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Property profile & analytics
OFF-MARKET
Estimated value
$36,280,000
Retail properties & Spaces
3700 Maryland Pkwy, Las Vegas, NV 89119-5615
Entity Owned
12-yr Hold
Free & Clear
Property ID
US62-0349169
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
208,028 SF
Lot
2.99 ac (130,244 SF)
APN
162-14-314-001
UPID
US62-0349169
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
-
Catherine Trifiletti Industrial Manufacturer Production Facility
-
Tevakanui/Polynesian Entertainment LLC Theater & Performing Art Venue Training Center
-
BOSS. Pizza + Wings Restaurant
-
TTEC Business To Business Service
-
Barton Associates Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.28M
Owner & transaction history
Boulevard Ventures LLC · 12 yrs held
Boulevard Ventures LLC
since 2013
6 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
$174 / 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
$49,949
Tax year 2023
Assessed value
$6,937,240
Assessed 2024
Previous assessed
$5,894,924
+17.7% YoY
Effective rate
0.72%
On assessed value
Assessed land
$355,566
Assessed improvement
$6,581,674
Land market value
$1,015,903
Improvement market value
$18,804,783
Total market value
$19,820,686
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Total area
208,028 SF
Lot
2.99 ac (130,244 SF)
APN
162-14-314-001
UPID
US62-0349169
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
2.99 ac
Current owner
From public records · entity-resolved
Boulevard Ventures LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1370 JET STRM DR STE #100, HENDERSON, NV 89052-4234
Ownership since
2013
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
Nov 21, 2013
$54,500,000
Boulevard Ventures LLC
Ge 2003-c2 Boulevard Mall LLC
Grant Deed
related
—
Jun 21, 2013
—
Boulevard Mall LLC
Boulevard Anchor Acquisition
Quit Claim Deed
related
$105,788,735 · Us Bank NA Series 2003-c2 (ce)
Jun 21, 2013
$97,606,381
Ge 2003-c2 Boulevardmall INC
Boulevard Mall LLC
Deed In Lieu Of Foreclosure
related
—
Aug 30, 2011
$5,000,000
Anchor Acquisition L Boulevard
Construction Developers INC
Grant Deed
—
Oct 14, 1993
$1,000,000
Construction Developers INC
Boulevard Assoc
Grant Deed
—
—
—
Boulevard Ventures LLC
—
Deed Of Trust
related
$31,600 · Dt Grat Cs LLC
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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