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Property profile & analytics
OFF-MARKET
Estimated value
$14,525,000
Outlet malls
5785 Centennial Ctr Blvd 240 Las Vegas, NV 89149-7108
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0465016
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,150 SF
Lot
16.79 ac (731,372 SF)
APN
125-27-411-013
UPID
US62-0465016
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
-
UMC Quick Care - Centennial Hills Medical Clinic
-
Kaye Cunningham Pediatrician Physician
-
David Wichman Physician
-
calmplacetherapylv Medical Clinic
-
MA.TESSIE AROMA BEDUYA-PRINCER Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.53M
Owner & transaction history
Diversified Las Vegas C Inland · 13 yrs held
Diversified Las Vegas C Inland
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$23.9M
+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%
$20,750,000
6.5%
$19,155,000
7%
$17,785,000
Alternative Use
Use
Estimation
RETAIL STORES
$20,620,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$23,940,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$16,700,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$14.53M
Range $13.07M – $15.98M · ±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
$263 / 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
$334,215
Tax year 2023
Assessed value
$13,099,555
Assessed 2024
Previous assessed
$12,101,310
+8.2% YoY
Effective rate
2.55%
On assessed value
Assessed land
$4,300,468
Assessed improvement
$8,799,087
Land market value
$12,287,051
Improvement market value
$25,140,249
Total market value
$37,427,300
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
8
Stories
1
Total area
55,150 SF
Lot
16.79 ac (731,372 SF)
APN
125-27-411-013
UPID
US62-0465016
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
$20.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.9M
OFFICE BUILDING
Est. value
$16.7M
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
8
Lot
16.79 ac
Current owner
From public records · entity-resolved
Diversified Las Vegas C Inland
Individual
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Feb 11, 2013
—
Centennial Gateway LLC
—
Trustees Deed
related
$46,020 · Bank Of America
Dec 28, 2012
$51,096,743
Diversified Las Vegas C Inland
Centennial Gateway LLC
Grant Deed
$44,385,000 · Royal Bank Scotland Plc
Oct 6, 2011
—
Centennial Gateway LLC
—
Deed Of Trust
related
$46,020,440 · Bank Of America
Apr 1, 2008
—
Centennial Gateway LLC
—
Trustees Deed
related
$46,020,440 · Bank Of America
—
—
Centennial Gateway LLC
—
Deed Of Trust
related
$46,020,440 · Bank Of America
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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