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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Bars & Pubs
953 Desert Inn Rd Las Vegas, NV 89109-9310
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0467863
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,400 SF
Lot
0.16 ac (6,970 SF)
APN
162-15-501-005
UPID
US62-0467863
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
-
REDPUMPENTERTAINMENT High School
-
Midnight Rose Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$424k
Blend (final)
Blend
$670k
Owner & transaction history
Bradley Dean Crawford · 1 yrs held
Bradley Dean Crawford
since 2025
Last sale
$720,000
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
Method
Estimation
Statistic approach
$630,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,010,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $720k (Feb 20 2025)
Last sale anchor
$720k
Feb 20 2025
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
$479 / 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
$1,284
Tax year 2023
Assessed value
$54,904
Assessed 2024
Previous assessed
$48,948
+12.2% YoY
Effective rate
2.34%
On assessed value
Assessed land
$33,543
Assessed improvement
$21,361
Land market value
$95,837
Improvement market value
$61,031
Total market value
$156,868
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
1,400 SF
Lot
0.16 ac (6,970 SF)
APN
162-15-501-005
UPID
US62-0467863
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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$885,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bradley Dean Crawford
Individual
Mailing address
8517 SONETO LN, LAS VEGAS, NV 89117-1212
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
—
Bradley Dean Crawford
—
Deed
related
$255,000 · Hua Xiao
May 20, 2025
$720,000
Bradley Dean Crawford
Mhc Desert Inn LLC
Bargain & Sale Deed
$455,000 · Golden Star INC
Apr 8, 2025
—
Mhc Desert Inn LLC
—
Deed
related
$100,000 · Bijun Chen
Dec 16, 2024
—
Xiao Hua
—
Deed
related
$225,555 · Jianming Li
Dec 6, 2024
—
Xiao Hua
—
Deed
related
$23,235 · Chengelieng Liu
Dec 4, 2024
—
Xiao Hua
—
Deed
related
$135,555 · Jianming Li
Dec 2, 2024
—
Mhc Desert Inn LLC
—
Deed
related
$80,000 · Chunfang Zhang
Feb 17, 2023
$665,000
Mhc Desert Inn LLC
Last Thursday LLC
Bargain And Sale Deed
—
Nov 12, 2021
$550,000
Last Thursday LLC
Specialized Development LLC
Bargain And Sale Deed
—
Jan 16, 2018
$350,000
Specialized Dev LLC
Greenburg Trust
Grant Deed
$245,000 · Barbarich Cap LLC
Nov 17, 2015
$287,569
Elizabeth R Fajardo
Nevada Title Co|southwest Gaming Group LLC
Trustees Deed
—
Feb 29, 2012
$300,000
Southwest Gaming Group LLC
Pittman A L Living Trust
Grant Deed
$270,000 · Pittman Joe & Anne Fam Trust
—
—
Southwest Gaming Group LLC
—
Deed Of Trust
related
$250,000 · Greenberg Trust (pt)
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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