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Property profile & analytics
OFF-MARKET
Estimated value
$5,270,000
Outlet malls
2651 Las Vegas N Blvd North Las Vegas, NV 89030-5807
Trust Owned
~
Est. High Equity
Property ID
US62-0753605
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
97,576 SF
Lot
8.64 ac (376,358 SF)
APN
139-13-302-002
UPID
US62-0753605
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
$5.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$5.27M
Owner & transaction history
T Adn A Living Trust
T Adn A Living Trust
since 2025
Last sale
$5.0M
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$5,335,000
ML approach
$5,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.27M
Range $4.74M – $5.80M · ±10% · vs last sale $5.00M (Jun 12 2020)
Last sale anchor
$5.00M
Jun 12 2020
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
$54 / 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
$57,548
Tax year 2023
Assessed value
$1,873,064
Assessed 2024
Previous assessed
$1,715,509
+9.2% YoY
Effective rate
3.07%
On assessed value
Assessed land
$783,766
Assessed improvement
$1,089,298
Land market value
$2,239,331
Improvement market value
$3,112,280
Total market value
$5,351,611
Applied tax rate
255.0000
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
97,576 SF
Lot
8.64 ac (376,358 SF)
APN
139-13-302-002
UPID
US62-0753605
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
8.64 ac
Current owner
From public records · entity-resolved
T Adn A Living Trust
Trust
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Poker Place Investment LLC
—
Deed
related
$120,000 · Columbia Bank
Aug 18, 2025
—
T Adn A Living Trust
Tom Massey
Deed
related
—
Jun 12, 2020
$3,400,000
477 Compton LLC
No Las Vegas Nv Legacy LLC
Correction Deed
—
Jun 12, 2020
$5,000,000
Amerco Real Estate Co
North Vegas LLC
Grant Deed
—
Mar 28, 2008
$3,400,000
477 Compton LLC
North Las Vegas Nv Legacy LLC
Grant Deed
$2,380,000 · Pacific City Bank
May 5, 2006
—
No Las Vegas Nv Legacy LLC
North Las Vegas Legacy LLC
Grant Deed
$1,942,500 · Vineyard Bank
Apr 18, 2005
—
North Las Vegas Legacy LLC
Atkinson,jack H & Virginia G
Warranty Deed
—
Dec 9, 2004
—
North Las Vegas Legacy LLC
Atkinson,jack H & Virginia G
Warranty Deed
related
—
Oct 27, 2004
—
Jack H Atkinson
Atkinson Family Trust
Quit Claim Deed
related
—
Jul 7, 1992
$3,435,000
Atkinson Family Trust
Unknown
Grant Deed
—
—
—
No Las Vegas Nv Legacy LLC
—
Deed Of Trust
related
$1,942,500 · Vineyard 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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