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Property profile & analytics
OFF-MARKET
Hotels
1905 Fairfield Ave Las Vegas, NV 89102
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0418392
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1961
Lot
0.3 ac (13,068 SF)
APN
162-04-710-054
UPID
US62-0418392
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
Stratosphere Gaming LLC · 8 yrs held
Stratosphere Gaming LLC
since 2018
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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,594
Tax year 2023
Assessed value
$369,713
Assessed 2024
Previous assessed
$351,679
+5.1% YoY
Effective rate
1.24%
On assessed value
Assessed land
$369,713
Land market value
$1,056,323
Total market value
$1,056,323
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
1961
Heating
NONE
Lot
0.3 ac (13,068 SF)
APN
162-04-710-054
UPID
US62-0418392
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
1961
Heating
NONE
Lot
0.3 ac
Current owner
From public records · entity-resolved
Stratosphere Gaming LLC
Entity
Free & Clear · 8 yrs held
Mailing address
6595 S JONES BLVD, LAS VEGAS, NV 89118-3337
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
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
—
Nov 1, 2016
—
W2007 Stratosphere Propco
—
Deed
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
—
Oct 12, 1995
$625,000
Stratosphere Corp
Vegas 1905 Partnership
Trustees Deed
—
Oct 12, 1995
—
Vegas 1905 Partnership
Web Service Co INC
Quit Claim Deed
related
—
Mar 17, 1995
$70,000
Vegas 1905 Partnership
Cousins Management Corp
Grant Deed
$47,500 · Seller
May 16, 1994
$227,500
Cousins Management Corp
1905 Fairfield L
Grant Deed
$430,000 · Seller
May 24, 1988
$228,650
1905 Fairfield Ltd
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.
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