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Property profile & analytics
OFF-MARKET
Estimated value
$7,795,000
Strip malls
4507 Sahara Ave Las Vegas, NV 89102-3717
Entity Owned
32-yr Hold
~
Est. High Equity
Property ID
US62-0429067
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,823 SF
Lot
0.84 ac (36,590 SF)
APN
162-07-101-008
UPID
US62-0429067
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
-
Westlake Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.80M
Owner & transaction history
Sahara Westlake Associates · 32 yrs held
Sahara Westlake Associates
since 1994
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$201 / 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
$42,869
Tax year 2023
Assessed value
$1,455,800
Assessed 2024
Previous assessed
$1,307,594
+11.3% YoY
Effective rate
2.94%
On assessed value
Assessed land
$239,482
Assessed improvement
$1,216,318
Land market value
$684,234
Improvement market value
$3,475,194
Total market value
$4,159,428
Applied tax rate
213.0000
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
3
Stories
1
Total area
38,823 SF
Lot
0.84 ac (36,590 SF)
APN
162-07-101-008
UPID
US62-0429067
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
3
Lot
0.84 ac
Current owner
From public records · entity-resolved
Sahara Westlake Associates
Entity
Mailing address
PO BOX 93778, LAS VEGAS, NV 89193-3778
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
—
Sahara Westlake Associates
—
Deed
related
$2,000,000 · One Nevada Cu
May 23, 2018
—
Sahara Westlake Associates
—
Deed
related
$2,201,238 · Wells Fargo Bk
Apr 12, 2001
—
Sahara Westlake Associates
—
Deed Of Trust
related
$2,700,000 · Wells Fargo Bank
Apr 8, 1994
$3,900,000
Sahara Westlake Associates
County Bank
Grant Deed
$2,730,000 · County Bank
—
—
Sahra Westlake Associates
—
Loan Modification
related
$2,238,639 · Wells Fargo Bank
—
—
Sahara Westlake Associates
—
Loan Modification
related
$2,201,238 · Wells Fargo Bk
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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