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Property profile & analytics
OFF-MARKET
Turn key restaurants
1108 Lk Mead Blvd North Las Vegas, NV 89030-8300
Trust Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0171217
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,220 SF
Lot
0.44 ac (19,166 SF)
APN
139-23-203-007
UPID
US62-0171217
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
-
El Cazador Restaurant
-
Nails By Maria Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Matthew Trust · 1 yrs held
Matthew Trust
since 2025
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,584
Tax year 2023
Assessed value
$125,704
Assessed 2024
Previous assessed
$113,134
+11.1% YoY
Effective rate
2.85%
On assessed value
Assessed land
$58,696
Assessed improvement
$67,008
Land market value
$167,703
Improvement market value
$191,451
Total market value
$359,154
Applied tax rate
253.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
3,220 SF
Lot
0.44 ac (19,166 SF)
APN
139-23-203-007
UPID
US62-0171217
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Matthew Trust
Trust
Mailing address
8113 MDW FLS ST, NORTH LAS VEGAS, NV 89085-2338
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2025
$2,000,000
Matthew Trust
Los Caminos De La Vida Trust
Bargain & Sale Deed
$1,600,000 · Los Caminos De La Vida Trust
Jul 12, 2016
—
Miguel Esparza
—
Deed
related
$185,000 · Us Bank NA
Jun 2, 2009
—
Los Caminos De La Vida Trust
Los Caminos De La Vida Trust
Quit Claim Deed
related
$300,296 · Nevada State Bank
Apr 30, 2009
—
Los Caminos De La Vida Trust
Esparza,miguel & Maria C
Grant Deed
—
May 24, 2001
$325,000
Miguel Esparza
Jackson,jesse & Vera L
Grant Deed
$243,750 · Black Mountain Community Bank
Jan 31, 1994
$92,500
Jesse Jackson
Bleake Assoc
Grant Deed
$159,000 · Bank Of America Nevada
—
—
Vera L Jackson
—
Deed Of Trust
related
$37,500 · Us Bank Of Nevada
—
—
Los Caminos,de La Vida Trust
—
Deed Of Trust
related
$185,000 · Us Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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