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Property profile & analytics
OFF-MARKET
Estimated value
$6,460,000
Bars & Pubs
2428 Cheyenne Ave North Las Vegas, NV 89030-8427
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0274116
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,125 SF
Lot
0.6 ac (26,136 SF)
APN
139-11-816-020
UPID
US62-0274116
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
-
Dottys #111 Hotel & Motel Resort
-
Red Dragon Bar & Pub
-
ATM (ATM Link, Inc.) Atm
-
Bourbon Street Bar & Pub
-
La Villita Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.54M
Blend (final)
Blend
$6.46M
Owner & transaction history
2428 Ke Cheyenne LLC · 5 yrs held
2428 Ke Cheyenne LLC
since 2020
Last sale
$6.2M
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$6,590,000
ML approach
$6,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.46M
Range $5.81M – $7.11M · ±10% · vs last sale $6.18M (Oct 5 2020)
Last sale anchor
$6.18M
Oct 5 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
$492 / 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
$30,437
Tax year 2023
Assessed value
$1,034,571
Assessed 2024
Previous assessed
$913,234
+13.3% YoY
Effective rate
2.94%
On assessed value
Assessed land
$89,542
Assessed improvement
$945,029
Land market value
$255,834
Improvement market value
$2,700,083
Total market value
$2,955,917
Applied tax rate
255.0000
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
44
Total area
13,125 SF
Lot
0.6 ac (26,136 SF)
APN
139-11-816-020
UPID
US62-0274116
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
44
Lot
0.6 ac
Current owner
From public records · entity-resolved
2428 Ke Cheyenne LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3187 ROWENA AVE, LOS ANGELES, CA 90027-2528
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2021
—
2428 E Cheyenne LLC
—
Deed
related
$4,300,000 · Town & Country Bank
Oct 5, 2020
$6,175,000
2428 Ke Cheyenne LLC
Cpm Cheyenne LLC
Grant Deed
—
May 21, 2014
$2,125,000
3900 Master LLC
Fort Cheyenne Holding LLC
Grant Deed
—
Oct 17, 2013
$41,333
Fort Cheyenne Holding LLC
Treasurer Of Clark County
Grant Deed
—
Jun 20, 2013
$35,223
Fort Cheyenne Holding LLC
Treasurer Of Clark County
Tax Deed
—
Jul 27, 2010
$44,444
Fort Cheyenne Holding LLC
Treasurer Of Clark County
Grant Deed
—
Sep 3, 2003
$1,288,980
Brecks Summit Corp
—
Grant Deed
related
—
Dec 4, 2001
—
Brecks Summit Corp
—
Deed Of Trust
related
$1,000,000 · Steven R Micheks
Dec 27, 1996
$81,500
Boyd C Bulloch
Brecks Summit Corp INC
Grant Deed
—
Oct 16, 1995
$200,000
Breck's Summit Corp INC
Pfl Life Insurance Co
Grant Deed
$300,000 · Allstate Mortgage
Aug 10, 1993
$475,000
Pfl Life Insurance Co
Bulloch,boyd C &
Trustees Deed
—
—
—
Boyd C Bulloch
—
Deed Of Trust
related
$700,000 · Allstate Mortgage
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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