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Property profile & analytics
OFF-MARKET
Estimated value
$39,350,000
Retail space
450 Fremont St 159 Las Vegas, NV 89101-5623
Individually Owned
15-yr Hold
Free & Clear
Property ID
US62-0293400
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
181,454 SF
Lot
2.75 ac (119,790 SF)
APN
139-34-513-002
UPID
US62-0293400
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
-
Gene Woods racing experience On Fremont Street Go-Kart Track
-
Diva Royale Drag Queens Show Theater & Performing Art Venue
-
The Little Neon Chapel Wedding Service Church
-
Elvis Weddings in Vegas Wedding Service
-
Crash N Burn Las Vegas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$54.27M
Blend (final)
Blend
$39.35M
Owner & transaction history
Owner Name Unavailable · 15 yrs held
Owner Name Unavailable
since 2011
6 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
$39.35M
Range $35.42M – $43.29M · ±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
$217 / 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
$82,233
Tax year 2023
Assessed value
$17,036,627
Assessed 2024
Previous assessed
$15,415,598
+10.5% YoY
Effective rate
0.48%
On assessed value
Assessed land
$1,530,317
Assessed improvement
$15,506,310
Land market value
$4,372,334
Improvement market value
$44,303,743
Total market value
$48,676,077
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Total area
181,454 SF
Lot
2.75 ac (119,790 SF)
APN
139-34-513-002
UPID
US62-0293400
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
2.75 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 15 yrs held
Mailing address
450 FREMONT ST STE #285, LAS VEGAS, NV 89101-5627
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 21, 2006
$25,000,000
Faec Holdings Wirrulla LLC
World Entertainment Ctrs LLC
Grant Deed
—
—
—
Faec Holdings Wirrulla LLC
—
Deed Of Trust
related
$11,284,233 · Manilal Bhanabhai
—
—
Faec Holdings Wirrulla LLC
—
Deed Of Trust
related
$21,000,000 · Hsbc Bank USA
—
—
Wirrulla Hayward LLC
—
Deed Of Trust
related
$12,000,000 · Hsbc Bank USA
—
—
Wirrulla Hayward LLC
—
Deed Of Trust
related
$17,000,000 · Hsbc Bank USA
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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