New search
Property profile & analytics
OFF-MARKET
Estimated value
$54,935,000
Parking lots & garages
2427 Las Vegas S Blvd 200 Las Vegas, NV 89104-2530
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0734353
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1991
Construction
FRAME
Total area
52,470 SF
Lot
1.82 ac (79,279 SF)
APN
162-03-422-001
UPID
US62-0734353
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
-
COVID-19 Drive-thru Testing at Walgreens Medical Laboratory
-
Western Union Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
-
LibertyX Bitcoin ATM Atm
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$62.71M
Blend (final)
Blend
$54.94M
Owner & transaction history
Kb Diversified Healthcare 60 Dst · 4 yrs held
Kb Diversified Healthcare 60 Dst
since 2022
Last sale
$52.0M
3 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
$49,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$46,775,000
Current use
RESTAURANT
$37,815,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$54.94M
Range $49.44M – $60.43M · ±10% · vs last sale $52.00M (May 23 2022)
Last sale anchor
$52.00M
May 23 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
$1,047 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$74,126
Tax year 2021
Assessed value
$3,325,673
Assessed 2022
Previous assessed
$3,325,673
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$1,734,228
Assessed improvement
$1,591,445
Land market value
$4,954,937
Improvement market value
$4,546,986
Total market value
$9,501,923
Applied tax rate
203.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
YES
Buildings
3
Stories
3
Total area
52,470 SF
Lot
1.82 ac (79,279 SF)
APN
162-03-422-001
UPID
US62-0734353
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
PARKING LOT Current
Est. value
$46.8M
RESTAURANT
Est. value
$37.8M
PARKING LOT Current
RESTAURANT
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
1991
Construction
FRAME
Heating
YES
Stories
3
Buildings
3
Lot
1.82 ac
Current owner
From public records · entity-resolved
Kb Diversified Healthcare 60 Dst
Individual
Mailing address
1645 VLG CIR STE #200, LAS VEGAS, NV 89134
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2022
$52,000,000
Kb Diversified Healthcare 60 Dst
Kb Gateway On The Strip LLC
Bargain And Sale Deed
$80,000,000 · Key Bank NA
Apr 22, 2022
—
Kb Gateway On The Strip LLC
Kb Gateway On The Strip LLC
Intrafamily Transfer
related
—
Feb 14, 2022
$57,000,000
Kb Gateway On The Strip LLC
Sahara Development LLC
Bargain And Sale Deed
$49,200,000 · Western Alliance Bank
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 2427 Las Vegas S Blvd, Unit 200?
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.
