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Property profile & analytics
OFF-MARKET
Retail space
3785 Las Vegas S Blvd Las Vegas, NV 89109-4333
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0424105
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Lot
0.48 ac (20,909 SF)
APN
162-21-401-023
UPID
US62-0424105
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
-
Outback Steakhouse Restaurant
-
Happy Lemon Las Vegas - Showcase Food Court (Las Vegas Strip) Cafe & Coffee Shop
-
UFODRIVE: 24/7 Car Rental - Las Vegas, The Strip Car Rental Facility
-
Dirt Dog-Showcase Mall Restaurant
-
Coca-Cola-Store Department Store
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
N & G Showcase LLC · 12 yrs held
N & G Showcase LLC
since 2014
5 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
$32,359
Tax year 2023
Assessed value
$2,069,207
Assessed 2024
Previous assessed
$2,005,539
+3.2% YoY
Effective rate
1.56%
On assessed value
Assessed land
$2,069,207
Land market value
$5,912,020
Total market value
$5,912,020
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Heating
NONE
Lot
0.48 ac (20,909 SF)
APN
162-21-401-023
UPID
US62-0424105
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
1969
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
N & G Showcase LLC
Entity
Mailing address
19 W 34TH ST FL #11, NEW YORK, NY 10001-3075
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
N & G Showcase LLC
—
Deed
related
$169,500,000 · Jpmorgan Chase Bank NA
May 30, 2014
$145,000
N & G Showcase LLC
Ccr Of Ag Showcase Ph I Owner LLC
Grant Deed
$103,500,000 · Jp Morgan Chase Bank NA
Feb 15, 2005
$142,000,000
Ccr/ag Showcase Phase I Owner LLC
Showcase Mall Joint Venture
Bargain And Sale Deed
$92,000,000 · Jpmorgan Chase Bank NA
Mar 7, 1995
$275,000
Island Plaza III
Mgm Grand Hotel INC
Grant Deed
—
Aug 19, 1993
$2,100,000
Island Plaza III
Unocal
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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