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Property profile & analytics
OFF-MARKET
Estimated value
$11,360,000
Community centers
1250 Nellis Blvd Las Vegas, NV 89104
Individually Owned
20-yr Hold
Free & Clear
Property ID
US62-1269797
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
FRAME
Total area
46,173 SF
Lot
4.52 ac (196,891 SF)
APN
161-04-111-003
UPID
US62-1269797
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.36M
Owner & transaction history
Nellis Crossing · 20 yrs held
Nellis Crossing
since 2005
4 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
$246 / 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
$53,017
Tax year 2023
Assessed value
$2,013,429
Assessed 2024
Previous assessed
$1,807,629
+11.4% YoY
Effective rate
2.63%
On assessed value
Assessed land
$551,295
Assessed improvement
$1,462,134
Land market value
$1,575,129
Improvement market value
$4,177,526
Total market value
$5,752,655
Applied tax rate
340.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
46,173 SF
Lot
4.52 ac (196,891 SF)
APN
161-04-111-003
UPID
US62-1269797
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
1987
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
4.52 ac
Current owner
From public records · entity-resolved
Nellis Crossing
Individual
Free & Clear · 20 yrs held
Mailing address
4560 S DECATUR BLVD STE #202, LAS VEGAS, NV 89103-5252
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
—
Nellis Crossing LP
—
Deed
related
$4,500,000 · Symetra Life Insurance Co
Jul 18, 2005
$11,700
Nellis Crossing
Las Vegas Shopping Centers Ltd
Grant Deed
—
—
—
Las Vegas Shopping Centers Ltd
—
Deed Of Trust
related
$5,300,000 · Bank Of America
—
—
Nellis Crossing LP
—
Deed Of Trust
related
$5,400,000 · Wells Fargo 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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