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Property profile & analytics
OFF-MARKET
Outlet malls
249 Stephanie St Ste 100 Henderson, NV 89074-8376
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0203657
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
CONCRETE
Total area
10,622 SF
Lot
1.08 ac (47,045 SF)
APN
178-09-801-006
UPID
US62-0203657
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sean Rezazadeh · 1 yrs held
Sean Rezazadeh
since 2025
Last sale
$6.1M
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,111
Tax year 2023
Assessed value
$841,086
Assessed 2024
Previous assessed
$775,907
+8.4% YoY
Effective rate
2.39%
On assessed value
Assessed land
$296,377
Assessed improvement
$544,709
Land market value
$846,791
Improvement market value
$1,556,311
Total market value
$2,403,102
Applied tax rate
505.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
10,622 SF
Lot
1.08 ac (47,045 SF)
APN
178-09-801-006
UPID
US62-0203657
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
2002
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Sean Rezazadeh
Individual
Mailing address
PO BOX 371473, LAS VEGAS, NV 89137-1473
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
—
Sean Rezazadeh
Neda Rezazadeh
Deed
related
—
Apr 23, 2025
$6,100,000
Khusrow Roohani
Space Shadow LLC
Bargain & Sale Deed
—
Jan 19, 2022
—
Space Shadow LLC
—
Deed
related
$3,850,000 · Avatar Reit I LLC
Aug 25, 2020
—
Space Shadow LLC
—
Deed
related
$645,000 · 24th Street Debt Fund 1 LLC
Jun 21, 2018
—
Space Shadow LLC
—
Deed
related
$300,000 · Kamran Zand
Aug 20, 2014
$1,260,000
Space Shadow LLC
Stephanie 249 LLC
Bargain And Sale Deed
$1,578,500 · Jpmorgan Chase Bank NA
Jan 14, 2011
$1,450,000
Stephanie 249 LLC
Fischer Family Trust
Grant Deed
$735,000 · Nevada State Bank
Oct 26, 2004
—
Fischer Robert & Suriva Tr
—
Deed Of Trust
related
$1,406,250 · Nevada State Bank
Jul 6, 2001
$875,000
Fischer Trust
Stephanie Partners LLC
Grant Deed
$2,193,000 · Nevada State Bank
—
—
Fischer Family Trust
—
Deed Of Trust
related
$213,240 · Nevada State Bank
—
—
Space Shadow LLC
—
Deed Of Trust
related
$200,000 · Garen Azatyan
—
—
Space Shadow LLC
—
Deed Of Trust
related
$100,000 · Ovsanna R Ter-galstyan
—
—
Space Shadow LLC
—
Deed Of Trust
related
$300,000 · Kamran Zand
—
—
Space Shadow LLC
—
Deed Of Trust
related
$645,000 · 24th Street Debt Fund 1 LLC
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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