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Property profile & analytics
OFF-MARKET
Retail space
524 Nevada Way Boulder City, NV 89005-2420
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-1232138
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,800 SF
Lot
0.05 ac (2,178 SF)
APN
186-09-110-105
UPID
US62-1232138
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Water Management Group LLC · 5 yrs held
Water Management Group LLC
since 2021
Last sale
$425,000
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 Boulder City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder City 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
—
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
$1,034
Tax year 2023
Assessed value
$46,080
Assessed 2024
Previous assessed
$40,766
+13.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$21,344
Assessed improvement
$24,736
Land market value
$60,983
Improvement market value
$70,674
Total market value
$131,657
Applied tax rate
58.0000
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
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
2
Total area
1,800 SF
Lot
0.05 ac (2,178 SF)
APN
186-09-110-105
UPID
US62-1232138
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
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Water Management Group LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1224 ARIZONA ST, BOULDER CITY, NV 89005-2610
Ownership since
2021
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
Jan 6, 2021
$425,000
Water Management Group LLC
Glena J Dunn
Grant Deed
—
Dec 19, 2003
$190,000
Glena J Dunn
Eastman,jeanine L
Grant Deed
$120,000 · Boulder Dam Cu
Mar 13, 1997
—
Vada R Hoblin
Hoblin,vada R
Quit Claim Deed
related
$124,500 · Boulder Dam Cu
Jan 31, 1996
$125,000
Vada R Hoblin
Kuroishi,patrick S
Quit Claim Deed
related
$100,000 · Boulder Dam Cu
Nov 3, 1993
$35,000
Erick,donald E & Karla I
Billie J Sorweid
Trustees Deed
—
Nov 3, 1993
$100,000
Kuroishi,patrick S
Erick,donald E &
Trustees Deed
$65,000 · Seller
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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