Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,160,000
Strip malls
1725 Warm Spgs Rd Las Vegas, NV 89119-0420
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0509741
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,400 SF
Lot
1.78 ac (77,537 SF)
APN
177-11-101-004
UPID
US62-0509741
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
$4.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.16M
Owner & transaction history
Vac Bernardo LLC · 1 yrs held
Vac Bernardo LLC
since 2025
Last sale
$5.7M
7 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
Method
Estimation
Statistic approach
$4,730,000
ML approach
$4,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±10% · vs last sale $5.70M (Jun 4 2025)
Last sale anchor
$5.70M
Jun 4 2025
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
$211 / 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
$25,451
Tax year 2023
Assessed value
$1,027,812
Assessed 2024
Previous assessed
$867,690
+18.5% YoY
Effective rate
2.48%
On assessed value
Assessed land
$352,793
Assessed improvement
$675,019
Land market value
$1,007,980
Improvement market value
$1,928,626
Total market value
$2,936,606
Applied tax rate
470.0000
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Total area
24,400 SF
Lot
1.78 ac (77,537 SF)
APN
177-11-101-004
UPID
US62-0509741
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Vac Bernardo LLC
Entity
Mailing address
PO BOX 2061, GARDENA, CA 90247-0061
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
$5,700,000
Vac Bernardo LLC
Bernardo Springs LP
Bargain & Sale Deed
$4,758,749 · Crossfirst Bank
Apr 30, 2007
$7,495,000
Bernardo Springs
Breakout Properties LLC
Grant Deed
—
Apr 15, 2005
—
Breakout Properties LLC
Anderson,roger
Grant Deed
—
Oct 28, 2004
$3,875,000
Roger Anderson
Spencer Springs LLC
Grant Deed
$950,000 · Spencer Springs LLC
Mar 11, 2004
—
Spencer Springs LLC
—
Trustees Deed
related
$150,000 · Onodera Sumiye N Trust
Dec 16, 1994
$2,900,000
Palo Verde Center LP
Spencer Springs Center Ltd
Grant Deed
—
Jan 7, 1992
$555,730
Spencer Springs Center Ltd
Unknown
Grant Deed
—
—
—
Bernardo Springs LP
—
Deed Of Trust
related
$3,750,000 · Cantor Com'l R/e Lndg
—
—
Spencer Spring LLC
—
Deed Of Trust
related
$40,000 · Driesen Construction INC
—
—
Spencer Springs LLC
—
Deed Of Trust
related
$2,250,000 · First Bank Beverly Hills
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1725 Warm Spgs Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
