New search
Property profile & analytics
FOR SALE
Retail space
2955 South Las Vegas Blvd Las Vegas, NV 89109
Entity Owned
Free & Clear
Property ID
US62-0326111
For Sale
1 / 2
Contact for pricing
2955 South Las Vegas Blvd, Las Vegas, NV 89109
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
STEEL FRAME
Lot
5.16 ac (224,770 SF)
APN
162-09-703-019
UPID
US62-0326111
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Siegel Lv North Strip LLC
Siegel Lv North Strip LLC
since 2025
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
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
$187,231
Tax year 2023
Assessed value
$12,676,496
Assessed 2024
Previous assessed
$12,200,400
+3.9% YoY
Effective rate
1.48%
On assessed value
Assessed land
$12,517,891
Assessed improvement
$158,605
Land market value
$35,765,403
Improvement market value
$453,157
Total market value
$36,218,560
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
5.16 ac (224,770 SF)
APN
162-09-703-019
UPID
US62-0326111
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
5.16 ac
Current owner
From public records · entity-resolved
Siegel Lv North Strip LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3790 PARADISE RD STE #250, LAS VEGAS, NV 89169-4640
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
—
Siegel Lv North Strip LLC
—
Deed
related
$160,000,000 · The Northern Trust Co
Jul 17, 2025
—
Siegel Lv North Strip LLC
Tolleson Arizona Holdings LLC
Deed
related
—
May 10, 2023
—
Siegel Lv North Strip LLC
Tolleson Arizona Holdings LLC
Re-recorded Document
related
—
Apr 10, 2023
—
Siegel Lv North Strip LLC
Tolleson Arizona Holdings LLC
Bargain And Sale Deed
—
Apr 5, 2022
$75,000,000
Siegel Lv North Strip Tolleson LLC
Las Vegas Land Acquisition 2020 Co
Bargain And Sale Deed
—
Jan 4, 2021
—
Las Vegas Land Acquisition 2020 Co
New Dewey Strip Holdings LLC
Deed In Lieu Of Foreclosure
related
—
Mar 28, 2019
—
New Las Vegas North Strip Holdings
Las Vegas North Strip Holdings Synd
Bargain And Sale Deed
$112,000,000 · Tpg Re Finance 6 LLC
Oct 23, 2017
—
Las Vegas North Strip Holdings
—
Loan Modification
related
$52,500,000 · Jp Morgan Chase Bk
Sep 29, 2017
—
Las Vegas North Strip Holdings Synd
Las Vegas North Strip Holdings Synd
Intrafamily Transfer
related
—
Oct 11, 2007
$180,000,000
Las Vegas North Strip Holdings LLC
Majestic Resorts INC
Bargain And Sale Deed
$155,000,000 · Wells Fargo Bank NA
Jan 31, 2006
—
Majestic Resorts INC
—
Trustees Deed
related
$8,500,000 · Bankwest Of Nevada
—
—
Majestic Resorts INC
—
Deed Of Trust
related
$20,000,000 · Column Financial INC
—
—
Majestic Resorts INC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
