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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Strip malls
2800 Tropical Pkwy North Las Vegas, NV 89081-6589
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0441284
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
6,308 SF
Lot
2.4 ac (104,544 SF)
APN
124-25-301-013
UPID
US62-0441284
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
-
Health Insurance North Las Vegas Insurance Agency
-
Rivas Mexican Grill #8 Restaurant
-
Pizza Hut Take-out & Catering
-
Shell Grocery & Convenience Store
-
Cobrinha Aliante Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$3.98M
Owner & transaction history
Silver Meadow Properties · 6 yrs held
Silver Meadow Properties
since 2020
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.7M
+66.8%
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
$4,000,000
ML approach
$4,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,835,000
Current use
WAREHOUSE, STORAGE
$4,725,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,580,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $3.75M (Jan 16 2020)
Last sale anchor
$3.75M
Jan 16 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
$630 / 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
$24,246
Tax year 2023
Assessed value
$1,279,359
Assessed 2024
Previous assessed
$993,101
+28.8% YoY
Effective rate
1.90%
On assessed value
Assessed land
$614,719
Assessed improvement
$664,640
Land market value
$1,756,340
Improvement market value
$1,898,971
Total market value
$3,655,311
Applied tax rate
254.0000
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
YES
Cooling
YES
Buildings
3
Stories
1
Total area
6,308 SF
Lot
2.4 ac (104,544 SF)
APN
124-25-301-013
UPID
US62-0441284
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
$2.8M
WAREHOUSE, STORAGE
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
2.4 ac
Current owner
From public records · entity-resolved
Silver Meadow Properties
Entity
Mailing address
4755 DEAN MARTIN DR, LAS VEGAS, NV 89103-4141
Ownership since
2020
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
Jan 16, 2020
$3,750,000
Silver Meadow Properties
Willden Family Investments LLC
Bargain And Sale Deed
—
Jan 30, 2015
$1,375,000
Willden Family Investments LLC
Tropical Point LLC
Grant Deed
$726,000 · Western Alliance Bk
Feb 1, 2005
$1,700,000
Tropical Point LLC
Stgg Management Ltd
Grant Deed
—
—
—
Willden Family Investments LLC
—
Deed Of Trust
related
$525,000 · Mortgage Cap Dev
—
—
Tropical Point LLC
—
Deed Of Trust
related
$3,736,309 · Community Bank Nevada
—
—
Tropical Point LLC
—
Deed Of Trust
related
$240,000 · Valley 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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