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Property profile & analytics
OFF-MARKET
Estimated value
$11,630,000
Community centers
2605 Decatur Blvd Las Vegas, NV 89102-8591
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US62-0320400
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,694 SF
Lot
6.5 ac (283,140 SF)
APN
163-12-502-006
UPID
US62-0320400
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
-
Freeway Insurance Insurance Agency
-
Still Smoking Vapor & Smoke Shop (Bike/Boat/Book/etc) Store
-
Family Insurance Center Insurance Agency
-
Nevada Alliance Soccer League Association / Organization
-
Heavenly Hands Shop (Bike/Boat/Book/etc) Store Religious Bookstore
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.20M
Blend (final)
Blend
$11.63M
Owner & transaction history
Sahara Decatur LLC · 14 yrs held
Sahara Decatur LLC
since 2012
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.63M
Range $10.47M – $12.79M · ±10%
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
$239 / 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
$65,555
Tax year 2023
Assessed value
$2,493,488
Assessed 2024
Previous assessed
$2,235,140
+11.6% YoY
Effective rate
2.63%
On assessed value
Assessed land
$1,600,449
Assessed improvement
$893,039
Land market value
$4,572,711
Improvement market value
$2,551,540
Total market value
$7,124,251
Applied tax rate
417.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
48,694 SF
Lot
6.5 ac (283,140 SF)
APN
163-12-502-006
UPID
US62-0320400
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
6.5 ac
Current owner
From public records · entity-resolved
Sahara Decatur LLC
Entity
Mailing address
50 S JONES BLVD STE #100, LAS VEGAS, NV 89107-2672
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2012
—
Sahara Decatur LLC
Becker Ents LLC
Grant Deed
related
—
May 15, 1996
—
Becker Investment Co LP
Becker Investment Co
Quit Claim Deed
related
—
May 18, 1994
—
Becker Investment Co LP
Becker Investmen
Quit Claim Deed
related
$4,700,000 · John Alden Life Insurance
—
—
Becker Investment Co LP
—
Deed Of Trust
related
$6,300,000 · Ge Capital Assurance Co
—
—
Bw Properties
—
Deed Of Trust
related
$5,000,000 · Nevada FCU
—
—
Sahara Decatur LLC
—
Deed Of Trust
related
$4,860,000 · Symetra Life Insurance Co
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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