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Property profile & analytics
OFF-MARKET
Estimated value
$5,455,000
Strip malls
6020 Flamingo Rd Las Vegas, NV 89103-2376
Individually Owned
~
Est. High Equity
Property ID
US62-0353810
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,520 SF
Lot
2.58 ac (112,385 SF)
APN
163-13-401-007
UPID
US62-0353810
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
-
Unity Market Grocery & Convenience Store Food Market
-
Studio 21 Tattoo Gallery Tattoo & Piercing Shop
-
Thai Thai Spa & Massage Alternative Medicine Practice Spa & Massage Center
-
Monzú Italian Oven + Bar Restaurant
-
Jacksons Bar & Grill Bar & Pub 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
$5.46M
Owner & transaction history
Ou Shi-long
Ou Shi-long
since 2026
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
$8,420,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.46M
Range $4.91M – $6.00M · ±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
$242 / 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
$36,697
Tax year 2023
Assessed value
$1,411,413
Assessed 2024
Previous assessed
$1,266,466
+11.4% YoY
Effective rate
2.60%
On assessed value
Assessed land
$639,190
Assessed improvement
$772,223
Land market value
$1,826,257
Improvement market value
$2,206,351
Total market value
$4,032,608
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
22,520 SF
Lot
2.58 ac (112,385 SF)
APN
163-13-401-007
UPID
US62-0353810
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
$8.4M
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
2.58 ac
Current owner
From public records · entity-resolved
Ou Shi-long
Individual
Mailing address
41 N GARFIELD AVE STE #206, ALHAMBRA, CA 91801-7502
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Ou Shi-long
Fuh-tyan Lin
Bargain & Sale Deed
—
Feb 2, 2023
—
William Tseng Weinan
William Tseng Weinan
Intrafamily Transfer
related
—
Nov 29, 2022
—
William Tseng Weinan
William Tseng Weinan
Intrafamily Transfer
related
—
Sep 7, 2018
$5,700,000
Huang,amy 2005 Family Trust
Huang,huei-hsiung & Fu-mei H
Grant Deed
related
—
Aug 31, 2018
—
Fuh-tyan Lin
—
Deed
related
$900,000 · East West Bk
Mar 7, 2018
—
Tseng,lih-chu Family Trust 2017
Tseng Lih-chu Family Trust
Quit Claim Deed
related
—
Sep 12, 2011
—
Huei-hsiung Huang
Huang,huei-hsiung & Fu-mei S
Quit Claim Deed
related
$1,250,000 · Bank Of East Asia
Feb 28, 2007
—
Tseng Lih-chu Family Trust
Tseng,lih-chu C
Quit Claim Deed
related
—
—
—
Fuh-tyan Lin
—
Deed Of Trust
related
$900,000 · East West Bk
—
—
Fuh-tyan Lin
—
Deed Of Trust
related
$1,700,000 · Bank Of East Asia
—
—
Huei-hsiung Huang
—
Deed Of Trust
related
$1,980,000 · Norwest Bank Nevada
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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