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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Outlet malls
4141 Rancho Dr Las Vegas, NV 89130-3411
Entity Owned
Free & Clear
Property ID
US62-1218870
Property summary
AI-generated overview
This exceptional 9,311-square-foot retail property, located at 4141 N Rancho Dr, Las Vegas, NV 89130, presents a significant investment opportunity. Situated on a 1.86-acre lot, this single-tenant building boasts a spacious 9,250 square feet dedicated to auto service, with a total building area of 18,561 square feet. Constructed in 1998, the property features a convenient main entrance, ample parking (108 spaces), and prominent building signage opportunities. The interior offers a 22-foot ceiling height, a sprinkler system, HVAC throughout, gas service, and municipal water/sewer connections. The property is classified as Class C and zoned C-1, Las Vegas, within Clark County (APN: 138-02-814-003). This one-story building is easily accessible via W Alexander Rd and presents a strong foundation for a variety of retail businesses, particularly those in the automotive sector. The property's size, location, and amenities make it an attractive option for both established businesses and new ventures seeking a high-visibility presence in a thriving Las Vegas market.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,795 SF
Lot
1.86 ac (81,022 SF)
APN
138-02-814-003
UPID
US62-1218870
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
-
Pep Boys (Bike/Boat/Book/etc) Store Auto Parts 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
$2.71M
Owner & transaction history
Re Las Vegas N Rancho Drive LLC
Re Las Vegas N Rancho Drive LLC
since 2025
Last sale
$2.4M
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,405,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.42M (Jun 24 2025)
Last sale anchor
$2.42M
Jun 24 2025
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
$196 / 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
$25,082
Tax year 2023
Assessed value
$871,258
Assessed 2024
Previous assessed
$848,918
+2.6% YoY
Effective rate
2.88%
On assessed value
Assessed land
$297,756
Assessed improvement
$573,502
Land market value
$850,731
Improvement market value
$1,638,577
Total market value
$2,489,308
Applied tax rate
200.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
13,795 SF
Lot
1.86 ac (81,022 SF)
APN
138-02-814-003
UPID
US62-1218870
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
OFFICE BUILDING
Est. value
$4.4M
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Re Las Vegas N Rancho Drive LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4141 N RANCHO DR, LAS VEGAS, NV 89130-3411
Ownership since
2025
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
Sep 24, 2025
$2,423,509
Re Las Vegas N Rancho Drive LLC
Pep Boys Manny Moe & Jack Of Ca LLC
Deed
—
Oct 18, 2012
—
Pep Boys Manny Moe & Jack Of Ca
—
Deed Of Trust
related
$200,000,000 · Wells Fargo Bank
Aug 15, 2008
$2,801,405
Pep Boys Manny Moe & Jack Of Ca
Wachovia Dev Corp
Grant Deed
—
Aug 20, 2003
$2,801,410
Wachovia Development Corp
State Street Bank & Trust Ct
Grant Deed
related
—
Mar 11, 1997
$934,000
State Street Bank & Trust Tte
Trotta Trust
Grant Deed
related
$43,200,000 · Citicorp Leasing INC Trustee
—
—
State Street Bk & Tr Ct Ttee
—
Deed Of Trust
related
—
—
—
State Street Bk & Tr Ct Ttee
—
Deed Of Trust
related
—
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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