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Property profile & analytics
OFF-MARKET
Estimated value
$13,950,000
Strip malls
2600 Sahara Ave Ste 120 Las Vegas, NV 89102-4366
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0024953
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
FRAME
Total area
32,200 SF
Lot
2.71 ac (118,048 SF)
APN
162-05-818-002
UPID
US62-0024953
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
$11.98M
Comparable Approach
Comparable
$13.08M
Blend (final)
Blend
$13.95M
Owner & transaction history
Jcl Property LLC · 1 yrs held
Jcl Property LLC
since 2025
Last sale
$15.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.2M
+66.0%
Commercial (general)
$20.4M
+45.7%
Auto repair, garage
$17.9M
+27.9%
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
$13,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,980,000
6.5%
$11,980,000
7%
$11,125,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,980,000
Current use
RESTAURANT
$23,205,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,365,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,885,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$13.95M
Range $12.56M – $15.35M · ±10% · vs last sale $15.80M (Jan 27 2025)
Last sale anchor
$15.80M
Jan 27 2025
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
$433 / 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
$47,890
Tax year 2023
Assessed value
$1,611,700
Assessed 2024
Previous assessed
$1,460,779
+10.3% YoY
Effective rate
2.97%
On assessed value
Assessed land
$669,332
Assessed improvement
$942,368
Land market value
$1,912,377
Improvement market value
$2,692,480
Total market value
$4,604,857
Applied tax rate
213.0000
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
1996
Construction
FRAME
Heating
YES
Stories
1
Total area
32,200 SF
Lot
2.71 ac (118,048 SF)
APN
162-05-818-002
UPID
US62-0024953
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.0M
RESTAURANT
Est. value
$23.2M
COMMERCIAL (GENERAL)
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$17.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1996
Construction
FRAME
Heating
YES
Stories
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Jcl Property LLC
Entity
Mailing address
3002 MIDVALE AVE STE #201, LOS ANGELES, CA 90034-3498
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$15,799,000
Jcl Property LLC
Bershon Lv Two LLC
Bargain & Sale Deed
$9,500,000 · Us Bank NA
Sep 30, 2014
$11,500
Bershon Lv Two LLC
Sahara-sab Nevada LLC
Grant Deed
$6,900,000 · Miscellaneous Ins Co
Apr 29, 2009
—
Sahara-sab Nevada LLC
—
Deed Of Trust
related
$7,000,000 · Zions First National Bank
Mar 3, 2004
$10,150,000
Sahara-sab Nevada LLC
Michigan Paseo Plaza LLC
Grant Deed
—
Nov 2, 1998
$3,079,000
Paseo Plaza LLC
Paseo Plaza LLC
Grant Deed
related
—
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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