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Property profile & analytics
OFF-MARKET
Strip malls
605 Twain Ave Las Vegas, NV 89169-4149
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0298673
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
FRAME
Total area
6,960 SF
Lot
0.41 ac (17,860 SF)
APN
162-15-303-001
UPID
US62-0298673
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
-
Di Andrea Pizza Restaurant
-
Bahman Joe Check Cashing
-
Crown Liquor Grocery & Convenience Store
-
Tikka Masala Pizza Restaurant
-
Palermo Pizza 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
by Request
Owner & transaction history
Joe A Bahnan · 1 yrs held
Joe A Bahnan
since 2024
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,284
Tax year 2023
Assessed value
$342,989
Assessed 2024
Previous assessed
$317,250
+8.1% YoY
Effective rate
2.71%
On assessed value
Assessed land
$71,887
Assessed improvement
$271,102
Land market value
$205,391
Improvement market value
$774,577
Total market value
$979,968
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
2006
Construction
FRAME
Heating
YES
Stories
1
Total area
6,960 SF
Lot
0.41 ac (17,860 SF)
APN
162-15-303-001
UPID
US62-0298673
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
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
YES
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Joe A Bahnan
Individual
Mailing address
503 MTN VILLA DR, LAS VEGAS, NV 89110-4011
Ownership since
2024
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
Dec 19, 2024
—
Joe A Bahnan
Layla Bahnan
Deed
related
$430,000 · Velocity Commercial Capital LLC
Oct 30, 2024
—
Joe Bahnan
—
Deed
related
$1,189,898 · Nevada State Bank
Oct 29, 2024
—
Crown Market LLC
Christina Bahnan
Bargain & Sale Deed
—
Jun 22, 2022
—
The Blue Sky Irrevocable Trust
Joe A Bahnan
Quit Claim Deed
related
—
Jun 3, 2019
—
Joe A Bahnan
—
Deed
related
—
Dec 12, 2005
—
Joe Bahnan
—
Trustees Deed
related
$1,189,898 · Nevada State Bank
Sep 18, 1998
$205,000
Joe A Bahnan
Chung,oon B & Young O
Grant Deed
$160,000 · Silver State Bank
Jan 24, 1997
$185,000
Oon B Chung
Dallin,jacklyn J
Grant Deed
$135,000 · Seller
Apr 15, 1993
$79,000
Jacklyn J Dallin
Unknown
Grant Deed
—
—
—
Joe A Bahnan
—
Loan Modification
related
—
—
—
Joe A Bahnan
—
Deed Of Trust
related
$15,000 · Silver State Bank
—
—
Joe A Bahnan
—
Deed Of Trust
related
$139,366 · 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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