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Property profile & analytics
OFF-MARKET
Estimated value
$3,735,000
Strip malls
3899 Sunset Rd Las Vegas, NV 89120-3913
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0395878
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
11,040 SF
Lot
1.66 ac (72,310 SF)
APN
178-06-501-021
UPID
US62-0395878
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
-
Bowties Tuxedo (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Joleon Salon Hair Salon
-
Bowties Bridal Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.74M
Owner & transaction history
Owner Name Unavailable · 20 yrs held
Owner Name Unavailable
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,450,000
6.5%
$4,110,000
7%
$3,815,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,795,000
Current use
AUTO REPAIR, GARAGE
$6,130,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$4,125,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.74M
Range $3.36M – $4.11M · ±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
$338 / 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
$27,590
Tax year 2023
Assessed value
$1,069,411
Assessed 2024
Previous assessed
$940,743
+13.7% YoY
Effective rate
2.58%
On assessed value
Assessed land
$253,085
Assessed improvement
$816,326
Land market value
$723,100
Improvement market value
$2,332,360
Total market value
$3,055,460
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
11,040 SF
Lot
1.66 ac (72,310 SF)
APN
178-06-501-021
UPID
US62-0395878
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
$4.8M
AUTO REPAIR, GARAGE
Est. value
$6.1M
RETAIL STORES
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2007
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
3931 E SUNSET RD, LAS VEGAS, NV 89120-3902
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Kelley Hulsey
—
Deed
related
$4,870,000 · Pacific Premier Bank
Jun 11, 2020
—
Hulsey,kelley & Tony Trust
—
Deed
related
$75,000 · Bank Of The West
Aug 9, 2019
—
Tk Dev LLC
—
Grant Deed
related
$4,544,000 · Bank Of The West
Jul 5, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Tk Dev LLC
—
Deed Of Trust
related
$4,500,000 · Centennial Bank
—
—
Tk Dev LLC
—
Deed Of Trust
related
$435,000 · Southwest USA Bank
—
—
Tk Dev LLC
—
Deed Of Trust
related
$598,750 · Southwest USA Bank
—
—
Hulsey,kelley & Tony Trust
—
Deed Of Trust
related
$75,000 · Bank Of The West
—
—
Tk Dev LLC
—
Deed Of Trust
related
$500,000 · Valley 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.
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