Regional Bank
May 15, 2006
—
Trans-aero Land & Dev Co
Buckley Trust
Quit Claim Deed
related
—
—
—
Craig Lv Holdings LLC
—
Deed Of Trust
related
$2,600,000 · Meadows Bk
—
—
Craig Suites LLC
—
Deed Of Trust
related
$6,000,000 · First Republic 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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