Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Commercial real estate
2121 Las Vegas S Blvd Las Vegas, NV 89104-2544
Individually Owned
18-yr Hold
Free & Clear
Property ID
US62-0375645
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Construction
CONCRETE
Total area
9,289 SF
Lot
1.28 ac (55,757 SF)
APN
162-03-410-004
UPID
US62-0375645
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
-
Gateway Arches Observation Deck Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$2.73M
Owner & transaction history
W2007 Stratosphere Land Propco · 18 yrs held
W2007 Stratosphere Land Propco
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.0M
+71.1%
Industrial (general)
$2.8M
+16.7%
Medical building
$2.6M
+8.5%
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%
$2,335,000
6.5%
$2,160,000
7%
$2,005,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,355,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,030,000
Change: +71% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,750,000
Change: +17% · Conversion: Moderate
MEDICAL BUILDING
$2,555,000
Change: +8% · Conversion: Easy
RETAIL STORES
$2,295,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±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
$293 / 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
$5,225
Tax year 2023
Assessed value
$1,032,675
Assessed 2024
Previous assessed
$159,297
+548.3% YoY
Effective rate
0.51%
On assessed value
Assessed land
$1,024,517
Assessed improvement
$8,158
Land market value
$2,927,191
Improvement market value
$23,309
Total market value
$2,950,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
9,289 SF
Lot
1.28 ac (55,757 SF)
APN
162-03-410-004
UPID
US62-0375645
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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1969
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
W2007 Stratosphere Land Propco
Individual
Free & Clear · 18 yrs held
Mailing address
2000 LAS VEGAS BLVD S, LAS VEGAS, NV 89104-2507
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2017
—
W2007 Stratosphere Land Propco
—
Grant Deed
related
$1,800,000,000 · Jp Morgan Chase Bk
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 Land Propco
Stratosphere Land LLC
Quit Claim Deed
—
Sep 12, 2003
—
Trk,tr
Clyne,richie
Grant Deed
related
—
Jan 4, 1990
$650,000
Leo J Danihels
Unknown
Grant Deed
—
—
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2121 Las Vegas S Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
