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Property profile & analytics
OFF-MARKET
Estimated value
$6,470,000
Strip malls
10470 Cheyenne Ave Ste 120 Las Vegas, NV 89129-8733
Entity Owned
20-yr Hold
Free & Clear
Property ID
US62-0282851
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
FRAME
Total area
19,049 SF
Lot
5.72 ac (249,163 SF)
APN
137-12-817-006
UPID
US62-0282851
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.47M
Owner & transaction history
Wells Fargo Bank NA · 20 yrs held
Wells Fargo Bank NA
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+27.9%
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%
$7,680,000
6.5%
$7,090,000
7%
$6,580,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,270,000
Current use
AUTO REPAIR, GARAGE
$10,580,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$7,120,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.47M
Range $5.82M – $7.12M · ±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
$340 / 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
$85,231
Tax year 2023
Assessed value
$3,338,174
Assessed 2024
Previous assessed
$2,965,172
+12.6% YoY
Effective rate
2.55%
On assessed value
Assessed land
$1,569,727
Assessed improvement
$1,768,447
Land market value
$4,484,934
Improvement market value
$5,052,706
Total market value
$9,537,640
Applied tax rate
200.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
YES
Buildings
5
Stories
1
Total area
19,049 SF
Lot
5.72 ac (249,163 SF)
APN
137-12-817-006
UPID
US62-0282851
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$10.6M
RETAIL STORES
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Construction
FRAME
Heating
YES
Stories
1
Buildings
5
Lot
5.72 ac
Current owner
From public records · entity-resolved
Wells Fargo Bank NA
Entity
Free & Clear · 20 yrs held
Mailing address
10450 W CHEYENNE AVE STE #130, LAS VEGAS, NV 89129-8731
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2018
—
Shadow Hills Plaza LLC
—
Deed
related
$8,745,000 · Meadows Bk
Jul 21, 2006
$2,160,000
Wells Fargo Bank NA
Shadow Hills Plaza LLC
Grant Deed
related
—
Sep 2, 2005
—
Shadow Hills Plaza LLC
—
Trustees Deed
related
$7,094,166 · Nevada St Bk
—
—
Shadow Hills Plaza LLC
—
Deed Of Trust
related
$1,622,294 · Nevada State Bank
—
—
Shadow Hills Plaza LLC
—
Loan Modification
related
$7,094,166 · Nevada St Bk
—
—
Shadow Hills Plaza LLC
—
Deed Of Trust
related
$8,745,000 · Meadows Bk
—
—
Shadow Hills Plaza LLC
—
Deed Of Trust
related
$8,745,000 · Meadows Bk
—
—
Shadow Hills Plaza LLC
—
Deed Of Trust
related
$10,642,811 · 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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