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Property profile & analytics
OFF-MARKET
Estimated value
$8,605,000
Retail space
4440 Tropicana Ave Las Vegas, NV 89121-6719
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0001910
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,920 SF
Lot
0.22 ac (9,583 SF)
APN
161-20-415-002
UPID
US62-0001910
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
-
JASN- Inspiration Center Charitable Organization Social Service Agency
-
Junior Achievement of Southern Nevada Charitable Organization Social Service Agency
-
karelin Studio Wedding Service Photography Service
-
Las Vegas Tire Mart & Co. (Bike/Boat/Book/etc) Store Auto Parts Store
-
Quality Used Tires Auto Parts Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.61M
Owner & transaction history
Junior Achievement Of Southern Nv I · 3 yrs held
Junior Achievement Of Southern Nv I
since 2023
Last sale
$8.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+92.8%
Commercial (general)
$6.3M
+69.2%
Auto repair, garage
$5.5M
+48.6%
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
$8,275,000
ML approach
$8,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,150,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,275,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,510,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$8.61M
Range $7.74M – $9.47M · ±10% · vs last sale $8.75M (Feb 21 2023)
Last sale anchor
$8.75M
Feb 21 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
$867 / 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
$9,824
Tax year 2023
Assessed value
$384,748
Assessed 2024
Previous assessed
$338,999
+13.5% YoY
Effective rate
2.55%
On assessed value
Assessed land
$26,832
Assessed improvement
$357,916
Land market value
$76,663
Improvement market value
$1,022,617
Total market value
$1,099,280
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
9,920 SF
Lot
0.22 ac (9,583 SF)
APN
161-20-415-002
UPID
US62-0001910
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
RESTAURANT
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Junior Achievement Of Southern Nv I
Individual
Free & Clear · 3 yrs held
Mailing address
6140 BRENT THURMAN WAY #140, LAS VEGAS, NV 89148-5016
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
$8,750,000
Junior Achievement Of Southern Nv I
Rss Bnk2019 Bnk21 Nv 2ht LLC
Bargain And Sale Deed
—
Apr 12, 2022
$5,350,021
Rss Bnk2019 Bnk21 Nv 2ht LLC
24 Hour Tropicana LLC
Trustees Deed
related
—
Aug 15, 2019
$13,730,895
24 Hour Tropicana LLC
Tropicana 4440 LP
Bargain And Sale Deed
$8,700,000 · Wells Fargo Bank NA
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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