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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Bars & Pubs
2031 Sunset Rd Henderson, NV 89014-2026
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-1239150
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,360 SF
Lot
0.93 ac (40,511 SF)
APN
178-05-514-013
UPID
US62-1239150
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
-
GATSBY'S Bar & Pub Nightclub
-
Vegas Painting Parties Event Planning
-
asdxasda Bar & Pub
-
Gambit Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$3.55M
Owner & transaction history
Couture Investments 1 LLC · 1 yrs held
Couture Investments 1 LLC
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+10.0%
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
$3,550,000
ML approach
$3,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,045,000
Current use
MEDICAL BUILDING
$4,445,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.55M (May 17 2024)
Last sale anchor
$3.55M
May 17 2024
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
$558 / 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
$11,904
Tax year 2023
Assessed value
$457,485
Assessed 2024
Previous assessed
$408,740
+11.9% YoY
Effective rate
2.60%
On assessed value
Assessed land
$155,967
Assessed improvement
$301,518
Land market value
$445,620
Improvement market value
$861,480
Total market value
$1,307,100
Applied tax rate
516.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
6,360 SF
Lot
0.93 ac (40,511 SF)
APN
178-05-514-013
UPID
US62-1239150
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
RESTAURANT Current
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$4.4M
RESTAURANT Current
MEDICAL BUILDING
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Couture Investments 1 LLC
Entity
Mailing address
8465 W SAHARA AVE STE #111, LAS VEGAS, NV 89117-8902
Ownership since
2025
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
Feb 28, 2025
$1,400,000
Couture Investments 1 LLC
P M G Sinclair LLC
Trust Deed
related
—
May 17, 2024
$3,550,000
P M G Sinclair LLC
Couture Investments 1 LLC
Bargain And Sale Deed
$3,050,000 · Couture Investments I LLC
Sep 14, 2020
—
Couture Investments 1 LLC
Pca Holdings LLC
Grant Deed
related
$1,200 · Xinchen LLC
Jan 30, 2019
—
Pca Trauth LLC
—
Deed
related
$137,700 · Wavet Super Fund No 2 LLC
Jul 18, 2005
—
Pca Holdings LLC
Trauth Family Trust
Grant Deed
—
Jul 13, 2005
—
Trauth Family Trust
Pca Trauth LLC
Quit Claim Deed
—
Sep 19, 2003
$857,270
Pca Trauth LLC
General Electric Capital Busin
Grant Deed
$659,000 · Bank Of Commerce
Jan 30, 2002
$1,210,170
Electric Capital Busin
Jacado LLC
Grant Deed
related
—
Aug 29, 2000
$950,000
Jacado LLC
East Side Marios Operating Co
Grant Deed
$1,210,165 · Ge Capital Business Asset Fund
—
—
Pca Trauth LLC
—
Deed Of Trust
related
$54,000 · G Molloys Properties LLC
—
—
Pca Trauth LLC
—
Deed Of Trust
related
$137,700 · Wavet Super Fund No 2 LLC
—
—
Pca Holdings LLC
—
Deed Of Trust
related
$375,000 · Peter C Trauth
—
—
Pca Trauth LLC
—
Deed Of Trust
related
$642,743 · 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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