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Property profile & analytics
OFF-MARKET
Estimated value
$3,720,000
Strip malls
1820 Lk Mead Blvd North Las Vegas, NV 89030-0160
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0234128
Property summary
AI-generated overview
The Square, located at 1820 E Lake Mead Blvd, North Las Vegas, NV 89030, presents a compelling investment opportunity. This two-building, Class C property, totaling 28,129 square feet, offers a diverse mix of retail, office, and restaurant spaces. Built in 1979 and extensively renovated in 2018, the property features 15 suites across one story, with 9,094 square feet currently vacant. The property benefits from excellent street visibility and accessibility, situated at the signalized intersection of E Lake Mead Blvd and Mc Daniels St, directly across from North Vista Hospital. Convenient access is provided via Interstate 15 and RTC bus routes. The 2018 renovation included a new pylon sign. The property is zoned R-A DC in Clark County's North Las Vegas submarket. Tenant improvements are available upon approved credit. One immediately available space totals 2,250 square feet. This multi-tenant property offers a unique blend of medical office and creative office space, making it ideal for a variety of businesses. The property's location and recent renovations make it a highly attractive investment.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,890 SF
Lot
1.91 ac (83,200 SF)
APN
139-23-601-009
UPID
US62-0234128
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
-
El Rincón Nayarita Bar & Pub
-
Wonderment (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Complete Medical Center Medical Clinic
-
Styles Salon Suites Hair Salon Nail Salon
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.72M
Owner & transaction history
Assisting Seniors Coast To Coast Ll · 6 yrs held
Assisting Seniors Coast To Coast Ll
since 2020
Last sale
$3.6M
5 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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$3,790,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
$5,505,000
6.5%
$5,080,000
7%
$4,720,000
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±10% · vs last sale $3.55M (Mar 6 2020)
Last sale anchor
$3.55M
Mar 6 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
$156 / 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
$21,915
Tax year 2023
Assessed value
$730,749
Assessed 2024
Previous assessed
$667,558
+9.5% YoY
Effective rate
3.00%
On assessed value
Assessed land
$254,800
Assessed improvement
$475,949
Land market value
$728,000
Improvement market value
$1,359,854
Total market value
$2,087,854
Applied tax rate
253.0000
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
23,890 SF
Lot
1.91 ac (83,200 SF)
APN
139-23-601-009
UPID
US62-0234128
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
Assisting Seniors Coast To Coast Ll
Individual
Mailing address
1820 E WARM SPGS RD STE #120, LAS VEGAS, NV 89119-4593
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2020
$3,550,000
Assisting Seniors Coast To Coast Ll
Passco Lake Meade LLC
Bargain And Sale Deed
$2,470,000 · American First National Bank
Aug 28, 2017
$260,000
Passco Lake Meade LLC
Lake Mead Income Partners
Bargain And Sale Deed
—
Sep 18, 1997
—
North Las Vegas City (nv)
Lake Head Income Partners
Grant Deed
related
—
Sep 25, 1990
$2,650,000
Mead Income Partners Lake
Unknown
Grant Deed
—
—
—
Mead Income Partners Lake
—
Deed Of Trust
related
$2,500,000 · Wells Fargo Bank Nevada
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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