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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Strip malls
3844 Mdws Ln 110 Las Vegas, NV 89107-3114
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0295391
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,673 SF
Lot
0.86 ac (37,462 SF)
APN
139-31-510-020
UPID
US62-0295391
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.61M
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.21M
Owner & transaction history
The Adam Kotas Group LLC · 4 yrs held
The Adam Kotas Group LLC
since 2021
Last sale
$2.1M
7 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
Method
Estimation
Statistic approach
$2,425,000
ML approach
$2,605,000
CAP Approach
CAP Return
Estimation
6%
$3,095,000
6.5%
$2,855,000
7%
$2,650,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,330,000
Current use
RETAIL STORES
$2,870,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10% · vs last sale $2.10M (Jun 10 2021)
Last sale anchor
$2.10M
Jun 10 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
$287 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$8,609
Tax year 2020
Assessed value
$262,095
Assessed 2021
Previous assessed
$262,095
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$118,005
Assessed improvement
$144,090
Land market value
$337,157
Improvement market value
$411,686
Total market value
$748,843
Applied tax rate
213.0000
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
YES
Stories
1
Total area
7,673 SF
Lot
0.86 ac (37,462 SF)
APN
139-31-510-020
UPID
US62-0295391
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.3M
RETAIL STORES
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
YES
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
The Adam Kotas Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3800 MDWS L C 1137TH S RANCHO DR #120, LAS VEGAS, NV 89102
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
—
The Adam Kotas Group LLC
3800 Meadows LLC
Re-recorded Document
related
—
Jul 29, 2021
—
The Adam Kotas Group LLC
3800 Meadows LLC
Re-recorded Document
related
—
Jun 10, 2021
$2,100,000
The Adam Kotas Group LLC
3800 Meadows LLC
Bargain And Sale Deed
$1,680,000 · 3800 Meadows LLC
Jun 3, 2021
$133,710
David Mason
Andres Courtyard LLC
Quit Claim Deed
related
—
Dec 21, 2020
$244,174
Shoughro Family Sub-trust Trust
3800 Meadows LLC
Correction Deed
—
Dec 21, 2020
$239,151
Mccrobie Family Sub-trust Trust
3800 Meadows LLC
Correction Deed
—
Apr 13, 2018
$239,151
Mccrobie Family Trust
3800 Meadows LLC
Grant Deed
—
Apr 13, 2018
$244,174
Shoughro Family Trust
3800 Meadows LLC
Grant Deed
—
Mar 28, 2016
$240,897
Andres Courtyard LLC
3800 Meadows LLC
Grant Deed
—
Mar 12, 2008
$1,500,000
3800 Meadows LLC
Morimoto,earl M
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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