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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Strip malls
4907 Vegas Dr 170 Las Vegas, NV 89108-2302
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0417424
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,700 SF
Lot
0.52 ac (22,651 SF)
APN
138-25-503-003
UPID
US62-0417424
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
-
Mundo Latino Law Firm
-
El chiringuito mexican snacks. Restaurant
-
Vigo Bank Credit Union
-
dmv services express Corporate Office
-
Blanky's Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.97M
Owner & transaction history
Aloha Imperial Plaza Shopping LLC · 3 yrs held
Aloha Imperial Plaza Shopping LLC
since 2022
Last sale
$2.0M
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
Method
Estimation
Statistic approach
$1,950,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
$2,065,000
6.5%
$1,905,000
7%
$1,770,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,250,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.00M (Sep 23 2022)
Last sale anchor
$2.00M
Sep 23 2022
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
$226 / 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
$5,187
Tax year 2023
Assessed value
$189,340
Assessed 2024
Previous assessed
$164,732
+14.9% YoY
Effective rate
2.74%
On assessed value
Assessed land
$71,351
Assessed improvement
$117,989
Land market value
$203,860
Improvement market value
$337,111
Total market value
$540,971
Applied tax rate
207.0000
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
8,700 SF
Lot
0.52 ac (22,651 SF)
APN
138-25-503-003
UPID
US62-0417424
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
RETAIL STORES
Est. value
$3.3M
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
0.52 ac
Current owner
From public records · entity-resolved
Aloha Imperial Plaza Shopping LLC
Entity
Free & Clear · 3 yrs held
Mailing address
98-627 KAAHELE ST, AIEA, HI 96701-2705
Ownership since
2022
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
Sep 23, 2022
—
Aloha Imperial Plaza Shopping LLC
Lisa T Mikami
Quit Claim Deed
related
—
Jul 22, 2022
$2,000,000
Lisa T Mikami
Wild Decatur LLC
Bargain And Sale Deed
—
Jan 6, 2015
$188,000
Wild Decatur LLC
Fong Imperial Plaza LLC
Grant Deed
—
Mar 22, 2007
—
Imperial Plaza Fong
Fong W G & L H Fam Trust
Quit Claim Deed
related
—
Sep 3, 2003
—
Fong Imperial Plaza LP
Fong,tr
Quit Claim Deed
related
—
Nov 7, 2002
—
Fong Imperial Plaza LP
Fong,tr
Quit Claim Deed
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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