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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Strip malls
2585 Flamingo Rd Las Vegas, NV 89121-5254
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0318667
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,560 SF
Lot
1.7 ac (74,052 SF)
APN
162-24-102-001
UPID
US62-0318667
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
-
Magoo's Bar & Pub
-
Iglesia de Jesucristo Palabra Miel Church
-
Sin City Tacos Restaurant
-
lindo michocan mexican restaurant Restaurant
-
Minuteman Press Las Vegas Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Joseph Delucia LLC · 4 yrs held
Joseph Delucia LLC
since 2022
Last sale
$1.4M
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
$1,330,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.37M (Jun 8 2022)
Last sale anchor
$1.37M
Jun 8 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
$63 / 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
$17,560
Tax year 2023
Assessed value
$666,260
Assessed 2024
Previous assessed
$601,651
+10.7% YoY
Effective rate
2.64%
On assessed value
Assessed land
$285,100
Assessed improvement
$381,160
Land market value
$814,571
Improvement market value
$1,089,029
Total market value
$1,903,600
Applied tax rate
470.0000
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
YES
Stories
1
Total area
21,560 SF
Lot
1.7 ac (74,052 SF)
APN
162-24-102-001
UPID
US62-0318667
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
YES
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Joseph Delucia LLC
Entity
Mailing address
1820 E WARM SPGS RD STE #120, LAS VEGAS, NV 89119-4593
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
—
Joseph Delucia LLC
Joseph Delucia
Intrafamily Transfer
related
—
Oct 13, 2021
—
Joseph Delucia
Michael Delucia
Intrafamily Transfer
related
—
Oct 14, 2016
—
Delucia Family Trust
Delucia Joseph & S Trust
Quit Claim Deed
related
—
Mar 20, 1998
$1,367,000
Joseph Delucia
Rosecrest Center Partnership
Grant Deed
$1,290,000 · Southwest Exchange Corp
Mar 16, 1990
$893,000
Rosecrest Center Partnership
Unknown
Grant Deed
—
—
—
Delucia Joseph Trust
—
Deed Of Trust
related
$1,007,000 · Sterling Bank
—
—
Delucia Joseph Trust
—
Deed Of Trust
related
$1,007,000 · Sterling Bank
—
—
Rosecrest Center Partnership
—
Deed Of Trust
related
$950,000 · Community 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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