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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Retail space
5719 Boulder Hwy Las Vegas, NV 89122-7203
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0223824
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,400 SF
Lot
2.39 ac (104,108 SF)
APN
161-28-510-031
UPID
US62-0223824
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
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.60M
Owner & transaction history
Wellington Providence Group LLC · 4 yrs held
Wellington Providence Group LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+69.2%
Auto repair, garage
$1.3M
+48.6%
Neighborhood: shopping center
$1.0M
+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
$1,605,000
ML approach
$1,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,520,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,335,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.65M (May 11 2022)
Last sale anchor
$1.65M
May 11 2022
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
$665 / 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
$9,168
Tax year 2023
Assessed value
$390,577
Assessed 2024
Previous assessed
$384,501
+1.6% YoY
Effective rate
2.35%
On assessed value
Assessed land
$327,940
Assessed improvement
$62,637
Land market value
$936,971
Improvement market value
$178,963
Total market value
$1,115,934
Applied tax rate
570.0000
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Total area
2,400 SF
Lot
2.39 ac (104,108 SF)
APN
161-28-510-031
UPID
US62-0223824
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)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Lot
2.39 ac
Current owner
From public records · entity-resolved
Wellington Providence Group LLC
Entity
Mailing address
9401 ALCOTT ST APT #303, LOS ANGELES, CA 90035-3164
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2025
—
Wellington Providence Group LLC
—
Deed
related
$150,000 · The Mortgage Capital Development Corp
Jun 12, 2025
—
Wellington Providence Group LLC
—
Deed
related
$928,000 · Wellington State Bank
Feb 27, 2023
—
Wellington Providence Group LLC
—
Deed
related
$1,005,900 · Clark County Cu
Jul 7, 2022
—
Wellington Providence Group LLC
Martin Billich
Re-recorded Document
related
—
Jul 6, 2022
—
Wellington Providence Group LLC
—
Deed
related
$190,000 · Martin Billich
Jul 1, 2022
—
Wellington Providence Group LLC
—
Deed
related
$1,250,000 · Jonacar Nevada Corp
May 11, 2022
$1,650,000
Wellington Providence Group LLC
Martin Billich
Bargain And Sale Deed
$1,390,000 · Martin Billich
Jun 7, 2011
—
Billich M & B A 2011 Trust
Billich,martin & Beverly A
Quit Claim Deed
related
—
—
—
Billich Martin & B 2011 Trust
—
Deed Of Trust
related
$30,000 · Nevada State 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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