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Property profile & analytics
OFF-MARKET
Estimated value
$7,405,000
Bars & Pubs
1405 Sunset Rd Las Vegas, NV 89119-4988
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0230259
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
2009
Construction
FRAME
Total area
11,776 SF
Lot
0.85 ac (37,026 SF)
APN
177-02-102-001
UPID
US62-0230259
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
-
Flor Kitchen & Cocktails Restaurant
-
View702 Grocery & Convenience Store Food Market
-
Royal Banquet Hall Wedding Service
-
Fresh Kabob / Kabob Oasis Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.41M
Owner & transaction history
Gmd Food LLC · 2 yrs held
Gmd Food LLC
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.7M
+1,022.0%
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
$7,305,000
ML approach
$7,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,655,000
Change: +1,022% · Conversion: Difficult
Blend value · Realmo final
$7.41M
Range $6.66M – $8.15M · ±10% · vs last sale $7.50M (Nov 3 2022)
Last sale anchor
$7.50M
Nov 3 2022
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
$629 / 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
$44,653
Tax year 2023
Assessed value
$1,864,268
Assessed 2024
Previous assessed
$1,526,987
+22.1% YoY
Effective rate
2.40%
On assessed value
Assessed land
$259,182
Assessed improvement
$1,605,086
Land market value
$740,520
Improvement market value
$4,585,960
Total market value
$5,326,480
Applied tax rate
470.0000
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
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
7
Bathrooms
2
Total area
11,776 SF
Lot
0.85 ac (37,026 SF)
APN
177-02-102-001
UPID
US62-0230259
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
COMMERCIAL (GENERAL)
Est. value
$6.7M
COMMERCIAL (GENERAL)
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
2009
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
7
Bathrooms
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Gmd Food LLC
Entity
Mailing address
955 TEMPLE VW DR, LAS VEGAS, NV 89110-2900
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
30 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
Gmd Food LLC
Yogendra Solanki
Re-recorded Document
related
—
Nov 3, 2022
$7,500,000
Gmd Food LLC
Yogendra Solanki
Bargain And Sale Deed
—
Nov 3, 2022
—
Yogendra Solanki
Sangita Solanki
Intrafamily Transfer
related
—
Oct 20, 2022
—
Yogendra Solanki
—
Deed
related
$400,000 · Gurpaul Singh Kular
Jun 15, 2021
—
Yogendra Solanki
—
Deed
related
$1,500,000 · Maria F Enamorado Etal
Mar 31, 2020
—
Yogendra K Solanki
—
Deed
related
$4,130,000 · American First Nat'l Bk
Jan 29, 2019
—
Yogendra Solanki
Solanki,sangita
Quit Claim Deed
related
—
Jan 29, 2019
$5,580,000
Yogendra Solanki
Ram K Corp
Grant Deed
$4,280,000 · Other Institutional Lenders
Oct 2, 2018
—
Ram K Corp
—
Deed
related
$200,000 · Gulzar Kular
Aug 14, 2018
—
Ram K Corp
—
Deed
related
$1,900,000 · Other Institutional Lenders
Jun 22, 2016
—
Ram K Corp
—
Deed
related
$1,100,000 · Other Institutional Lenders
Dec 14, 2015
—
Kishan Trust
Siddiq,asif M
Quit Claim Deed
related
—
Nov 16, 2015
—
Ram K Corp
Kishan Trust
Quit Claim Deed
related
—
Aug 5, 2015
—
Kishan Trust
Siddiq,asif M
Quit Claim Deed
related
—
Jan 7, 2013
$1,800,000
Asif M Siddiq
Ram K Corp
Grant Deed
related
—
Feb 3, 2012
$2,100,000
Ram K Corp
Jsf 1 LLC
Grant Deed
$1,680,000 · Regal Financial Bank
Jan 4, 2011
—
Jsf 1 LLC
Regal Finl Bk
Grant Deed
related
—
Dec 15, 2010
$3,850,000
Finl Bk Regal
First American Title Ins
Trustees Deed
related
—
Jun 30, 2010
—
Sanam & Milad LLC
Dezfooli,manouchehr
Quit Claim Deed
related
—
May 21, 2010
—
Sanam & Milad LLC
Dezfooli,manouchehr
Quit Claim Deed
related
—
May 22, 2008
—
6540 Escondido St LLC
Dezfooli,manouchehr M
Quit Claim Deed
related
—
Nov 21, 2007
—
Manouchehr M Dezfooli
—
Trustees Deed
related
$6,165,779 · Regal Financial Bank
Nov 1, 2006
$850,000
Manouchehr M Dezfooli
Rebel Oil Co INC
Grant Deed
$552,500 · Bank Of America
Nov 1, 2006
—
Manouchehr M Dezfooli
Dezfooli,soosan
Quit Claim Deed
related
—
Apr 30, 1999
$500,000
Rebel Oil Co
Feeney Trust
Grant Deed
$350,000 · Seller
—
—
Yogendra K Solanki
—
Deed Of Trust
related
$4,130,000 · American First Nat'l Bk
—
—
Ram K Corp
—
Deed Of Trust
related
$1,900,000 · Other Institutional Lenders
—
—
Ram K Corp
—
Deed Of Trust
related
$200,000 · Gulzar Kular
—
—
Ram K Corp
—
Deed Of Trust
related
$1,100,000 · Other Institutional Lenders
—
—
Ram K Corp
—
Deed Of Trust
related
$695,000 · Itria Ventures 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.
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