New search
Property profile & analytics
OFF-MARKET
Hotels
1800 Commerce St Las Vegas, NV 89102
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0424211
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1963
Lot
0.35 ac (15,246 SF)
APN
162-03-301-007
UPID
US62-0424211
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The 361 Venture LLC · 3 yrs held
The 361 Venture LLC
since 2023
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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,659
Tax year 2022
Assessed value
$266,805
Assessed 2023
Previous assessed
$266,805
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$266,805
Land market value
$762,300
Total market value
$762,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1963
Heating
NONE
Lot
0.35 ac (15,246 SF)
APN
162-03-301-007
UPID
US62-0424211
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
1963
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
The 361 Venture LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5 W BAR LE DOC DR, CORPUS CHRISTI, TX 78414-6248
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
—
The 361 Venture LLC
Stratosphere Gaming LLC
Lease
—
May 19, 2023
—
Stratosphere Gaming LLC
W2007 Stratosphere Land Propco LLC
Quit Claim Deed
related
—
Jan 22, 2018
—
Stratosphere Gaming LLC
Stratosphere Gaming LLC
Quit Claim Deed
related
—
Oct 25, 2017
—
Stratosphere Gaming LLC
Stratosphere Gaming LLC
Intrafamily Transfer
related
—
Aug 18, 2009
—
W2007 Stratosphere Propco
—
Deed Of Trust
related
$395,000,000 · Bank Of Ny Mellon
Mar 5, 2008
—
W2007 Stratosphere Propco LLC
Stratosphere LLC
Quit Claim Deed
—
May 26, 2004
—
Stratosphere Corp
—
Deed Of Trust
related
$20,000,000 · Bear Stearns Corporate Lending
May 3, 2001
—
Stratosphere Corp
—
Grant Deed
related
$73,000,000 · American Real Estate Holdings
Aug 2, 1995
$2,000,000
Stratosphere Corp
Laiwoa Land Corp
Grant Deed
—
Jul 25, 1990
$208,290
Laiwoa Land Corp
Unknown
Grant Deed
—
—
—
W2007 Stratosphere Propco
—
Loan Modification
related
—
—
—
W2007 Stratosphere Propco
—
Deed Of Trust
related
$620,000,000 · Deutsche Bk Ag/ny Branch
—
—
W2007 Stratosphere Propco
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1800 Commerce St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
