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Property profile & analytics
OFF-MARKET
Estimated value
$18,805,000
Motels
5600 Boulder Hwy Las Vegas, NV 89122-7202
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0474370
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Construction
FRAME
Total area
210,330 SF
Lot
3.08 ac (134,165 SF)
APN
161-28-502-002
UPID
US62-0474370
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
-
Sportsman Royal Manor Apartment Building
-
THRASHxCORadios Radio Station Telecommunications Service
-
Royal Manor Ltd. Financial Advisor
-
Prty To Toyal Hotel & Motel
-
Las Vegas Fireworks Distributors Discount Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.81M
Owner & transaction history
Red Tail Hawk Holdings LLC · 3 yrs held
Red Tail Hawk Holdings LLC
since 2023
4 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%
$26,975,000
6.5%
$24,900,000
7%
$23,120,000
Blend value · Realmo final
$18.81M
Range $16.92M – $20.69M · ±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
$89 / 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
$187,660
Tax year 2023
Assessed value
$7,767,120
Assessed 2024
Previous assessed
$6,937,546
+12.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$469,578
Assessed improvement
$7,297,542
Land market value
$1,341,651
Improvement market value
$20,850,120
Total market value
$22,191,771
Applied tax rate
570.0000
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
1996
Construction
FRAME
Heating
HEAT PUMP
Buildings
4
Stories
3
Units
467
Total area
210,330 SF
Lot
3.08 ac (134,165 SF)
APN
161-28-502-002
UPID
US62-0474370
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
1996
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Buildings
4
Units
467
Lot
3.08 ac
Current owner
From public records · entity-resolved
Red Tail Hawk Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5600 BOULDER HWY, LAS VEGAS, NV 89122-7202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
—
Red Tail Hawk Holdings LLC
Sportsmans Royal Manor LLC
Bargain And Sale Deed
—
May 24, 2019
—
Sportsmans Royal Manor LLC
—
Loan Modification
related
$17,303,600 · Nevada St Bk
Dec 29, 1994
$775,000
Gary R Brennan
Davidson Trust
Grant Deed
$770,000 · Seller
Dec 7, 1992
$560,500
Davidson Family Trust
Unknown
Grant Deed
—
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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