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Property profile & analytics
OFF-MARKET
Estimated value
$9,040,000
Hotels
5775 Dean Martin Dr Las Vegas, NV 89118-3192
Entity Owned
13-yr Hold
Free & Clear
Property ID
US62-0284077
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
FRAME
Total area
71,516 SF
Lot
2.74 ac (119,354 SF)
APN
162-32-111-011
UPID
US62-0284077
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
-
Fairfield Inn & Suites Las Vegas Stadium Area Hotel & Motel
-
SP+ Parking Parking Lot & Garage
-
5775 Dean Martin Drive Parking Parking Lot & Garage
-
Bounce Luggage Storage - Near Allegiant Stadium Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.04M
Owner & transaction history
W2005 Fargo Hotels Realty LP · 13 yrs held
W2005 Fargo Hotels Realty LP
since 2013
6 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%
$9,170,000
6.5%
$8,465,000
7%
$7,860,000
Blend value · Realmo final
$9.04M
Range $8.14M – $9.94M · ±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
$126 / 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
$101,610
Tax year 2023
Assessed value
$4,239,310
Assessed 2024
Previous assessed
$3,848,448
+10.2% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,253,217
Assessed improvement
$2,986,093
Land market value
$3,580,620
Improvement market value
$8,531,694
Total market value
$12,112,314
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
YES
Stories
4
Units
142
Total area
71,516 SF
Lot
2.74 ac (119,354 SF)
APN
162-32-111-011
UPID
US62-0284077
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
2004
Construction
FRAME
Heating
YES
Stories
4
Units
142
Lot
2.74 ac
Current owner
From public records · entity-resolved
W2005 Fargo Hotels Realty LP
Entity
Free & Clear · 13 yrs held
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
W2005fargo Hotels Pool A Realty LP
—
Deed
related
$794,000,000 · German American Capital Corporation
Nov 13, 2017
—
W2005/fargo Hotels Pool A Re
—
Deed
related
$960,000,000 · Jp Morgan Chase Bk
Jun 4, 2013
$2,985,894
W2005 Fargo Hotels Realty LP
Heritage Asset Management INC
Bargain And Sale Deed
—
May 31, 2011
—
Fargo Hotels Pool A Real W2005
—
Deed Of Trust
related
$725,000,000 · German American Capital Corp
Feb 3, 2005
—
Heritage Asset Management INC
Tharaldson Asset Management INC
Bargain And Sale Deed
—
Feb 2, 2004
—
Tharaldson Asset Management
Heritage Inn Of Bloomington
Quit Claim Deed
related
$6,100,000 · Commerce Bank NA
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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