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Property profile & analytics
OFF-MARKET
Estimated value
$91,200,000
Super regional malls
1300 Sunset Rd 2950 Henderson, NV 89014-6620
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0218140
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
518,626 SF
Lot
38.54 ac (1,678,802 SF)
APN
178-03-110-008
UPID
US62-0218140
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
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Yankee Candle Home Decor Store
-
Mrs Fields Cookies / TCBY Bakery Specialty Food Shop
-
Zales (Bike/Boat/Book/etc) Store
-
Hot Topic Clothing Store Fashion Accessories Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$91.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$91.20M
Owner & transaction history
Mershops Galleria At Sunset LLC · 2 yrs held
Mershops Galleria At Sunset LLC
since 2024
Last sale
$91.2M
6 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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
$91,200,000
ML approach
$91,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$91.20M
Range $82.08M – $100.32M · ±10% · vs last sale $91.20M (Jan 4 2024)
Last sale anchor
$91.20M
Jan 4 2024
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
$176 / 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
$988,168
Tax year 2023
Assessed value
$28,563,705
Assessed 2024
Previous assessed
$36,727,864
-22.2% YoY
Effective rate
3.46%
On assessed value
Assessed land
$6,610,283
Assessed improvement
$21,953,422
Land market value
$18,886,523
Improvement market value
$62,724,063
Total market value
$81,610,586
Applied tax rate
529.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
6
Stories
2
Total area
518,626 SF
Lot
38.54 ac (1,678,802 SF)
APN
178-03-110-008
UPID
US62-0218140
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
6
Lot
38.54 ac
Current owner
From public records · entity-resolved
Mershops Galleria At Sunset LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5752 COUNTRY CLB PKWY, SAN JOSE, CA 95138-2222
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
Mershops Galleria At Sunset LLC
—
Deed
related
—
Jan 4, 2024
$91,200,000
Mershops Galleria At Sunset LLC
Bpc Henderson LLC
Bargain And Sale Deed
—
Mar 30, 2018
—
Bpc Henderson LLC
—
Deed
related
$160,000,000 · New York St Teachers' Retireme
Mar 10, 2008
—
Bpc Henderson LLC
—
Deed Of Trust
related
$160,000,000 · Private Lender
Apr 24, 2007
—
Bpc Henderson LLC
Ranch Center Associates
Quit Claim Deed
related
—
—
—
Bpc Henderson LLC
—
Loan Modification
related
$160,000,000 · New York St Teachers' Retireme
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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