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Property profile & analytics
OFF-MARKET
Estimated value
$6,120,000
Strip malls
4041 Linq Ln Las Vegas, NV 89109-9128
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0320625
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,053 SF
Lot
0.83 ac (36,155 SF)
APN
162-21-110-001
UPID
US62-0320625
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
-
Charles Austine Christmas Tree Farm
-
Battista's Hole In the Wall Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.93M
CAP Approach
CAP
$7.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.12M
Owner & transaction history
Rdg Lv LLC · 3 yrs held
Rdg Lv LLC
since 2023
Last sale
$6.3M
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
$5,960,000
ML approach
$5,925,000
CAP Approach
CAP Return
Estimation
6%
$7,680,000
6.5%
$7,090,000
7%
$6,585,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,270,000
Current use
RETAIL STORES
$7,125,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.12M
Range $5.51M – $6.73M · ±10% · vs last sale $6.30M (Apr 7 2023)
Last sale anchor
$6.30M
Apr 7 2023
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
$321 / 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
$33,826
Tax year 2023
Assessed value
$2,165,029
Assessed 2024
Previous assessed
$2,051,206
+5.5% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,909,780
Assessed improvement
$255,249
Land market value
$5,456,514
Improvement market value
$729,283
Total market value
$6,185,797
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
19,053 SF
Lot
0.83 ac (36,155 SF)
APN
162-21-110-001
UPID
US62-0320625
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
$8.3M
RETAIL STORES
Est. value
$7.1M
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Rdg Lv LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2262 S 1200TH W #102, WOODS CROSS, UT 84087-2564
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
—
Flamingo Linq LLC
—
Deed
related
$9,840,000 · German American Capital Corporation
Apr 7, 2023
$6,300,000
Rdg Lv LLC
Vegas Development LLC
Bargain And Sale Deed
—
Feb 12, 2021
—
Hole In The Wall LLC
—
Deed
related
$841,900,000 · Us Bank NA
Oct 10, 2019
—
Las Vegas Monorail Co
—
Grant Deed
related
$33,615,000 · Umb Bk
Sep 13, 2019
—
Vegas Dev LLC
—
Deed
related
—
Jul 15, 2019
—
Las Vegas Monorail Co
—
Deed
related
$100,000 · Preston Hollow Cap LLC
Apr 5, 2018
—
Hole In The Wall LLC
—
Grant Deed
related
—
Feb 20, 2018
—
Vegas Dev LLC
—
Grant Deed
related
$766,891,864 · Umb Bk
Oct 12, 2017
—
Vegas Dev LLC
Hole In The Wall LLC
Grant Deed
related
—
Jul 15, 2005
$15,500,000
Hole In The Wall LLC
Locatelli Family
Grant Deed
$25,000,000 · Locatelli Family LP
—
—
Vegas Dev LLC
—
Loan Modification
related
—
—
—
Las Vegas Monorail Co
—
Deed Of Trust
related
$100,000 · Preston Hollow Cap 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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