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Property profile & analytics
OFF-MARKET
Bars & Pubs
3835 Martin Ave Las Vegas, NV 89118-4531
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0260250
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2008
Construction
FRAME
Total area
3,907 SF
Lot
0.58 ac (25,265 SF)
APN
177-06-602-006
UPID
US62-0260250
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
-
PT's Gold 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
by Request
Owner & transaction history
Ligon Properties LLC · 8 yrs held
Ligon Properties LLC
since 2017
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$9,061
Tax year 2023
Assessed value
$354,566
Assessed 2024
Previous assessed
$314,716
+12.7% YoY
Effective rate
2.56%
On assessed value
Assessed land
$137,240
Assessed improvement
$217,326
Land market value
$392,114
Improvement market value
$620,931
Total market value
$1,013,045
Applied tax rate
635.0000
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
2008
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
3,907 SF
Lot
0.58 ac (25,265 SF)
APN
177-06-602-006
UPID
US62-0260250
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
2008
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Ligon Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1236 COAST VLG CIR STE H, SANTA BARBARA, CA 93108-3733
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2017
$2,500,000
Ligon Properties LLC
Lucca Real Property Ix LLC
Grant Deed
—
Feb 15, 2017
$1,400,000
Lucca Real Property Ix LLC
Mkd Nevada Properties LLC
Bargain And Sale Deed
$1,190,000 · Western Alliance Bank
Feb 25, 2011
$650,000
Mkd Nevada Properties LLC
Gibson Family Trust
Grant Deed
$325,000 · Gibson Family Trust
Jun 17, 2010
$1,404,621
Gibson Family Trust
Regency Lounge LLC
Quit Claim Deed
related
—
Sep 17, 2007
—
Regency Lounge LLC
Gibson D & D Trust
Grant Deed
—
Aug 27, 2007
—
Gibson D & D Trust
Gibson,danny C & Dianna R
Quit Claim Deed
related
—
Sep 27, 2006
—
Hazel Pushnick
Pushnick,louis
Quit Claim Deed
related
—
Sep 27, 2006
$700,000
William C Gibson
Pushnick,hazel
Grant Deed
$500,000 · Investment Property Exchange
—
—
Mkd Nevada Properties LLC
—
Deed Of Trust
related
$710,500 · Western Alliance Bk
—
—
Regency Lounge LLC
—
Deed Of Trust
related
$250,000 · Nevada Commerce Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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