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Property profile & analytics
OFF-MARKET
Estimated value
$2,155,000
Commercial land
5350 Charleston Blvd, Las Vegas, NV 89146-1307
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0406303
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1958
Construction
STEEL FRAME
Total area
2,512 SF
Lot
0.46 ac (20,038 SF)
APN
138-36-803-002
UPID
US62-0406303
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
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.16M
Owner & transaction history
Vac Development LLC · 3 yrs held
Vac Development LLC
since 2023
Last sale
$2.2M
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
$2,080,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,590,000
Current use
AUTO REPAIR, GARAGE
$1,395,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.37M · ±10% · vs last sale $2.20M (Jun 15 2023)
Last sale anchor
$2.20M
Jun 15 2023
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
$858 / 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
$4,753
Tax year 2023
Assessed value
$145,175
Assessed 2024
Previous assessed
$124,977
+16.2% YoY
Effective rate
3.27%
On assessed value
Assessed land
$145,175
Land market value
$414,786
Total market value
$414,786
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1958
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,512 SF
Lot
0.46 ac (20,038 SF)
APN
138-36-803-002
UPID
US62-0406303
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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1958
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Vac Development LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6623 LAS VEGAS BLVD SF340, LAS VEGAS, NV 89119-3245
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
$2,200,000
Vac Development LLC
Bliss Development 6 LLC
Bargain And Sale Deed
—
Sep 16, 2021
$1,800,000
Bliss Development 6 LLC
Mohawk Charleston LLC
Bargain And Sale Deed
$1,400,000 · Danshani Enterprises LP
Aug 28, 2015
$1,043,000
Mohawk Charleston LLC
Montessouri Investments LLC
Grant Deed
—
Aug 8, 2014
$1,150,000
Montessouri Investments LLC
Dn Charleston LLC
Grant Deed
$643,000 · Mohawk Charleston LLC
May 2, 2014
$675,000
Dn Charleston LLC
City Natl Bk
Grant Deed
—
Apr 11, 2013
$105,602
City Natl Bk
Stewart Default Services
Trustees Deed
related
—
Oct 1, 1998
$750,000
Red Rock Properties INC
Gillett,victor & Linda
Grant Deed
$750,000 · Seller
Feb 15, 1991
$476,000
Victor Gillett
Unknown
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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