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Property profile & analytics
OFF-MARKET
Estimated value
$5,390,000
Bars & Pubs
4850 Camino Al Norte North Las Vegas, NV 89031-2375
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0405054
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1994
Construction
FRAME
Total area
4,000 SF
Lot
2.19 ac (95,396 SF)
APN
124-33-803-001
UPID
US62-0405054
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
-
Sinclair Gas Station Gas Station
-
Platinum Solar Energy Corporate Office
-
Korner Store-Deli & Car Wash Grocery & Convenience Store
-
ATM Atm
-
Nevada Sports and Hockey Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.51M
Blend (final)
Blend
$5.39M
Owner & transaction history
2419 29th Street LLC · 4 yrs held
2419 29th Street LLC
since 2021
Last sale
$5.4M
3 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
Method
Estimation
Statistic approach
$4,705,000
ML approach
$4,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,255,000
Current use
Blend value · Realmo final
$5.39M
Range $4.85M – $5.93M · ±10% · vs last sale $5.40M (Oct 15 2021)
Last sale anchor
$5.40M
Oct 15 2021
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
$1,348 / 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
$28,089
Tax year 2023
Assessed value
$945,670
Assessed 2024
Previous assessed
$837,301
+12.9% YoY
Effective rate
2.97%
On assessed value
Assessed land
$354,587
Assessed improvement
$591,083
Land market value
$1,013,106
Improvement market value
$1,688,809
Total market value
$2,701,915
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
Off-Market
Year built
1994
Construction
FRAME
Heating
HEAT PUMP
Buildings
6
Stories
1
Total area
4,000 SF
Lot
2.19 ac (95,396 SF)
APN
124-33-803-001
UPID
US62-0405054
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$4.3M
RESTAURANT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
6
Lot
2.19 ac
Current owner
From public records · entity-resolved
2419 29th Street LLC
Entity
Mailing address
100 CHURCHILL WAY, LANTANA, FL 33462-4700
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$5,398,531
2419 29th Street LLC
Harbour Investments INC
Bargain And Sale Deed
$3,060,000 · Umpqua Bank
Mar 1, 1994
$140,000
Harbour Inv INC
Stimson Enterpri
Grant Deed
—
—
—
Harbour Investment INC
—
Deed Of Trust
related
$607,650 · Nevada State 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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