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Property profile & analytics
FOR SALE
Bars & Pubs
2992 W Cheyenne Ave North Las Vegas, NV 89032
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-1250460
For Sale
1 / 5
$4,591,300
2992 W Cheyenne Ave, North Las Vegas, NV 89032
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2003
Construction
FRAME
Total area
7,889 SF
Lot
1.71 ac (74,488 SF)
APN
139-08-402-014
UPID
US62-1250460
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
-
Brother's Pizza Restaurant
-
ATM Atm
-
Town Center Lounge II Bar & Pub Nightclub
-
Maegan Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Th Taven 8 LLC · 1 yrs held
Th Taven 8 LLC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$93 / 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
$18,647
Tax year 2023
Assessed value
$674,540
Assessed 2024
Previous assessed
$628,305
+7.4% YoY
Effective rate
2.76%
On assessed value
Assessed land
$297,207
Assessed improvement
$377,333
Land market value
$849,163
Improvement market value
$1,078,094
Total market value
$1,927,257
Applied tax rate
250.0000
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
For Sale
Year built
2003
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
7,889 SF
Lot
1.71 ac (74,488 SF)
APN
139-08-402-014
UPID
US62-1250460
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
2003
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Th Taven 8 LLC
Entity
Mailing address
4327 W SUNSET RD, LAS VEGAS, NV 89118-3852
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
—
Th Taven 8 LLC
Cheyenne Simmons LLC
Deed
—
Sep 19, 2017
—
Cheyenne Simmons LLC
—
Deed
related
$2,615,000 · Meadows Bk
Oct 13, 2016
—
Cheyenne Simmons LLC
—
Deed
related
$3,100,000 · Hvs I LLC
Aug 18, 2005
$3,310,439
Cheyenne Simmons LLC
O R B LLC
Bargain And Sale Deed
$3,100,000 · Valley Bank
—
—
Cheyenne Simmons LLC
—
Deed Of Trust
related
$150,000 · Bank Of Las Vegas
—
—
Cheyenne Simmons LLC
—
Loan Modification
related
$3,100,000 · Hvs I LLC
—
—
Cheyenne Simmons LLC
—
Deed Of Trust
related
$2,615,000 · Meadows Bk
—
—
Cheyenne Simmons LLC
—
Deed Of Trust
related
$3,100,000 · Community Bank Nevada
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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