Las Vegas cost segregation examples

5 representative Las Vegas-area properties run through the Cost Seg Smart engine. These aren't hypothetical, every number below comes from the same engine that produces real customer studies.

Summary table

Example Price Reclass % Y1 fed savings @ 37% Land % Recon band
Summerlin Master-Planned STR
Summerlin (master-planned) · SFR · STR
$625,000 26.9% $49,601 20.3% A
Henderson Anthem SFR STR
Henderson (Green Valley / Anthem) · SFR · STR
$485,000 24.8% $34,454 22.6% A_low
Spring Valley STR Conversion
The Lakes / Spring Valley (Las Vegas) · SFR · STR
$525,000 25.1% $38,536 20.8% A
Centennial Hills SFR BRRRR
Centennial Hills / North Las Vegas (suburban) · SFR
$385,000 16.7% $18,451 22.4% A_low
MacDonald Highlands Ultra-Luxury STR
MacDonald Highlands / Lake Las Vegas (Henderson luxury) · SFR · STR
$1,850,000 27.2% $141,566 24.0% A

"Recon band" reflects the engine's reconciliation factor (rf_raw): A = clean fit between component-bottom-up sum and depreciable basis; D = high cost-of-construction-vs-purchase ratio, premium land floor applied.

Summerlin Master-Planned STR

Summerlin (master-planned) · SFR (short-term rental) · Built 2014 · 2400 sqft

$49,601
Year-1 federal savings @ 37%, 100% bonus
26.9%
5/7/15-yr reclass as % of depreciable basis
$497,938
Depreciable basis (20.3% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$101,18020.3%
7-year personal property (office equipment, certain agricultural)$2,4770.5%
15-year land improvements (paving, landscaping, fencing, site lighting)$30,4016.1%
Total accelerated$134,05826.9%
27.5-Year Residential Real Property structure (39yr commercial)$363,88073.1%

Land allocation note

For this fixture, the engine used 20.3% land allocation from source: statistical. This is the statistical fallback when reliable county assessor data wasn't available or didn't pass the reliability gate. Estimate comes from the metro → state → national land-ratio hierarchy.

Reconciliation

The engine computed a reconciliation factor (rf_raw) of 0.9672 (A band). Geographic factor: 0.92 (metro_calibrated resolver).

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Henderson Anthem SFR STR

Henderson (Green Valley / Anthem) · SFR (short-term rental) · Built 2008 · 2200 sqft

$34,454
Year-1 federal savings @ 37%, 100% bonus
24.8%
5/7/15-yr reclass as % of depreciable basis
$375,584
Depreciable basis (22.6% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$67,47918.0%
7-year personal property (office equipment, certain agricultural)$1,7570.5%
15-year land improvements (paving, landscaping, fencing, site lighting)$23,8826.4%
Total accelerated$93,11824.8%
27.5-Year Residential Real Property structure (39yr commercial)$282,46675.2%

Land allocation note

For this fixture, the engine used 22.6% land allocation from source: statistical. This is the statistical fallback when reliable county assessor data wasn't available or didn't pass the reliability gate. Estimate comes from the metro → state → national land-ratio hierarchy.

Reconciliation

The engine computed a reconciliation factor (rf_raw) of 0.7008 (A_low band). Geographic factor: 1.02 (state resolver).

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Spring Valley STR Conversion

The Lakes / Spring Valley (Las Vegas) · SFR (short-term rental) · Built 1998 · 2100 sqft

$38,536
Year-1 federal savings @ 37%, 100% bonus
25.1%
5/7/15-yr reclass as % of depreciable basis
$415,748
Depreciable basis (20.8% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$75,71518.2%
7-year personal property (office equipment, certain agricultural)$1,8830.5%
15-year land improvements (paving, landscaping, fencing, site lighting)$26,5536.4%
Total accelerated$104,15125.1%
27.5-Year Residential Real Property structure (39yr commercial)$311,59774.9%

Land allocation note

For this fixture, the engine used 20.8% land allocation from source: statistical. This is the statistical fallback when reliable county assessor data wasn't available or didn't pass the reliability gate. Estimate comes from the metro → state → national land-ratio hierarchy.

Reconciliation

The engine computed a reconciliation factor (rf_raw) of 0.9104 (A band). Geographic factor: 0.92 (metro_calibrated resolver).

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Centennial Hills SFR BRRRR

Centennial Hills / North Las Vegas (suburban) · SFR (long-term rental) · Built 2005 · 2000 sqft

$18,451
Year-1 federal savings @ 37%, 100% bonus
16.7%
5/7/15-yr reclass as % of depreciable basis
$298,760
Depreciable basis (22.4% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$30,57510.2%
7-year personal property (office equipment, certain agricultural)$00.0%
15-year land improvements (paving, landscaping, fencing, site lighting)$19,2926.5%
Total accelerated$49,86716.7%
27.5-Year Residential Real Property structure (39yr commercial)$248,89383.3%

Land allocation note

For this fixture, the engine used 22.4% land allocation from source: statistical. This is the statistical fallback when reliable county assessor data wasn't available or didn't pass the reliability gate. Estimate comes from the metro → state → national land-ratio hierarchy.

Reconciliation

The engine computed a reconciliation factor (rf_raw) of 0.783 (A_low band). Geographic factor: 0.92 (metro_calibrated resolver).

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MacDonald Highlands Ultra-Luxury STR

MacDonald Highlands / Lake Las Vegas (Henderson luxury) · SFR (short-term rental) · Built 2015 · 4200 sqft

$141,566
Year-1 federal savings @ 37%, 100% bonus
27.2%
5/7/15-yr reclass as % of depreciable basis
$1,406,555
Depreciable basis (24.0% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$286,11320.3%
7-year personal property (office equipment, certain agricultural)$7,9320.6%
15-year land improvements (paving, landscaping, fencing, site lighting)$88,5656.3%
Total accelerated$382,61027.2%
27.5-Year Residential Real Property structure (39yr commercial)$1,023,94572.8%

Land allocation note

For this fixture, the engine used 24.0% land allocation from source: statistical. This is the statistical fallback when reliable county assessor data wasn't available or didn't pass the reliability gate. Estimate comes from the metro → state → national land-ratio hierarchy.

Reconciliation

The engine computed a reconciliation factor (rf_raw) of 1.2229 (A band). Geographic factor: 1.02 (state resolver).

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