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 30.4% $54,769 22.0% A
Henderson Anthem SFR STR
Henderson (Green Valley / Anthem) · SFR · STR
$485,000 32.9% $45,981 22.0% A_low
Spring Valley STR Conversion
The Lakes / Spring Valley (Las Vegas) · SFR · STR
$525,000 32.5% $49,243 22.0% A_low
Centennial Hills SFR BRRRR
Centennial Hills / North Las Vegas (suburban) · SFR
$385,000 15.2% $16,829 22.0% A_low
MacDonald Highlands Ultra-Luxury STR
MacDonald Highlands / Lake Las Vegas (Henderson luxury) · SFR · STR
$1,850,000 33.4% $177,130 22.4% 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

$54,769
Year-1 federal savings @ 37%, 100% bonus
30.4%
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)$102,12020.9%
7-year personal property (office equipment, certain agricultural)$2,3000.5%
15-year land improvements (paving, landscaping, fencing, site lighting)$43,6058.9%
Total accelerated$148,02530.4%
27.5-Year Residential Real Property structure (39yr commercial)$339,47569.6%

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 0.8986 (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

$45,981
Year-1 federal savings @ 37%, 100% bonus
32.9%
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)$89,45723.6%
7-year personal property (office equipment, certain agricultural)$2,0330.5%
15-year land improvements (paving, landscaping, fencing, site lighting)$32,7828.7%
Total accelerated$124,27232.9%
27.5-Year Residential Real Property structure (39yr commercial)$254,02867.1%

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 0.708 (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

$49,243
Year-1 federal savings @ 37%, 100% bonus
32.5%
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)$91,36222.3%
7-year personal property (office equipment, certain agricultural)$1,8240.4%
15-year land improvements (paving, landscaping, fencing, site lighting)$39,9029.7%
Total accelerated$133,08832.5%
27.5-Year Residential Real Property structure (39yr commercial)$276,41267.5%

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 0.8331 (A_low 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

$16,829
Year-1 federal savings @ 37%, 100% bonus
15.2%
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)$20,9807.0%
7-year personal property (office equipment, certain agricultural)$00.0%
15-year land improvements (paving, landscaping, fencing, site lighting)$24,5038.2%
Total accelerated$45,48315.2%
27.5-Year Residential Real Property structure (39yr commercial)$254,81784.9%

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 0.8006 (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

$177,130
Year-1 federal savings @ 37%, 100% bonus
33.4%
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)$261,08418.2%
7-year personal property (office equipment, certain agricultural)$5,3710.4%
15-year land improvements (paving, landscaping, fencing, site lighting)$212,27614.8%
Total accelerated$478,73133.4%
27.5-Year Residential Real Property structure (39yr commercial)$956,12966.6%

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 1.0471 (A band). Geographic factor: 1.02 (state resolver).

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