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Property profile & analytics
OFF-MARKET
Estimated value
$6,005,000
Strip malls
1028 Fremont St 133 Las Vegas, NV 89101-5425
Entity Owned
9-yr Hold
Free & Clear
Property ID
US62-0814277
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,219 SF
Lot
1.42 ac (61,855 SF)
APN
139-35-201-006
UPID
US62-0814277
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
-
Rooted Lounge Gym & Fitness Center Alternative Medicine Practice
-
The Noise project Hair Salon Nail Salon
-
For the Globe (Bike/Boat/Book/etc) Store
-
F The Bar Bar & Pub
-
Tofu Tees Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.67M
Comparable Approach
Comparable
$5.81M
Blend (final)
Blend
$6.01M
Owner & transaction history
1028 Fremont LLC · 9 yrs held
1028 Fremont LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.2M
+38.5%
Auto repair, garage
$8.5M
+27.9%
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%
$6,135,000
6.5%
$5,665,000
7%
$5,260,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,605,000
Current use
COMMERCIAL (GENERAL)
$9,150,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,455,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$6.01M
Range $5.40M – $6.61M · ±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
$395 / 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
$35,457
Tax year 2023
Assessed value
$1,176,114
Assessed 2024
Previous assessed
$1,081,512
+8.7% YoY
Effective rate
3.01%
On assessed value
Assessed land
$418,504
Assessed improvement
$757,610
Land market value
$1,195,726
Improvement market value
$2,164,600
Total market value
$3,360,326
Applied tax rate
203.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
15,219 SF
Lot
1.42 ac (61,855 SF)
APN
139-35-201-006
UPID
US62-0814277
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
1028 Fremont LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 7516, LAS VEGAS, NV 89125-7309
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2016
—
1028 Fremont LLC
130 11th Street LLC
Grant Deed
related
—
Dec 12, 2012
$5,000,000
1028 Fremont LLC
Sonal INC
Grant Deed
—
May 26, 2006
—
Buhl,karen
Rademacher C & P Fam Trust
Grant Deed
related
—
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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