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Property profile & analytics
OFF-MARKET
Estimated value
$9,650,000
Hotels
300 Sahara Ave Las Vegas, NV 89102-5010
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-0739428
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
CONCRETE
Total area
122,653 SF
Lot
2.51 ac (109,336 SF)
APN
162-04-816-001
UPID
US62-0739428
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
-
Ahern LIVE Music Venue Bar & Pub
-
Norway Steakhouse at Ahern Hotel Restaurant
-
Norway Food Restaurant
-
Ahern Chocolate Shop Specialty Food Shop Candy Store
-
Record City (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.29M
Blend (final)
Blend
$9.65M
Owner & transaction history
300 West Sahara LLC · 7 yrs held
300 West Sahara LLC
since 2019
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.65M
Range $8.69M – $10.62M · ±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
$79 / 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
$438,307
Tax year 2023
Assessed value
$20,746,794
Assessed 2024
Previous assessed
$20,207,542
+2.7% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,607,239
Assessed improvement
$19,139,555
Land market value
$4,592,111
Improvement market value
$54,684,443
Total market value
$59,276,554
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
9
Units
203
Total area
122,653 SF
Lot
2.51 ac (109,336 SF)
APN
162-04-816-001
UPID
US62-0739428
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
2016
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
9
Buildings
3
Units
203
Lot
2.51 ac
Current owner
From public records · entity-resolved
300 West Sahara LLC
Entity
Free & Clear · 7 yrs held
Mailing address
8350 EASTGATE RD, HENDERSON, NV 89015-0104
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2019
$36,000,000
300 West Sahara LLC
Snow Covered Capital LLC
Grant Deed
—
Nov 28, 2018
$35,000,000
Snow Covered Capital LLC
First American Title Insu|lucky Dragon LP
Trustees Deed
related
—
May 11, 2016
—
Lucky Dragon LP
—
Deed Of Trust
related
$90,000,000 · * Other Institutional Lenders
Feb 12, 2007
$3,000,000
Sahara Investments LLC
Busher Trust
Grant Deed
$4,000,000 · Community Bk/nv
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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