New search
Property profile & analytics
FOR LEASE
Strip malls
6380 W Flamingo Rd Las Vegas, NV 89103
Entity Owned
~
Est. High Equity
Property ID
US62-0307835
For Lease
1 / 2
$14,420,000
6380 W Flamingo Rd, Las Vegas, NV 89103
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
FRAME
Total area
4,704 SF
Lot
0.2 ac (8,712 SF)
APN
163-14-803-004
UPID
US62-0307835
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
-
Maximum Performance Med Center Medical Clinic
-
Geiger Insurance Agency Insurance Agency
-
Farmers Insurance - Michael Geiger Insurance Agency
-
Las Vegas Title Loans Loan Service
-
Dr. Richard C. Hiler, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.42M
Owner & transaction history
Phoenix Plaza INC
Phoenix Plaza INC
since 2025
Last sale
$14.4M
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
$14,420,000
ML approach
$14,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.42M
Range $12.98M – $15.86M · ±10% · vs last sale $14.42M (Jan 16 2024)
Last sale anchor
$14.42M
Jan 16 2024
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
$3,065 / 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
$4,950
Tax year 2023
Assessed value
$191,428
Assessed 2024
Previous assessed
$170,259
+12.4% YoY
Effective rate
2.59%
On assessed value
Assessed land
$59,459
Assessed improvement
$131,969
Land market value
$169,883
Improvement market value
$377,054
Total market value
$546,937
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
For Lease
Year built
1991
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,704 SF
Lot
0.2 ac (8,712 SF)
APN
163-14-803-004
UPID
US62-0307835
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
1991
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Phoenix Plaza INC
Entity
Mailing address
PO BOX 12558, NEWPORT BEACH, CA 92658-5067
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
Phoenix Plaza INC
Lemon Tree Hotel INC
Quitclaim Deed
related
—
Sep 2, 2025
—
Phoenix Plaza INC
—
Deed
related
$3,000,000 · Enterprise Bank & Trust
Jan 16, 2024
$14,418,000
Lemon Tree Hotel INC
Phoenix Plaza Holdings LLC
Bargain And Sale Deed
$3,300,000 · Enterprise Bank & Trust
Oct 11, 2019
—
Phoenix Plaza Holdings LLC
—
Grant Deed
related
$6,500,000 · Israel Discount Bk/ny
Oct 1, 2012
—
Phoenix Plaza Holdings LLC
—
Deed Of Trust
related
$4,000,000 · Royal Business Bank
Dec 16, 2011
$5,157,720
Phoenix Plaza Holdings LLC
Phoenix III Investment LLC
Grant Deed
related
—
Jan 26, 2006
—
Phoenix III Investment LLC
The Chiou Partnership
Bargain And Sale Deed
$9,285,000 · Morgan Stanley Mortgage Capital INC
Sep 29, 2005
$12,020,000
Chiou Ptshp
Phoenix Plaza III LLC
Grant Deed
$7,350,000 · East-west Investment INC
Apr 19, 2000
—
Phoenix Plaza III LLC
Holdings LP
Grant Deed
related
—
Jan 25, 2000
—
Flaminto 84 Ltd LP
Flaminto 84 Ltd
Quit Claim Deed
related
$4,300,000 · Ids Life Insurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
