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Property profile & analytics
OFF-MARKET
Estimated value
$2,575,000
Strip malls
2162 Lamb Blvd Las Vegas, NV 89115-5484
Entity Owned
13-yr Hold
Free & Clear
Property ID
US62-0034798
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,425 SF
Lot
3.5 ac (152,460 SF)
APN
140-20-201-001
UPID
US62-0034798
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
-
La Paz Department Store
-
La Estetica Beauty Salon Hair Salon Nail Salon
-
Gorditas El Lagunero Restaurant
-
Birrieria El Zarape 1 (Lamb) Restaurant
-
Lvk9training Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Fancy Land LLC · 13 yrs held
Fancy Land LLC
since 2012
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,120,000
6.5%
$2,880,000
7%
$2,675,000
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±10%
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
$157 / 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
$18,228
Tax year 2023
Assessed value
$870,221
Assessed 2024
Previous assessed
$803,632
+8.3% YoY
Effective rate
2.09%
On assessed value
Assessed land
$453,569
Assessed improvement
$416,652
Land market value
$1,295,911
Improvement market value
$1,190,434
Total market value
$2,486,345
Applied tax rate
340.0000
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
2
Stories
1
Total area
16,425 SF
Lot
3.5 ac (152,460 SF)
APN
140-20-201-001
UPID
US62-0034798
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
2
Lot
3.5 ac
Current owner
From public records · entity-resolved
Fancy Land LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2355 WESTWOOD BLVD #526, LOS ANGELES, CA 90064-2109
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2012
$1,100,000
Fancy Land LLC
Bank Of Las Vegas
Grant Deed
—
Feb 27, 2012
$950,000
Bank Of Las Vegas
Kolesar & Leatham
Trustees Deed
related
—
Jul 6, 2005
—
Andrew S Fonfa
Fonfa,jodi
Quit Claim Deed
related
$2,450,000 · Sterling Savings Bank
Jul 6, 2005
$3,500,000
Mele Pono Holding Co
Lamb Partners LLC
Grant Deed
—
Feb 20, 2004
$1,207,790
Lamb Partners LLC
Fonfa,andrew S
Grant Deed
$2,325,000 · Community Bank Nevada
Jan 17, 1990
$550,000
Andrew S Fonfa
Unknown
Grant Deed
—
—
—
Andrew S Fonfa
—
Deed Of Trust
related
$1,600,000 · Community Bank Nevada
—
—
Andrew S Fonfa
—
Deed Of Trust
related
$250,000 · First Security Bank Nevada
—
—
Andrew S Fonfa
—
Deed Of Trust
related
$750,000 · First Security 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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