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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Strip malls
3466 Decatur Blvd Las Vegas, NV 89102-8006
Entity Owned
Free & Clear
Property ID
US62-0185020
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,020 SF
Lot
0.46 ac (20,038 SF)
APN
162-18-110-027
UPID
US62-0185020
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
-
L.A. Insurance Insurance Agency
-
Taike Massage Alternative Medicine Practice Spa & Massage Center
-
GO Insurance Insurance Agency
-
Lily's Kitchen Restaurant
-
Taihe massage spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.77M
Owner & transaction history
Decatur Marketplace LLC
Decatur Marketplace LLC
since 2025
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+45.7%
Auto repair, garage
$3.9M
+27.9%
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%
$2,830,000
6.5%
$2,610,000
7%
$2,425,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,045,000
Current use
COMMERCIAL (GENERAL)
$4,440,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,900,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $3.25M (Jul 10 2025)
Last sale anchor
$3.25M
Jul 10 2025
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
$394 / 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
$6,270
Tax year 2023
Assessed value
$239,143
Assessed 2024
Previous assessed
$215,034
+11.2% YoY
Effective rate
2.62%
On assessed value
Assessed land
$118,945
Assessed improvement
$120,198
Land market value
$339,843
Improvement market value
$343,423
Total market value
$683,266
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
7,020 SF
Lot
0.46 ac (20,038 SF)
APN
162-18-110-027
UPID
US62-0185020
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
$3.0M
COMMERCIAL (GENERAL)
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Decatur Marketplace LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6450 SPG MTN RD STE #12, LAS VEGAS, NV 89146-8836
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
$3,249,500
Decatur Marketplace LLC
Spring 3466 LLC
Bargain & Sale Deed
—
Aug 14, 2002
—
Spring 3466 LLC
Decatur Partnership
Grant Deed
related
—
Jun 10, 2002
$250,000
Paul W Roberts
May,paul W
Grant Deed
—
May 28, 1999
—
Decatur Ptshp
Menist,garrett C
Quit Claim Deed
related
—
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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