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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Outlet malls
3565 Flamingo Rd Las Vegas, NV 89121-5033
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0466132
Property summary
AI-generated overview
This single-story, 26,300-square-foot retail building in Las Vegas, NV, offers multiple suites for lease. Located on the highly trafficked East Flamingo Corridor at 3565 E Flamingo Rd, 89121, this Class B property boasts a prime location and excellent visibility. Currently, 20,475 square feet are available, divisible into spaces ranging from 3,000 to 20,475 contiguous square feet. Built in 1989, the building features attractive full glass facades, high ceilings, and durable concrete flooring. The property sits on 1.14 acres of land and has a 0.52 FAR. Pylon signage is available, making it ideal for businesses seeking high visibility. The building has 100 amps of power at 110/220V. Zoned C-G General Commercial, this property presents a unique opportunity for retail tenants seeking a prominent location in the East Las Vegas submarket. The property's APN is 16119102002. Four total suites are available within the building. This is an excellent opportunity for businesses seeking high visibility and convenient access to major thoroughfares.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,100 SF
Lot
1.14 ac (49,658 SF)
APN
161-19-102-002
UPID
US62-0466132
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
-
Marjorie's Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
Rock Ridge Flamingo Retail LLC · 4 yrs held
Rock Ridge Flamingo Retail LLC
since 2022
Last sale
$2.6M
4 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)
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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
$2,550,000
ML approach
$2,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.56M
Range $2.30M – $2.82M · ±10% · vs last sale $2.62M (Jun 3 2022)
Last sale anchor
$2.62M
Jun 3 2022
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
$98 / 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
$17,455
Tax year 2023
Assessed value
$682,872
Assessed 2024
Previous assessed
$601,880
+13.5% YoY
Effective rate
2.56%
On assessed value
Assessed land
$191,183
Assessed improvement
$491,689
Land market value
$546,237
Improvement market value
$1,404,826
Total market value
$1,951,063
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
26,100 SF
Lot
1.14 ac (49,658 SF)
APN
161-19-102-002
UPID
US62-0466132
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Rock Ridge Flamingo Retail LLC
Entity
Mailing address
2700 LAS VEGAS BLVD S UNIT #2209, LAS VEGAS, NV 89109-1164
Ownership since
2022
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
Jun 3, 2022
$2,620,000
Rock Ridge Flamingo Retail LLC
R & G Holdings LLC
Bargain And Sale Deed
$1,835,000 · Valley Bank Of Nevada
Sep 20, 1999
—
Hechter Trust
Hechter Trust
Quit Claim Deed
related
$2,300,000 · Commercial Federal Bank
—
—
R & G Holdings LLC
—
Deed Of Trust
related
$350,000 · Wells Fargo Bk
—
—
Hechter Trust
—
Deed Of Trust
related
$727,500 · Commercial Federal 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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