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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Retail space
5485 Flamingo Rd Las Vegas, NV 89103-3500
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0391959
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
FRAME
Total area
4,639 SF
Lot
0.37 ac (16,117 SF)
APN
163-24-510-004
UPID
US62-0391959
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
-
Trim 7 salon Hair Salon
-
Las Vegas Shiatsu Center Las Vegas Shiatsu Center Alternative Medicine Practice Spa & Massage Center
-
Spring Valley Market Grocery & Convenience Store Food Market
-
Psychic Curandera Hermana Laura Spiritual Center
-
Eyefixbrows Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
5485 W Flamingo LLC · 1 yrs held
5485 W Flamingo LLC
since 2025
Last sale
$1.2M
5 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
$975,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,735,000
Current use
OFFICE BUILDING
$1,575,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,405,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.18M (Apr 29 2025)
Last sale anchor
$1.18M
Apr 29 2025
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
$252 / 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
$9,377
Tax year 2023
Assessed value
$359,173
Assessed 2024
Previous assessed
$321,255
+11.8% YoY
Effective rate
2.61%
On assessed value
Assessed land
$100,860
Assessed improvement
$258,313
Land market value
$288,171
Improvement market value
$738,037
Total market value
$1,026,208
Applied tax rate
417.0000
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
1995
Construction
FRAME
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Buildings
2
Stories
1
Rooms
16
Bathrooms
8
Total area
4,639 SF
Lot
0.37 ac (16,117 SF)
APN
163-24-510-004
UPID
US62-0391959
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 Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1995
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
16
Bathrooms
8
Lot
0.37 ac
Current owner
From public records · entity-resolved
5485 W Flamingo LLC
Entity
Mailing address
PO BOX 61740, BOULDER CITY, NV 89006-1740
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
5485 W Flamingo LLC
—
Deed
related
$1,007,000 · Genubank
Apr 29, 2025
$1,175,000
5485 W Flamingo LLC
Tevis W Hurst Holborow
Bargain & Sale Deed
$1,057,500 · Mch Trust
May 22, 2008
—
M C H Trust
Gamstar LLC
Grant Deed
—
Apr 26, 1989
$118,600
Milon Corporation INC
Unknown
Grant Deed
—
—
—
Gam Star LLC
—
Deed Of Trust
related
$85,000 · Boulder Dam Cu
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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