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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Motels
1313 Fremont St Las Vegas, NV 89101-5409
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0788484
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,220 SF
Lot
0.46 ac (20,038 SF)
APN
139-35-310-051
UPID
US62-0788484
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Ashok K Sehdev · 12 yrs held
Ashok K Sehdev
since 2013
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,015,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$100 / 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
$4,960
Tax year 2023
Assessed value
$221,538
Assessed 2024
Previous assessed
$192,136
+15.3% YoY
Effective rate
2.24%
On assessed value
Assessed land
$101,693
Assessed improvement
$119,845
Land market value
$290,551
Improvement market value
$342,414
Total market value
$632,965
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
24
Total area
9,220 SF
Lot
0.46 ac (20,038 SF)
APN
139-35-310-051
UPID
US62-0788484
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
24
Lot
0.46 ac
Current owner
From public records · entity-resolved
Ashok K Sehdev
Individual
Mailing address
PO BOX 7516, LAS VEGAS, NV 89125-7309
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2013
—
Ashok K Sehdev
Sehdev,menna K
Quit Claim Deed
related
—
Jul 24, 2013
$1,300,000
1301 Fremont LLC
Sehdev,ashok K
Grant Deed
—
May 31, 2006
$967,706
Ashok K Sehdev
Singh,amrik
Grant Deed
$114,177 · Amrik Singh
Apr 5, 2005
—
Amrik Singh
Singh,manider K
Quit Claim Deed
related
—
Apr 5, 2005
$850,000
Amrik Singh
Banting,fil & Alegria
Grant Deed
$133,569 · Fil & Alegria Banting
Nov 25, 2003
$645,000
Fi Banting
Valley Motel INC
Grant Deed
$370,000 · Mccellan Trust
Dec 19, 1996
$95,000
Valley Motel INC
Simmons,ray & Carol
Grant Deed
—
Jul 12, 1996
$185,500
Ray Simmons
Grochowski,anthony & Dolores
Grant Deed
$59,146 · Seller
Oct 11, 1988
$575,000
Anthony Grochowski
Unknown
Grant Deed
—
—
—
Valley Motel INC
—
Deed Of Trust
related
$385,000 · Eureka Corp Of Nevada INC
—
—
Ashok Sehdev
—
Deed Of Trust
related
$300,000 · Amrik Singh
—
—
Anthony Grochowski
—
Deed Of Trust
related
$320,000 · Forrest Trust
—
—
Valley Motel INC
—
Deed Of Trust
related
$300,000 · Mcclellan Trust
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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