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Property profile & analytics
OFF-MARKET
Estimated value
$8,845,000
Strip malls
1381 Sunset Rd Henderson, NV 89014-8628
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1238936
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
FRAME
Total area
18,994 SF
Lot
2.13 ac (92,783 SF)
APN
178-03-310-015
UPID
US62-1238936
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
-
We Fix It Phone Repair Computer & Electronic Repair Tech Support Center
-
Drs. Kopolow & Girisgen (Sunset) Physician
-
Harold's Chicken Restaurant
-
Batteries Plus Auto Parts Store
-
Café Zupas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.39M
CAP Approach
CAP
$7.17M
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$8.85M
Owner & transaction history
Abraham Yermian · 4 yrs held
Abraham Yermian
since 2022
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.3M
+58.8%
Restaurant
$12.1M
+44.4%
Auto repair, garage
$8.5M
+1.8%
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
$8,470,000
ML approach
$8,385,000
CAP Approach
CAP Return
Estimation
6%
$7,765,000
6.5%
$7,165,000
7%
$6,655,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,365,000
Current use
MEDICAL BUILDING
$13,280,000
Change: +59% · Conversion: Difficult
RESTAURANT
$12,080,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,515,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$8.85M
Range $7.96M – $9.73M · ±10% · vs last sale $10.00M (Apr 6 2022)
Last sale anchor
$10.00M
Apr 6 2022
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
$466 / 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
$27,897
Tax year 2023
Assessed value
$1,465,739
Assessed 2024
Previous assessed
$1,258,145
+16.5% YoY
Effective rate
1.90%
On assessed value
Assessed land
$678,708
Assessed improvement
$787,031
Land market value
$1,939,166
Improvement market value
$2,248,660
Total market value
$4,187,826
Applied tax rate
505.0000
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
2004
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
18,994 SF
Lot
2.13 ac (92,783 SF)
APN
178-03-310-015
UPID
US62-1238936
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
$8.4M
MEDICAL BUILDING
Est. value
$13.3M
RESTAURANT
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Abraham Yermian
Individual
Mailing address
11022 SANTA MONICA BLVD STE #280, LOS ANGELES, CA 90025-7531
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
—
Abraham Yermian
Gity Hekmat Ravan
Intrafamily Transfer
related
—
Feb 8, 2022
$10,000,000
Sunset Rd Plaza LLC
Ch Retail Fund I Las Vegas Sunset L
Bargain And Sale Deed
$6,000,000 · Standard Insurance Co
Dec 23, 2016
—
Ch Retail Fund I Of Las Vegas Sun
—
Deed
related
$46,050,000 · Miscellaneous Ins Co
Feb 29, 2016
$7,200,000
Ch Retail Fund I Of Las Vegas Sun
Remington Commercial I LLC
Grant Deed
related
—
May 9, 2013
$2,955,000
Remington Commercial I LLC
Kirkorian Ents LLC Money Purch
Grant Deed
—
Dec 21, 2011
$1,720,000
Kirkorian Ents LLC
Branch Bkng & Trust Co
Grant Deed
—
Aug 29, 2011
$1,328,000
Branch Bkng & Trust Co
Chicago Title Of Nevada INC
Trustees Deed
related
—
Jun 2, 2004
$6,106,500
Ford Family LLC
Corner Shops At Sunset
Grant Deed
$6,106,500 · Colonial Bank
Jun 2, 2004
—
Ford Family LLC
Ford,tr
Quit Claim Deed
related
—
Aug 26, 2003
$2,035,500
Barry Ford
Corner Shops At Stephanie LLC
Grant Deed
$1,185,500 · Corner Shops At Stephanie LLC
—
—
Ch Retail Fund I Of Las Vegas Sun
—
Deed Of Trust
related
$46,050,000 · Miscellaneous Ins Co
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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