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Property profile & analytics
OFF-MARKET
Strip malls
2625 Tropicana Ave Las Vegas, NV 89121-7392
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US62-0361814
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Lot
0.34 ac (14,810 SF)
APN
162-25-102-002
UPID
US62-0361814
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
-
Jamaican Vybz Bar & Grill Restaurant
-
XO Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Oasis Laundromat (Bike/Boat/Book/etc) Store
-
PhoneWorld Mobile Phone Store Electronics & Wireless Store
-
Coin Cloud Bitcoin ATM Atm Crypto Atm
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
2615 Tropicana Avenue LLC · 21 yrs held
2615 Tropicana Avenue LLC
since 2004
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
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
$1,373
Tax year 2023
Assessed value
$62,202
Assessed 2024
Previous assessed
$51,835
+20.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$62,202
Land market value
$177,720
Total market value
$177,720
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
1980
Heating
NONE
Lot
0.34 ac (14,810 SF)
APN
162-25-102-002
UPID
US62-0361814
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
1980
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
2615 Tropicana Avenue LLC
Entity
Mailing address
1333 N BUFFALO DR UNIT #120, LAS VEGAS, NV 89128-3636
Ownership since
2004
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
Dec 6, 2019
—
2615 Tropicana Avenue LLC
—
Grant Deed
related
$2,280,000 · Pacific Premier Bk
Aug 31, 2012
—
2615 Tropicana Avenue LLC
—
Deed Of Trust
related
$1,540,000 · Wedbush Bank
Sep 17, 2004
$3,825,000
2615 Tropicana Avenue LLC
Gull Las Vegas LLC
Grant Deed
—
Jul 30, 2003
$200,000
William B Burch
Burch,lynda V
Quit Claim Deed
related
—
Oct 23, 2002
—
Gullas Vegas LLC
—
Deed Of Trust
related
$2,250,000 · Ubs Warburg Real Estate Inv
May 24, 2001
$2,694,000
Gull Las Vegas LLC
Topaz Plaza Ltd
Grant Deed
$1,912,500 · Nevada State Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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