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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Strip malls
2481 Decatur Blvd Las Vegas, NV 89108-2958
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0200814
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
0.35 ac (15,246 SF)
APN
139-18-402-001
UPID
US62-0200814
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
-
Visions Health & Wellness LLC Crisis Center Medical Clinic
-
Laura Lynch Foster Care Service Social Service Agency
-
Broadway Solutions Nevada Inc Employment Agency
-
Iglesia Evangelica Cristo Viene Church
-
shekinah glory house of refuge Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Visions 3 LLC · 5 yrs held
Visions 3 LLC
since 2020
Last sale
$825,000
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
$945,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $825k (Sep 23 2020)
Last sale anchor
$825k
Sep 23 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
$185 / 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
$5,333
Tax year 2023
Assessed value
$187,413
Assessed 2024
Previous assessed
$165,164
+13.5% YoY
Effective rate
2.85%
On assessed value
Assessed land
$50,693
Assessed improvement
$136,720
Land market value
$144,837
Improvement market value
$390,629
Total market value
$535,466
Applied tax rate
200.0000
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
5,000 SF
Lot
0.35 ac (15,246 SF)
APN
139-18-402-001
UPID
US62-0200814
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
0.35 ac
Current owner
From public records · entity-resolved
Visions 3 LLC
Entity
Mailing address
2481 N DECATUR BLVD, LAS VEGAS, NV 89108-2958
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2020
$825,000
Visions 3 LLC
Stone Meadow LLC
Bargain And Sale Deed
$618,750 · Clark County Cu
Dec 19, 2002
—
Stone Meadow LLC
Parsons,kevin B & Sherri
Grant Deed
related
—
Jul 18, 2002
$665,000
Kevin Parsons
Rose Trust
Grant Deed
$425,000 · Nevada First Bank
Jan 2, 2002
$100,000
Rose Trust
C & R Enterprises
Grant Deed
—
Apr 30, 1997
—
C & R Enterprises
Rose Trust
Grant Deed
$415,000 · Pioneer Citizens Bank Nevada
Jul 2, 1993
$250,000
Rose Trust
Decatur Leasing
Grant Deed
—
Jul 2, 1993
—
Rose Trust
Decatur Leasing
Grant Deed
related
—
—
—
Stone Meadow LLC
—
Deed Of Trust
related
$355,000 · Bankwest Of 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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