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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Strip malls
5300 Eastern Ave Las Vegas, NV 89119-2377
Entity Owned
22-yr Hold
Free & Clear
Property ID
US62-0056365
Property summary
AI-generated overview
This exceptional retail space, located at 5300 S Eastern Ave in Las Vegas, Nevada, presents a fantastic opportunity for businesses seeking a vibrant location. The property is part of a single-story, Class B strip center built in 2007, offering a total of 3,139 square feet across one suite. Currently, 1,521 square feet are available for lease, providing ample space for a variety of retail ventures. The building boasts 43 parking spaces, ensuring convenient access for customers and employees. The property's strategic location at the intersection of Eastern and Hacienda Avenues in the Pioneer Square area offers high visibility and accessibility. Zoned C-1, this space is ideal for a range of retail uses. The property features a single building with no elevators. The Clark County Assessor's Parcel Number (APN) is 162-25-310-001. This is a multi-tenant property, offering a dynamic and thriving commercial environment. The property's convenient location and ample parking make it an attractive option for businesses seeking a strong presence in a busy Las Vegas commercial corridor. The zip code is 89119.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
11,304 SF
Lot
0.95 ac (41,382 SF)
APN
162-25-310-001
UPID
US62-0056365
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
-
Distinctive Smiles Dental Office
-
My 4 Sons Comics Cards and Games (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
House of Cars Las Vegas (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Prolific Solar Electrical Service
-
Rogue Toys (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
1 Rent B & E LLC · 22 yrs held
1 Rent B & E LLC
since 2004
3 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,225,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±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
$231 / 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
$16,456
Tax year 2023
Assessed value
$560,580
Assessed 2024
Previous assessed
$561,011
-0.1% YoY
Effective rate
2.94%
On assessed value
Assessed land
$130,353
Assessed improvement
$430,227
Land market value
$372,437
Improvement market value
$1,229,220
Total market value
$1,601,657
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
11,304 SF
Lot
0.95 ac (41,382 SF)
APN
162-25-310-001
UPID
US62-0056365
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
$4.2M
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
2007
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
1 Rent B & E LLC
Entity
Free & Clear · 22 yrs held
Mailing address
2040 EDGEWOOD AVE, LAS VEGAS, NV 89102-2203
Ownership since
2004
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
Apr 30, 2004
$595,000
1 Rent B & E LLC
Ashworth,ken R & Linda
Grant Deed
—
Apr 4, 2001
$500,000
Ken R Ashworth
Yang Trust
Grant Deed
—
Jun 30, 1995
$380,000
Anthony Yang
Fritz Trust
Grant Deed
—
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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