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Property profile & analytics
OFF-MARKET
Turn key restaurants
400 Flamingo Rd Las Vegas, NV 89169-4813
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US62-0460213
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Construction
FRAME
Total area
11,993 SF
Lot
0.58 ac (25,265 SF)
APN
162-22-102-001
UPID
US62-0460213
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
-
Morton's The Steakhouse Restaurant
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
Fc Properties LLC · 22 yrs held
Fc Properties LLC
since 2003
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
$4,836
Tax year 2023
Assessed value
$530,565
Assessed 2024
Previous assessed
$498,731
+6.4% YoY
Effective rate
0.91%
On assessed value
Assessed land
$530,565
Land market value
$1,515,900
Total market value
$1,515,900
Applied tax rate
470.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
11,993 SF
Lot
0.58 ac (25,265 SF)
APN
162-22-102-001
UPID
US62-0460213
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
2000
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Fc Properties LLC
Entity
Mailing address
800 KANTERN CRST WAY UNIT #100, SANTEE, CA 92071
Ownership since
2003
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
Mar 31, 2011
—
Fc Income Properties LLC
—
Deed Of Trust
related
$18,100,000 · Ing Life Ins & Annunity Co
Dec 8, 2004
—
Buca Restaurants 2 INC
—
Deed Of Trust
related
$35,000,000 · Wells Fargo Foothill INC
Dec 24, 2003
—
Fc Income Properties LLC
—
Deed Of Trust
related
$18,000,000 · Transamerica Life Insurance Co
Oct 27, 2003
$24,845,000
Fc Properties LLC
Nevada Power Co
Grant Deed
$18,262,245 · Lasalle National Bank
Oct 27, 2003
$550,250
Fc Income Properties LLC
Fc Properties LLC
Grant Deed
—
Oct 27, 2003
—
Fc Income Properties
Michael Supera Family LP
Grant Deed
related
—
Mar 3, 2003
—
Buca INC
—
Deed Of Trust
related
$25,000,000 · Fleet National Bank Trustee
Oct 15, 1999
—
Vegas Paradise LLC
—
Grant Deed
related
$1,000,000 · San Diego National Bank
—
—
Vegas Paradise LLC
—
Deed Of Trust
related
$2,800,000 · Bank Of Hemet
—
—
Advantaged Asset Acquisitions
—
Deed Of Trust
related
$5,500,000 · Western Alliance Bk
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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