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Property profile & analytics
OFF-MARKET
Estimated value
$5,665,000
Outlet malls
1631 Lk Mead Blvd Las Vegas, NV 89106-2414
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0549635
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,685 SF
Lot
2.37 ac (103,237 SF)
APN
139-21-313-022
UPID
US62-0549635
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
-
Western Union Bank Credit Union
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Dollar General Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.93M
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.67M
Owner & transaction history
J-sant Properties LLC · 6 yrs held
J-sant Properties LLC
since 2020
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.0M
+16.1%
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
$6,095,000
ML approach
$5,925,000
CAP Approach
CAP Return
Estimation
6%
$7,785,000
6.5%
$7,185,000
7%
$6,670,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,980,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$6,265,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$5.67M
Range $5.10M – $6.23M · ±10% · vs last sale $5.33M (Mar 9 2020)
Last sale anchor
$5.33M
Mar 9 2020
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
$274 / 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
$25,265
Tax year 2023
Assessed value
$948,695
Assessed 2024
Previous assessed
$918,852
+3.2% YoY
Effective rate
2.66%
On assessed value
Assessed land
$289,064
Assessed improvement
$659,631
Land market value
$825,897
Improvement market value
$1,884,660
Total market value
$2,710,557
Applied tax rate
207.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
20,685 SF
Lot
2.37 ac (103,237 SF)
APN
139-21-313-022
UPID
US62-0549635
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
RETAIL STORES Current
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
OFFICE BUILDING
Est. value
$6.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
J-sant Properties LLC
Entity
Mailing address
90 ACOMA BLVD S STE #106, LAKE HAVASU CITY, AZ 86403-6928
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
$5,325,000
J-sant Properties LLC
Capsat Nevada LLC
Grant Deed
$3,113,806 · Morgan Stanley B 2017-c34 (ct)
Apr 27, 2017
$5,245,125
Capsat Nevada LLC
Mlk And Lake Mead Dg LLC
Bargain And Sale Deed
$3,250,000 · Starwood Mortgage Capital LLC
—
—
Mlk & Lake Mead Dg LLC
—
Deed Of Trust
related
$2,650,000 · Nevada St Bk
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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