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Property profile & analytics
OFF-MARKET
Estimated value
$11,405,000
Hotels
202 Fremont St Las Vegas, NV 89101-5606
Trust Owned
7-yr Hold
Free & Clear
Property ID
US62-0982429
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
173,294 SF
Lot
0.17 ac (7,405 SF)
APN
139-34-111-057
UPID
US62-0982429
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
-
Appleton Electrical Contracting Electrical Service General Contractor
-
Avis Car Rental Car Rental Facility
-
Mike Hammer Experience Theater & Performing Art Venue Nightclub
-
J & J Hair Accesosories Cosmetic Store
-
Canyon Club Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.92M
Blend (final)
Blend
$11.41M
Owner & transaction history
Gift,aw H J Trust · 7 yrs held
Gift,aw H J Trust
since 2019
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.41M
Range $10.26M – $12.55M · ±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
$66 / 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
$137,345
Tax year 2023
Assessed value
$11,083,581
Assessed 2024
Previous assessed
$10,012,501
+10.7% YoY
Effective rate
1.24%
On assessed value
Assessed land
$298,051
Assessed improvement
$10,785,530
Land market value
$851,574
Improvement market value
$30,815,800
Total market value
$31,667,374
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
5
Stories
18
Units
696
Total area
173,294 SF
Lot
0.17 ac (7,405 SF)
APN
139-34-111-057
UPID
US62-0982429
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
18
Buildings
5
Units
696
Lot
0.17 ac
Current owner
From public records · entity-resolved
Gift,aw H J Trust
Trust
Free & Clear · 7 yrs held
Mailing address
PO BOX 790, LAS VEGAS, NV 89125-0790
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2019
—
Gift,aw H J Trust
Jhp 4q LLC
Correction Deed
related
—
Jan 10, 2019
—
Prop 4q LLC
Jhp 4q LLC
Quit Claim Deed
related
—
Dec 29, 2017
—
Four Queens LLC
—
Grant Deed
related
$40,000,000 · Western Alliance Bk
May 20, 2010
—
Four Queens INC
—
Deed Of Trust
related
$1,500,000 · Nevada State Bank
May 6, 2010
—
Four Queens INC
—
Deed Of Trust
related
$20,000,000 · Nevada State Bank
Mar 7, 2008
—
Speakeasy Gaming Of Fremont INC
—
Deed Of Trust
related
$57,000,000 · Nevada State Bank
Jul 30, 2003
$26,450
Peto,tr
Peto,jeanne H
Quit Claim Deed
related
—
Jul 2, 2003
$26,449,360
Jeanne H Peto
Artemus,w Ham Est
Grant Deed
—
—
—
Four Queens INC
—
Deed Of Trust
related
$3,000,000 · Putnam Diversified Income Trus
—
—
Vintage Vegas Gaming INC
—
Deed Of Trust
related
$804,180 · Nevada State Bank
—
—
Four Queens LLC
—
Loan Modification
related
—
—
—
Vintage Vegas Gaming INC
—
Deed Of Trust
related
$804,180 · Nevada State Bank
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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