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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Motels
1308 Fremont St Las Vegas, NV 89101-5410
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0516024
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
990 SF
Lot
0.06 ac (2,614 SF)
APN
139-35-310-033
UPID
US62-0516024
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
-
Lucky Lady Motel Hotel & Motel
-
Transitional Living at CR Living Medical Clinic
-
Bluefinger industries Information Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Srinivasa LLC · 2 yrs held
Srinivasa LLC
since 2024
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$850,000
+221.6%
Commercial (general)
$595,000
+125.4%
Auto repair, garage
$550,000
+108.3%
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
$555,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$850,000
Change: +222% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +125% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: +108% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$330,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $520k (May 3 2023)
Last sale anchor
$520k
May 3 2023
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
$545 / 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
$533
Tax year 2023
Assessed value
$18,661
Assessed 2024
Previous assessed
$16,773
+11.3% YoY
Effective rate
2.86%
On assessed value
Assessed land
$6,587
Assessed improvement
$12,074
Land market value
$18,820
Improvement market value
$34,497
Total market value
$53,317
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
990 SF
Lot
0.06 ac (2,614 SF)
APN
139-35-310-033
UPID
US62-0516024
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
RETAIL STORES
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
OFFICE BUILDING
Est. value
$330,000
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Srinivasa LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1266 FINALE LN, LAS VEGAS, NV 89119-0349
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Srinivasa LLC
Clark County Treasurer
Deed
related
—
May 3, 2023
—
Srinivasa LLC
Clark County Treasurer
Redemption Deed
related
—
Jul 26, 2018
—
Srinivasa LLC
Ganti,srinivasan & Saraah
Quit Claim Deed
related
$250,000 · Fci Lender Svcs
Oct 15, 2003
$520,000
Srinvasan Ganti
Chutney INC
Grant Deed
$500,000 · Syed M Ali
Mar 17, 1999
$151,500
Ashok Sehdev
Ng,swee S & Siong
Grant Deed
—
Mar 11, 1996
$100,000
Swee Seng
Kismet INC
Grant Deed
—
Apr 12, 1993
$46,380
Kismet INC
Unknown
Grant Deed
—
—
—
Swee S Ng
—
Deed Of Trust
related
$139 · Eureka Corp
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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