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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Motels
2028 Fremont St Las Vegas, NV 89101-5123
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0952510
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,702 SF
Lot
0.81 ac (35,284 SF)
APN
139-35-803-011
UPID
US62-0952510
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
-
SHARE Village Las Vegas Transitional Housing Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$3.42M
Owner & transaction history
Veterans Village 4 LLC · 5 yrs held
Veterans Village 4 LLC
since 2021
Last sale
$3.9M
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%
$2,400,000
6.5%
$2,215,000
7%
$2,055,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,990,000
Current use
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.91M (Jun 18 2021)
Last sale anchor
$3.91M
Jun 18 2021
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
$183 / 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
$10,377
Tax year 2023
Assessed value
$376,735
Assessed 2024
Previous assessed
$325,339
+15.8% YoY
Effective rate
2.75%
On assessed value
Assessed land
$123,494
Assessed improvement
$253,241
Land market value
$352,840
Improvement market value
$723,546
Total market value
$1,076,386
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
59
Total area
18,702 SF
Lot
0.81 ac (35,284 SF)
APN
139-35-803-011
UPID
US62-0952510
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
HOTEL/MOTEL Current
Est. value
$5.0M
HOTEL/MOTEL Current
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
59
Lot
0.81 ac
Current owner
From public records · entity-resolved
Veterans Village 4 LLC
Entity
Mailing address
10151 PARK RUN DR, LAS VEGAS, NV 89145-8859
Ownership since
2021
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
Jun 18, 2021
$3,910,000
Veterans Village 4 LLC
Fremont Gardens 2 LLC
Bargain And Sale Deed
$3,825,000 · Clearinghouse Dcfi
Apr 11, 2014
$1,450,100
Fremont Gardens 2 LLC
Fremont Street Travel Inn LLC
Grant Deed
related
—
Jun 8, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 31, 2008
$1,400,000
Fremont Street Travel Inn LLC
Gayatri Motel INC
Grant Deed
—
Jun 16, 1997
$7,692
Gayatri Motel INC
Desai,hasmukh & Shobha
Trustees Deed
$684,000 · Money Store Investment Corp
Jun 16, 1997
—
Desai,hasmukh & Shobha
Beam Trust
Trustees Deed
related
—
—
—
Fremont Gardens 2 LLC
—
Deed Of Trust
related
$1,200,000 · First Sec Bk/nv
—
—
Fremont Street Travel Inn LLC
—
Deed Of Trust
related
$1,100,000 · William B & Kathleen B Reish
—
—
Fremont Street Travel Inn LLC
—
Deed Of Trust
related
$7,420,000 · National Bank California
—
—
Fremont Street Travel Inn LLC
—
Deed Of Trust
related
$110,000 · Southwest Regional Mgmt INC
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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