New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,615,000
Retail space
3791 Las Vegas S Blvd Las Vegas, NV 89109-4346
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0363394
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
STEEL FRAME
Total area
43,530 SF
Lot
0.65 ac (28,314 SF)
APN
162-21-401-007
UPID
US62-0363394
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
-
Tix4Vegas (Tix4Tonight) - Showcase Mall Event Planning
-
Hop On Hop Off - Las Vegas Travel Agency Tour Operator
-
Lids - Las Vegas Flagship Hat Shop Sportswear Store
-
Aerie Store Clothing & Fashion Store
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.62M
Owner & transaction history
Nakash Showcase II LLC · 8 yrs held
Nakash Showcase II LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.9M
+16.1%
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%
$16,380,000
6.5%
$15,120,000
7%
$14,040,000
Alternative Use
Use
Estimation
RETAIL STORES
$16,275,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,895,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$13,180,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$11.62M
Range $10.45M – $12.78M · ±10%
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
$267 / 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
$145,635
Tax year 2023
Assessed value
$5,692,090
Assessed 2024
Previous assessed
$5,320,255
+7.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$2,937,295
Assessed improvement
$2,754,795
Land market value
$8,392,271
Improvement market value
$7,870,843
Total market value
$16,263,114
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
2001
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Total area
43,530 SF
Lot
0.65 ac (28,314 SF)
APN
162-21-401-007
UPID
US62-0363394
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
RETAIL STORES Current
Est. value
$16.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.9M
OFFICE BUILDING
Est. value
$13.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2001
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Nakash Showcase II LLC
Entity
Mailing address
19 W 34TH ST FL #11, NEW YORK, NY 10001-3075
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2018
—
Nakash Showcase II LLC
Ip Partners Spe LLC
Grant Deed
related
$256,000,000 · Wfb NA
Feb 27, 2017
—
Nakash Showcase II LLC
—
Loan Modification
related
$45,000,000 · Wells Fargo Bk
Dec 2, 2015
$82,850,000
Nakash Showcase I LLC
Ip Partners Spe LLC
Bargain And Sale Deed
—
Dec 30, 2010
—
Ip Partners Spe LLC
Ip Partners LLC
Quit Claim Deed
related
$22,500,000 · Wells Fargo Bank
Sep 30, 1999
—
Ip Partners LLC
Island Plaza
Quit Claim Deed
related
$13,630,000 · Pioneer Citizens Bank Nevada
—
—
Island Plaza
—
Deed Of Trust
related
$750,000 · Simkins Real Estate Partners
—
—
Ip Partners LLC
—
Deed Of Trust
related
$20,500,000 · John Hancock Life Insurance Co
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 3791 Las Vegas S Blvd?
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.
