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Property profile & analytics
OFF-MARKET
Estimated value
$9,240,000
Outlet malls
5610 Centennial Ctr Blvd Las Vegas, NV 89149-7104
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-0230949
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Construction
CONCRETE
Total area
34,857 SF
Lot
8.88 ac (386,813 SF)
APN
125-27-411-007
UPID
US62-0230949
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Princess Emilily El Physician
-
Walgreens Pharmacy Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
Daniel Benfanti Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.24M
Owner & transaction history
Cccn Centennial LLC · 7 yrs held
Cccn Centennial LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.1M
+16.1%
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%
$13,115,000
6.5%
$12,105,000
7%
$11,240,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,130,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$10,555,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$9.24M
Range $8.32M – $10.16M · ±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
$265 / 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
$115,047
Tax year 2023
Assessed value
$6,153,166
Assessed 2024
Previous assessed
$5,712,301
+7.7% YoY
Effective rate
1.87%
On assessed value
Assessed land
$2,558,768
Assessed improvement
$3,594,398
Land market value
$7,310,766
Improvement market value
$10,269,709
Total market value
$17,580,475
Applied tax rate
200.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
YES
Buildings
7
Stories
1
Total area
34,857 SF
Lot
8.88 ac (386,813 SF)
APN
125-27-411-007
UPID
US62-0230949
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
$13.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.1M
OFFICE BUILDING
Est. value
$10.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
CONCRETE
Heating
YES
Stories
1
Buildings
7
Lot
8.88 ac
Current owner
From public records · entity-resolved
Cccn Centennial LLC
Entity
Mailing address
3900 S HUALAPAI WAY STE #200, LAS VEGAS, NV 89147-5726
Ownership since
2018
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
Sep 28, 2018
$25,500,000
Cccn Centennial LLC
Michael P Sortino
Bargain And Sale Deed
$17,985 · Starwood Mortgage Capital LLC
May 14, 2014
$8,400,000
Tag Centennial LLC
Centennial 2009 LP
Grant Deed
related
—
Jul 1, 2013
$10,819,077
Centennial 2009 LP
Centennial Gateway East LLC
Deed In Lieu Of Foreclosure
related
—
Oct 2, 2007
—
Centennial Gateway East LLC
Centennial Gateway Holdings LLC
Bargain And Sale Deed
$26,872,000 · Lehman Brothers Bank Fsb
Dec 13, 2005
$1,325,000
Otb 95 Partnes LLC
Centennial Gateway LLC
Grant Deed
$3,335,960 · Farmers & Merchants Bk Lng Bch
—
—
Centennial 2006 LP
—
Deed Of Trust
related
$5,250,000 · Bank Leumi USA
—
—
Tag Centennial Investors LLC
—
Loan Modification
related
$2,500,000 · Mutual/omaha Bk
—
—
Tag Centennial Investors LLC
—
Loan Modification
related
$11,945,080 · Mutual/omaha Bk
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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