Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Strip malls
3700 Desert Inn Rd Las Vegas, NV 89121-3350
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0032946
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
0.5 ac (21,780 SF)
APN
161-07-420-003
UPID
US62-0032946
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
-
Wo Fat Chinese Restaurant Restaurant
-
AGENCY18 (חי) - Full Service Digital Marketing Agency Advertising Agency Marketing & Advertising
-
SALUD MEDICAL CENTER Medical Clinic
-
Nakamoto SEO Marketing & Advertising
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.04M
Owner & transaction history
6440 Schirlls LLC · 3 yrs held
6440 Schirlls LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+66.0%
Commercial (general)
$3.2M
+45.7%
Auto repair, garage
$2.8M
+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
$4,320,000
ML approach
$4,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,605,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,160,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,775,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10% · vs last sale $3.74M (Dec 3 2021)
Last sale anchor
$3.74M
Dec 3 2021
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
$807 / 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
$4,575
Tax year 2023
Assessed value
$179,036
Assessed 2024
Previous assessed
$157,057
+14.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$76,230
Assessed improvement
$102,806
Land market value
$217,800
Improvement market value
$293,731
Total market value
$511,531
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
5,000 SF
Lot
0.5 ac (21,780 SF)
APN
161-07-420-003
UPID
US62-0032946
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
RESTAURANT
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RESTAURANT
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
6440 Schirlls LLC
Entity
Free & Clear · 3 yrs held
Mailing address
140 S DECATUR BLVD, LAS VEGAS, NV 89107-2906
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$1,770,000
6440 Schirlls LLC
Father & Son Group
Bargain & Sale Deed
—
Dec 3, 2021
$3,739,843
Miguel Constantino
Aner Iglesias
Grant Deed
—
Nov 15, 2021
—
William P Miguel
William P Miguel
Intrafamily Transfer
related
—
Nov 10, 2021
—
Aner Iglesias
Desert Inn Road Plaza LLC
Re-recorded Document
related
—
Jun 21, 2021
—
Aner Iglesias
Aner Iglesias
Correction Deed
related
—
Feb 1, 2019
$912,000
Father & Son Group
Heriha Universal Ltd
Grant Deed
$857,000 · Readycap Lndg
Jul 26, 2017
—
Heriha Universal Ltd
—
Deed
related
$350,000 · Us Metro Bk
Jan 5, 2017
$650,000
Heriha Universal Ltd
Nancor Holdings LLC
Grant Deed
—
Feb 11, 2013
—
Miguel Family 1993 Trust
—
Deed Of Trust
related
$3,050,000 · Banco Popular NA
Feb 7, 2007
$5,000,000
Desert Inn Road Plaza LLC
Victor Page
Bargain And Sale Deed
$3,020,000 · Banco Popular North America
Dec 29, 1995
$1,250,000
Victor W Apge
First Union Nat'l Bank Florida
Grant Deed
$875,000 · Imperial Thrift & Loan
Jul 8, 1993
$1,927,093
Gables Fed'l S Coral
Las Vegas Inv As
Trustees Deed
related
—
—
—
Victor W Page
—
Deed Of Trust
related
$1,824,000 · Jackson 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.
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?”
You own 3700 Desert Inn Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
