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Property profile & analytics
OFF-MARKET
Estimated value
$93,000,000
High-rise multifamily apartments
7100 Grand Montecito Pkwy Las Vegas, NV 89149-0282
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0350426
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2008
Construction
FRAME
Total area
485,416 SF
Lot
5.91 ac (257,440 SF)
APN
125-20-510-002
UPID
US62-0350426
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
-
Romos Store Apartment Complex
-
SIXSIXER Advertising Agency Marketing & Advertising
-
Lofts at 7100 Apartments Apartment Complex Apartment Rental Agency
-
Tree Service Las Vegas Landscaping
-
RPJ Global Solutions Telecommunications Service Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$93.00M
CAP Approach
CAP
$79.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$93.00M
Owner & transaction history
7100 Grand Montecito Parkway Nv Own · 1 yrs held
7100 Grand Montecito Parkway Nv Own
since 2024
Last sale
$93.0M
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
$93,000,000
ML approach
$93,000,000
CAP Approach
CAP Return
Estimation
6%
$86,055,000
6.5%
$79,435,000
7%
$73,760,000
Blend value · Realmo final
$93.00M
Range $83.70M – $102.30M · ±10% · vs last sale $93.00M (Sep 27 2024)
Last sale anchor
$93.00M
Sep 27 2024
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
$192 / 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
$639,229
Tax year 2023
Assessed value
$30,080,052
Assessed 2024
Previous assessed
$28,147,457
+6.9% YoY
Effective rate
2.13%
On assessed value
Assessed land
$1,857,100
Assessed improvement
$28,222,952
Land market value
$5,306,000
Improvement market value
$80,637,006
Total market value
$85,943,006
Applied tax rate
200.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Units
379
Total area
485,416 SF
Lot
5.91 ac (257,440 SF)
APN
125-20-510-002
UPID
US62-0350426
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
2008
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Units
379
Lot
5.91 ac
Current owner
From public records · entity-resolved
7100 Grand Montecito Parkway Nv Own
Individual
Mailing address
701 PO BOX 3878TH AVE STE #5700, CHICAGO, IL 60690-3878
Ownership since
2024
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
Mar 11, 2026
—
7100 Grand Montecito Parkway Nv Own
—
Deed
related
$925,500,000 · Morgan Stanley Bank NA
Sep 27, 2024
$93,000,000
7100 Grand Montecito Parkway Nv Own
Sp Rga Lofts At 7100 LP
Bargain And Sale Deed
—
Oct 1, 2019
—
Sp & Rga Lofts At 7100 LP
—
Deed
related
$7,321,000 · Newmark Knight Frank
Sep 25, 2019
$80,000,000
Sp & Rga Lofts At 7100 LP
Pmrp I Gmp Montecito LLC
Grant Deed
$35,568,000 · Berkeley Point Cap
May 2, 2019
—
Pccp Gmp Montecito LLC
—
Deed
related
$12,420,000 · Newmark Knight Frank
Sep 22, 2016
—
Pccp Gmp Montecito LLC
Rcfc Montecito LLC
Grant Deed
related
—
Sep 27, 2013
$48,000,000
Rcfc Montecito LLC
Alta Montecito LP
Deed In Lieu Of Foreclosure
—
Dec 1, 2006
—
Alta Montecito
—
Trustees Deed
related
$4,246,940 · Trisail Capital Corp
Feb 7, 2005
$7,500,000
Alta Montecito
Montecito Pads LLC
Grant Deed
—
Aug 31, 2004
$17,750,000
Montecito Pads LLC
Mtc 118 INC
Grant Deed
$17,600,000 · Colonial Bank
—
—
Pccp Gmp Montecito LLC
—
Deed Of Trust
related
$12,420,000 · Newmark Knight Frank
—
—
Sp & Rga Lofts At 7100 LP
—
Deed Of Trust
related
$7,321,000 · Newmark Knight Frank
—
—
Rcfc Montecito LLC
—
Deed Of Trust
related
$35,568,000 · Berkeley Point Cap
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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