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Property profile & analytics
OFF-MARKET
Bars & Pubs
1121 Main St Las Vegas, NV 89104-1026
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-1251199
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,315 SF
Lot
0.15 ac (6,534 SF)
APN
162-03-110-079
UPID
US62-1251199
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
-
Jammyland Cocktail Bar & Reggae Kitchen Restaurant
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
1121 Main LLC · 7 yrs held
1121 Main LLC
since 2019
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 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
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
$3,908
Tax year 2023
Assessed value
$158,082
Assessed 2024
Previous assessed
$148,523
+6.4% YoY
Effective rate
2.47%
On assessed value
Assessed land
$75,468
Assessed improvement
$82,614
Land market value
$215,623
Improvement market value
$236,040
Total market value
$451,663
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
2,315 SF
Lot
0.15 ac (6,534 SF)
APN
162-03-110-079
UPID
US62-1251199
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
1121 Main LLC
Entity
Free & Clear · 7 yrs held
Mailing address
650 S MAIN ST, LAS VEGAS, NV 89101-6421
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 17, 2019
—
1121 Main LLC
—
Deed
related
$617,500 · City Nat'l Bk
Apr 8, 2019
$950,000
1121 Main LLC
Antiqua LLC
Grant Deed
—
Feb 5, 2013
$1,550,000
Antiqua LLC
Rancho Alexander Busn Park
Deed In Lieu Of Foreclosure
—
Aug 28, 2009
$1,550,000
Rancho Alexander Business Park
Charleston Main Casino LLC
Grant Deed
$1,250,000 · 4035 Rancho LLC
Apr 6, 2007
$1,000,000
Charleston Main Casino LLC
Main-charleston LLC
Quit Claim Deed
related
—
Dec 6, 2006
$860,000
Main-charleston LLC
Sledge C D Living Trust
Grant Deed
$1,030,000 · Private Lender
—
—
1121 Main LLC
—
Deed Of Trust
related
$617,500 · City Nat'l Bk
—
—
Charleston Main Casino LLC
—
Deed Of Trust
related
$600,000 · Ashland Capital LLC
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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