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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Motels
5330 Craig Rd Las Vegas, NV 89115-2215
Trust Owned
7-yr Hold
Free & Clear
Property ID
US62-1284192
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Construction
FRAME
Total area
20,800 SF
Lot
2.29 ac (99,752 SF)
APN
140-04-201-009
UPID
US62-1284192
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
-
Las Vegas Soulfood Restaurant
-
Aviation Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Patel,b Separate Prop Trust · 7 yrs held
Patel,b Separate Prop Trust
since 2018
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%
$2,655,000
6.5%
$2,450,000
7%
$2,275,000
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$94 / 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
$13,876
Tax year 2023
Assessed value
$558,193
Assessed 2024
Previous assessed
$524,223
+6.5% YoY
Effective rate
2.49%
On assessed value
Assessed land
$261,849
Assessed improvement
$296,344
Land market value
$748,140
Improvement market value
$846,697
Total market value
$1,594,837
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
1974
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
55
Total area
20,800 SF
Lot
2.29 ac (99,752 SF)
APN
140-04-201-009
UPID
US62-1284192
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
1974
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
55
Lot
2.29 ac
Current owner
From public records · entity-resolved
Patel,b Separate Prop Trust
Trust
Free & Clear · 7 yrs held
Mailing address
255 S RENO ST, LOS ANGELES, CA 90057-1111
Ownership since
2018
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
Sep 25, 2018
$2,460,000
Patel,b Separate Prop Trust
Bh-nv Aviation Inn Las Vegas L
Grant Deed
—
Jun 20, 2016
$24,653
Bh-nv Aviation Inn Las Vegas L
Tax Receiver Of Clark County
Tax Deed
—
Aug 1, 2014
$1,500,000
Bh-nv Aviation Inn Las Vegas
Red Hotel Group LLC
Grant Deed
$1,000,000 · Sackley Family Trust (pt)
Jul 10, 2012
—
Red Hotel Group LLC
Aviation Inn LLC
Grant Deed
related
—
Sep 30, 2010
$950,000
Aviation Inn LLC
Coastline Re Holdings Corp
Grant Deed
—
Jul 2, 2010
$781,000
Coastline Re Holdings Corp
Refs INC
Trustees Deed
related
—
Apr 15, 2004
$2,500,000
Golden Investments
Marina Lv Investment Group
Grant Deed
$1,203,600 · Community National Bank
Apr 22, 1998
$2,500,000
Marina Beach Investment Group
Brown Trust
Trustees Deed
$1,000,000 · Zions First National Bank
May 18, 1992
$2,050,000
Harold L Brown
Unknown
Grant Deed
—
—
—
Marina Beach Investment Group
—
Deed Of Trust
related
$1,000,000 · Commerce Loan Co Ado Bk Of Com
—
—
Aviation Inn LLC
—
Deed Of Trust
related
$1,275,000 · Sackley Family Trust
—
—
Golden Investments
—
Deed Of Trust
related
$815,000 · New Ventures Capital Dev Co
—
—
Golden Investments
—
Deed Of Trust
related
$759,000 · Community National 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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