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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Strip malls
2685 Eastern Ave Las Vegas, NV 89169-1889
Entity Owned
15-yr Hold
Free & Clear
Property ID
US62-0052198
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
7,200 SF
Lot
1.32 ac (57,499 SF)
APN
162-11-503-012
UPID
US62-0052198
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
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
helping kids clinic Barber Shop
-
Roberto's Taco Shop Restaurant
-
Jolie Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Cft Devs LLC · 15 yrs held
Cft Devs LLC
since 2010
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 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%
$2,905,000
6.5%
$2,680,000
7%
$2,490,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,125,000
Current use
RETAIL STORES
$2,690,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±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
$314 / 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
$18,633
Tax year 2023
Assessed value
$651,227
Assessed 2024
Previous assessed
$640,979
+1.6% YoY
Effective rate
2.86%
On assessed value
Assessed land
$191,184
Assessed improvement
$460,043
Land market value
$546,240
Improvement market value
$1,314,409
Total market value
$1,860,649
Applied tax rate
410.0000
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
2007
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
7,200 SF
Lot
1.32 ac (57,499 SF)
APN
162-11-503-012
UPID
US62-0052198
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
$3.1M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2007
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.32 ac
Current owner
From public records · entity-resolved
Cft Devs LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1120 N TOWN CTR DR STE #105, LAS VEGAS, NV 89144-6301
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Cft Nv Developments LLC
—
Deed
related
$2,175,000 · Us Bank NA
Dec 1, 2017
—
Cft Nv Devs LLC
—
Deed
related
$10,350,000 · Mufg Union Bk NA
Nov 29, 2010
—
Cft Devs LLC
Cft-ug Eastern LLC
Quit Claim Deed
related
—
Oct 27, 2005
$1,260,000
Cft Ug Eastern LLC
Andrew Jin Chan Cherng
Bargain And Sale Deed
$3,492,378 · Jpmorgan Chase Bank NA
Feb 2, 2005
$925,000
Cherng Family Trust
Eastern Avenue Co LLC
Grant Deed
—
—
—
Cft-ug Eastern LLC
—
Deed Of Trust
related
$4,515,000 · Rabobank
—
—
Cft Nv Devs LLC
—
Deed Of Trust
related
$10,350,000 · Mufg Union Bk NA
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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