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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Outlet malls
2625 Maryland Pkwy Las Vegas, NV 89109-1666
Individually Owned
1-yr Hold
Free & Clear
Property ID
US62-0504829
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1972
Construction
CONCRETE
Total area
18,948 SF
Lot
0.99 ac (43,124 SF)
APN
162-10-502-016
UPID
US62-0504829
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
-
Furniture World Superstores Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.84M
CAP Approach
CAP
$6.58M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$4.94M
Owner & transaction history
Redevelopment Agency Of Clark Count · 1 yrs held
Redevelopment Agency Of Clark Count
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.2M
+16.1%
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
$4,730,000
ML approach
$4,840,000
CAP Approach
CAP Return
Estimation
6%
$7,130,000
6.5%
$6,580,000
7%
$6,110,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,085,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,225,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$5,740,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.94M
Range $4.45M – $5.43M · ±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
$261 / 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
$9,569
Tax year 2023
Assessed value
$376,824
Assessed 2024
Previous assessed
$334,197
+12.8% YoY
Effective rate
2.54%
On assessed value
Assessed land
$181,121
Assessed improvement
$195,703
Land market value
$517,489
Improvement market value
$559,151
Total market value
$1,076,640
Applied tax rate
411.0000
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
1972
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
18,948 SF
Lot
0.99 ac (43,124 SF)
APN
162-10-502-016
UPID
US62-0504829
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
RETAIL STORES Current
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
OFFICE BUILDING
Est. value
$5.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1972
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Redevelopment Agency Of Clark Count
Individual
Free & Clear · 1 yrs held
Mailing address
2 HARTFORD DR STE #206, TINTON FALLS, NJ 07701-4939
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Redevelopment Agency Of Clark Count
S4a004 LLC
Bargain & Sale Deed
—
Feb 13, 2023
$5,000,000
S4 A004 LLC
Vfr Melbury LLC
Bargain And Sale Deed
—
Dec 1, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 30, 2009
—
Saltman M A & S Living Trust
Nevada Title Co
Trustees Deed
related
—
Oct 16, 2009
$4,590,000
Saltman M A Living
Nevada Title Co
Trustees Deed
—
Sep 4, 2007
$7,950,000
Melbury Devs USA LLC
Goodman Family Trust
Grant Deed
$10,900,000 · Saltman M A & S Living Trust
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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