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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Bars & Pubs
128 Market St Henderson, NV 89015-7365
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0068992
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1940
Construction
FRAME
Total area
7,605 SF
Lot
0.25 ac (10,890 SF)
APN
179-18-710-018
UPID
US62-0068992
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
-
AAA Garage Doors Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.43M
Owner & transaction history
Ecl Water Street LLC · 2 yrs held
Ecl Water Street LLC
since 2024
Last sale
$2.4M
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
$2,430,000
ML approach
$2,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.43M (Jan 8 2024)
Last sale anchor
$2.43M
Jan 8 2024
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
$320 / 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
$3,243
Tax year 2023
Assessed value
$140,218
Assessed 2024
Previous assessed
$119,015
+17.8% YoY
Effective rate
2.31%
On assessed value
Assessed land
$45,738
Assessed improvement
$94,480
Land market value
$130,680
Improvement market value
$269,943
Total market value
$400,623
Applied tax rate
503.0000
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
1940
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
7,605 SF
Lot
0.25 ac (10,890 SF)
APN
179-18-710-018
UPID
US62-0068992
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
1940
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ecl Water Street LLC
Entity
Mailing address
6360 S BUFFALO DR, LAS VEGAS, NV 89113-2133
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
—
Ecl Water Street LLC
Wt Landco LLC
Lease
—
Jan 8, 2024
$2,432,000
Wt Landco LLC
Army Street LLC
Bargain And Sale Deed
$1,000,000 · Zb NA
Aug 7, 2020
—
Boulder Highway Gaming LLC
—
Deed
related
$600,000 · Western Alliance Bk
Dec 5, 2016
—
Boulder Highway Gaming LLC
—
Deed
related
$1,400,000 · Western Alliance Bk
Oct 21, 2014
—
Boulder Highway Gaming LLC
—
Deed Of Trust
related
$6,500,000 · Western Alliance Bk
Jan 4, 2007
$718,830
Army Street LLC
Boulder Highway Gaming LLC
Bargain And Sale Deed
$514,850 · First National Bank Of Nevada
Mar 11, 1994
$120,500
Jerry C Coombes
Dorothy G Mcbeat
Quit Claim Deed
related
$11,961 · Seller
—
—
Army Street LLC
—
Deed Of Trust
related
$520,000 · Nevada State Bank
—
—
Boulder Highway Gaming LLC
—
Loan Modification
related
$600,000 · Western Alliance Bk
—
—
Army Street LLC
—
Deed Of Trust
related
$560,000 · Sunwest Bank
—
—
Boulder Highway Gaming LLC
—
Loan Modification
related
$1,400,000 · Western Alliance 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.
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