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Property profile & analytics
OFF-MARKET
Estimated value
$7,120,000
Commercial real estate
2540 Fremont St Las Vegas, NV 89104-2230
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0744207
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Lot
0.14 ac (6,242 SF)
APN
162-01-111-045
UPID
US62-0744207
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
-
Fremont Palms Apartments Apartment Building
-
Maiden to Order Hardware & Home Improvement
-
Fremont Palms Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.12M
Owner & transaction history
Cplc Freemont Apartments LLC · 5 yrs held
Cplc Freemont Apartments LLC
since 2021
Last sale
$6.4M
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
$7,975,000
ML approach
$7,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.12M
Range $6.41M – $7.83M · ±10% · vs last sale $6.38M (May 6 2021)
Last sale anchor
$6.38M
May 6 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
$552
Tax year 2023
Assessed value
$21,249
Assessed 2024
Previous assessed
$16,756
+26.8% YoY
Effective rate
2.60%
On assessed value
Assessed land
$19,669
Assessed improvement
$1,580
Land market value
$56,197
Improvement market value
$4,514
Total market value
$60,711
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
1979
Heating
NONE
Lot
0.14 ac (6,242 SF)
APN
162-01-111-045
UPID
US62-0744207
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
1979
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Cplc Freemont Apartments LLC
Entity
Mailing address
1112 E BUCKEYE RD, PHOENIX, AZ 85034-4043
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2021
$6,375,000
Cplc Freemont Apartments LLC
Sds Realty Corp
Bargain And Sale Deed
$6,994,184 · Optum Bank INC
Jun 22, 2018
$3,200,000
Sds Realty Corp
Tod Las Vegas 1 LLC
Grant Deed
$2,400,000 · American First Cu
Jun 22, 2018
—
Tod Las Vegas 1 LLC
Sackley Fam Mgmt 2540 LLC
Grant Deed
related
—
Jun 19, 2018
—
Fremont Palms Apartments LLC
Sackley Family Trust
Grant Deed
related
—
Oct 27, 2016
—
Fremont Palms Apartments LLC
Sackley Family Trust
Quit Claim Deed
related
—
Mar 8, 2016
—
Sackley Family Management 2540
Sackley Family Trust
Quit Claim Deed
related
—
Jan 2, 2015
—
Sackley Family Trust
JR Rant LLC
Grant Deed
related
—
Apr 7, 2014
—
JR Rant LLC
JR Rant LLC
Quit Claim Deed
related
$708,000 · First Choice Bk
Jan 15, 2014
$1,362,500
JR Rant LLC
Vegas Venture Holdings LLC
Grant Deed
$688,000 · Vegas Ventures Holdings LLC
Sep 6, 2012
$529,000
Vegas Venture Holdings LLC
Nevada Title Co
Trustees Deed
related
—
Jun 14, 2012
$21,311
Shilberg,harold
Tax Receiver Of Clark County
Tax Deed
—
Dec 22, 2004
$2,350,000
Shilberg,harold
Topaz II Ents LLC
Grant Deed
$1,850,000 · Lasalle Bk
—
—
Sackley Family Trust
—
Deed Of Trust
related
$500,000 · Bianculli Joseph J Trust (pt)
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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