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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Hotels
200 Fremont St Las Vegas, NV 89101-5622
Trust Owned
5-yr Hold
Free & Clear
Property ID
US62-0514003
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1947
Lot
0.16 ac (6,970 SF)
APN
139-34-111-017
UPID
US62-0514003
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
-
Maltipoo Puppies for sale Pet Store
-
The Filament Bar Bar & Pub
-
Huey Magoo's Chicken Tenders - Las Vegas Restaurant
-
Steak 'n Shake Restaurant
-
Roli Roti Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Coleman M L Separate Pro Trust · 5 yrs held
Coleman M L Separate Pro Trust
since 2020
Last sale
$2.0M
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
$2,005,000
ML approach
$2,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Aug 14 2020)
Last sale anchor
$2.00M
Aug 14 2020
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
—
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
$8,075
Tax year 2023
Assessed value
$280,543
Assessed 2024
Previous assessed
$268,345
+4.5% YoY
Effective rate
2.88%
On assessed value
Assessed land
$280,543
Land market value
$801,551
Total market value
$801,551
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
1947
Heating
NONE
Lot
0.16 ac (6,970 SF)
APN
139-34-111-017
UPID
US62-0514003
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
1947
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Coleman M L Separate Pro Trust
Trust
Free & Clear · 5 yrs held
Mailing address
2855 MOONRIDGE DR, LA JOLLA, CA 92037-3533
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
$2,000,000
Coleman M L Separate Pro Trust
Karen E Underhill
Grant Deed
—
Aug 2, 2018
—
Sam-will INC
—
Loan Modification
related
—
Jul 23, 2018
—
Coleman,m L Separate Prop Trust
Coleman M L Separate P Trust
Quit Claim Deed
related
—
Jul 23, 2018
$2,000,000
Coleman,m L Seperate Prope Trust
Ronnow,scott C
Grant Deed
—
Apr 30, 2013
—
Ronnow Living Trust
Ronnow Living Trust
Quit Claim Deed
related
—
Apr 20, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 4, 2009
—
Coleman Mary L Trust
Coleman,mary L
Quit Claim Deed
related
—
Dec 1, 2005
—
Ronnow Trust
Ronnow Trust
Quit Claim Deed
related
—
Oct 7, 2005
—
Ronnow Trust
Ronnow,james L II
Affidavit Of Death
related
—
—
—
Sam-will INC
—
Loan Modification
related
$1,750,000,000 · Bank Of America
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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