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Property profile & analytics
OFF-MARKET
Turn key restaurants
9415 Tropicana Ave Las Vegas, NV 89147-8469
Entity Owned
21-yr Hold
Free & Clear
Property ID
US62-0295610
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
FRAME
Total area
3,314 SF
Lot
1.15 ac (50,094 SF)
APN
163-30-512-006
UPID
US62-0295610
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
-
Phantom Fireworks Stand Discount Store Party Supply Store
-
McDonald's Restaurant Take-out & Catering
-
Hilt Bitcoin ATM Las Vegas Atm
-
Western Union Bank Credit Union
-
Chevron Las Vegas Gas Station
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
System Capital Real Ppty Co · 21 yrs held
System Capital Real Ppty Co
since 2004
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
$29,518
Tax year 2023
Assessed value
$1,177,552
Assessed 2024
Previous assessed
$1,107,880
+6.3% YoY
Effective rate
2.51%
On assessed value
Assessed land
$583,846
Assessed improvement
$593,706
Land market value
$1,668,131
Improvement market value
$1,696,303
Total market value
$3,364,434
Applied tax rate
417.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2002
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
3,314 SF
Lot
1.15 ac (50,094 SF)
APN
163-30-512-006
UPID
US62-0295610
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
2002
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
System Capital Real Ppty Co
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 182571, COLUMBUS, OH 43218-2571
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
Terrible Herbst INC
—
Deed
related
$1,600,000 · Capital One NA
Apr 2, 2021
—
Herbst Development LLC
—
Deed
related
$64,483,250 · Western Alliance Bank
Jul 24, 2020
—
Herbst Hc LLC
—
Deed
related
$35,729,000 · Western Alliance Bk
Dec 22, 2017
—
Herbst Hc LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
May 9, 2016
—
Herbst Dev LLC
—
Deed
related
$4,236,287 · Western Alliance Bk
Jun 16, 2011
—
Herbst Dev LLC
—
Deed Of Trust
related
$11,400,000 · Bank Of Nevada
Aug 20, 2004
—
System Capital Real Ppty Co
Owner Name Unavailable
Grant Deed
related
—
Mar 31, 2004
—
Herbst Development LLC
—
Deed Of Trust
related
$12,000,000 · Bankwest Of Nevada
—
—
Herbst Dev LLC
—
Loan Modification
related
$27,658,250 · Western Alliance Bk
—
—
Herbst Dev LLC
—
Loan Modification
related
$4,236,287 · Western Alliance Bk
—
—
Herbst Dev LLC
—
Loan Modification
related
$4,237,500 · Western Alliance Bk
—
—
Herbst Hc LLC
—
Deed Of Trust
related
$35,729,000 · 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.
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