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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Motels
2512 Fremont St Las Vegas, NV 89104-2204
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0553854
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Lot
0.27 ac (11,761 SF)
APN
162-01-111-008
UPID
US62-0553854
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
-
La Palm Motel Hotel & Motel
-
Motel 6 Las Vegas, NV – Downtown Fremont St Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.30M
Owner & transaction history
Veterans Village 9 LLC · 5 yrs held
Veterans Village 9 LLC
since 2021
Last sale
$2.9M
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
$3,650,000
ML approach
$3,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $2.92M (May 13 2021)
Last sale anchor
$2.92M
May 13 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
—
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
$866
Tax year 2023
Assessed value
$37,047
Assessed 2024
Previous assessed
$28,814
+28.6% YoY
Effective rate
2.34%
On assessed value
Assessed land
$37,047
Land market value
$105,849
Total market value
$105,849
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
1963
Heating
NONE
Lot
0.27 ac (11,761 SF)
APN
162-01-111-008
UPID
US62-0553854
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
1963
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
Veterans Village 9 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 35589, LAS VEGAS, NV 89133-5589
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
$2,915,982
Veterans Village 9 LLC
2512 Fremont LLC
Bargain And Sale Deed
—
May 13, 2021
$3,500,000
Skyline Suites LLC
Veterans Village 9 LLC
Bargain And Sale Deed
—
Dec 14, 2018
—
3900 Master LLC
La Palm Motel INC
Grant Deed
related
—
Nov 5, 2018
$2,200,000
2512 Fremont LLC
3900 Master LLC
Grant Deed
—
Nov 5, 2018
$1,600,000
3900 Master LLC
La Palm Motel INC
Grant Deed
—
Jun 2, 1994
$800,000
La Palm Motel INC
La Palm Motel Lt
Grant Deed
related
$675,000 · Seller
Oct 16, 1992
$33,000
La Palm Motel Ltd
Unknown
Grant Deed
—
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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