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 24.7% $44,500 22.0% A
Henderson Anthem SFR STR
Henderson (Green Valley / Anthem) · SFR · STR
$485,000 24.0% $33,593 22.0% A_low
Spring Valley STR Conversion
The Lakes / Spring Valley (Las Vegas) · SFR · STR
$525,000 24.9% $37,784 22.0% A
Centennial Hills SFR BRRRR
Centennial Hills / North Las Vegas (suburban) · SFR
$385,000 12.0% $13,290 22.0% A
MacDonald Highlands Ultra-Luxury STR
MacDonald Highlands / Lake Las Vegas (Henderson luxury) · SFR · STR
$1,850,000 21.5% $114,171 22.4% B

"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

$44,500
Year-1 federal savings @ 37%, 100% bonus
24.7%
5/7/15-yr reclass as % of depreciable basis
$487,500
Depreciable basis (22.0% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$88,45218.1%
7-year personal property (office equipment, certain agricultural)$2,3000.5%
15-year land improvements (paving, landscaping, fencing, site lighting)$29,5186.1%
Total accelerated$120,27024.7%
27.5-Year Residential Real Property structure (39yr commercial)$367,23075.3%

Land allocation note

For this fixture, the engine used 22.0% 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 0.9995 (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

$33,593
Year-1 federal savings @ 37%, 100% bonus
24.0%
5/7/15-yr reclass as % of depreciable basis
$378,300
Depreciable basis (22.0% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$77,73920.5%
7-year personal property (office equipment, certain agricultural)$2,0330.5%
15-year land improvements (paving, landscaping, fencing, site lighting)$11,0212.9%
Total accelerated$90,79324.0%
27.5-Year Residential Real Property structure (39yr commercial)$287,50776.0%

Land allocation note

For this fixture, the engine used 22.0% 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 0.8129 (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

$37,784
Year-1 federal savings @ 37%, 100% bonus
24.9%
5/7/15-yr reclass as % of depreciable basis
$409,500
Depreciable basis (22.0% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$75,04218.3%
7-year personal property (office equipment, certain agricultural)$1,8240.4%
15-year land improvements (paving, landscaping, fencing, site lighting)$25,2526.2%
Total accelerated$102,11824.9%
27.5-Year Residential Real Property structure (39yr commercial)$307,38275.1%

Land allocation note

For this fixture, the engine used 22.0% 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 0.9454 (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

$13,290
Year-1 federal savings @ 37%, 100% bonus
12.0%
5/7/15-yr reclass as % of depreciable basis
$300,300
Depreciable basis (22.0% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$25,8758.6%
7-year personal property (office equipment, certain agricultural)$00.0%
15-year land improvements (paving, landscaping, fencing, site lighting)$10,0433.3%
Total accelerated$35,91812.0%
27.5-Year Residential Real Property structure (39yr commercial)$264,38288.0%

Land allocation note

For this fixture, the engine used 22.0% 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 0.858 (A 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

$114,171
Year-1 federal savings @ 37%, 100% bonus
21.5%
5/7/15-yr reclass as % of depreciable basis
$1,434,860
Depreciable basis (22.4% land removed)

Component breakdown

MACRS classReclassified amount% of basis
5-year personal property (FF&E, appliances, decorative finishes, certain electrical)$215,02515.0%
7-year personal property (office equipment, certain agricultural)$5,2100.4%
15-year land improvements (paving, landscaping, fencing, site lighting)$88,3366.2%
Total accelerated$308,57121.5%
27.5-Year Residential Real Property structure (39yr commercial)$1,126,28978.5%

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 1.3397 (B band). Geographic factor: 1.02 (state resolver).

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