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Property profile & analytics
FOR LEASE
Strip malls
4440 E Washington Ave Las Vegas, NV 89110
Entity Owned
Free & Clear
Property ID
US62-0616446
For Lease
1 / 30
$18 SF/Yr
4440 E Washington Ave, Las Vegas, NV 89110
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,460 SF
Lot
2.37 ac (103,237 SF)
APN
140-29-212-003
UPID
US62-0616446
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
by Request
CAP Approach
CAP
$8.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.09M
Owner & transaction history
Mershop Washington Avenue LLC
Mershop Washington Avenue LLC
since 2025
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%
$8,755,000
6.5%
$8,080,000
7%
$7,505,000
Blend value · Realmo final
$6.09M
Range $5.48M – $6.70M · ±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
$188 / 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
$22,944
Tax year 2023
Assessed value
$1,281,834
Assessed 2024
Previous assessed
$1,249,084
+2.6% YoY
Effective rate
1.79%
On assessed value
Assessed land
$274,610
Assessed improvement
$1,007,224
Land market value
$784,600
Improvement market value
$2,877,783
Total market value
$3,662,383
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
32,460 SF
Lot
2.37 ac (103,237 SF)
APN
140-29-212-003
UPID
US62-0616446
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
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
Mershop Washington Avenue LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4755 DEAN MARTIN DR, LAS VEGAS, NV 89103-4141
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
Mershop Washington Avenue LLC
Berryessa Plaza LLC
Bargain & Sale Deed
—
Mar 17, 2016
—
Mark M Kaisi
Parra,maria
Quit Claim Deed
related
—
Mar 17, 2016
$2,450,000
Berryessa Plaza LLC
Kaisi,mark M
Grant Deed
—
Jun 26, 2012
$1,250,000
Mark M Kaisi
Bank Of The West
Grant Deed
$875,000 · Omni Family LP
Mar 31, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 29, 2010
$2,357,574
Bank Of The West
Chicago Title Agcy Of Nv INC
Trustees Deed
related
—
Apr 29, 2003
$3,663,760
Azra Commercial Center LLC
Whistler Commercial Holdings
Grant Deed
$200,000 · Homes Savers INC
Aug 29, 2002
—
Whistler Investments INC
Whistler Commercial Holdings
Quit Claim Deed
related
$200,000 · Home Savers INC
Apr 16, 2002
—
Commercial Holding Whistler
Salim S Rana Investments Corp
Grant Deed
related
—
—
—
Whistler Commercial Holdings
—
Deed Of Trust
related
$600,000 · Salim S Rana Investments Corp
—
—
Azra Commercial Center LLC
—
Deed Of Trust
related
$400,000 · Art Laursen
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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