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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Strip malls
5717 Merrill Ave Las Vegas, NV 89120-2331
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0257354
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,050 SF
Lot
0.44 ac (19,166 SF)
APN
161-32-104-002
UPID
US62-0257354
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
-
Pollos El Dorado Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Queeno Ventures LLC · 11 yrs held
Queeno Ventures LLC
since 2015
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
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
$1,515,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$258 / 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
$5,090
Tax year 2023
Assessed value
$199,395
Assessed 2024
Previous assessed
$193,594
+3.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$67,081
Assessed improvement
$132,314
Land market value
$191,660
Improvement market value
$378,040
Total market value
$569,700
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
4,050 SF
Lot
0.44 ac (19,166 SF)
APN
161-32-104-002
UPID
US62-0257354
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
$1.5M
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Queeno Ventures LLC
Entity
Mailing address
6918 CASTLE MTN AVE, LAS VEGAS, NV 89179-1624
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2015
$450,000
Queeno Ventures LLC
3f International Investments
Grant Deed
$231,000 · 3f International Investments
Nov 21, 2012
$300,000
3f International Investments
First Svgs Bk
Grant Deed
$231,000 · First Savings Bank
Oct 13, 2010
$700,000
Svgs Bk First
Nevada Title Co
Trustees Deed
related
—
Jul 30, 2008
—
Kumar Family Living Trust
Kumar,peter & Dakshayani
Quit Claim Deed
related
$891,385 · First Savings Bank
Jun 9, 2004
$240,000
Peter Kumar
Giroux,tr
Grant Deed
$190,000 · Giroux Trust
Feb 8, 1999
—
Clark County (nv)
Burke,beverly R
Grant Deed
related
—
Apr 26, 1996
$80,000
Beverly R Burke
Nevada Leadership Institute
Grant Deed
$55,000 · Seller
Mar 21, 1989
$38,000
Nevada Leadership Institute
Unknown
Grant Deed
—
—
—
Merrill-russell LLC
—
Deed Of Trust
related
$362,000 · Nevada State Development Corp
—
—
Merrill-russell LLC
—
Deed Of Trust
related
$110,000 · First Savings Bank
—
—
Peter Kumar
—
Deed Of Trust
related
$626,500 · First Savings Bank
—
—
Peter Kumar
—
Deed Of Trust
related
$895,000 · First Savings Bank
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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