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Property profile & analytics
OFF-MARKET
Estimated value
$5,995,000
Retail space
6430 Lk Mead Blvd Ste 125 Las Vegas, NV 89108-7370
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-1245040
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
FRAME
Total area
18,972 SF
Lot
2.23 ac (97,139 SF)
APN
138-23-201-008
UPID
US62-1245040
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
$5.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.39M
Blend (final)
Blend
$6.00M
Owner & transaction history
Navi Land Holdings LLC · 1 yrs held
Navi Land Holdings LLC
since 2025
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.2M
+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
$5,390,000
ML approach
$5,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,095,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,235,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$5,745,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$6.00M
Range $5.40M – $6.59M · ±10% · vs last sale $6.50M (May 1 2025)
Last sale anchor
$6.50M
May 1 2025
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
$316 / 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
$32,140
Tax year 2023
Assessed value
$1,034,834
Assessed 2024
Previous assessed
$980,312
+5.6% YoY
Effective rate
3.11%
On assessed value
Assessed land
$424,983
Assessed improvement
$609,851
Land market value
$1,214,237
Improvement market value
$1,742,431
Total market value
$2,956,668
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Total area
18,972 SF
Lot
2.23 ac (97,139 SF)
APN
138-23-201-008
UPID
US62-1245040
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
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
OFFICE BUILDING
Est. value
$5.7M
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
2005
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Lot
2.23 ac
Current owner
From public records · entity-resolved
Navi Land Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 22531, CARMEL, CA 93922-0531
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$6,500,000
Navi Land Holdings LLC
Victor Martinez
Bargain & Sale Deed
—
Nov 18, 2011
$1,000,000
Martinez 2008 Trust
Sterling Pacific Lndg INC
Grant Deed
—
Nov 7, 2011
$9,900,000
Sterling Pacific Lndg INC
V & I Lake Mead Promenade LLC
Deed In Lieu Of Foreclosure
—
Dec 1, 2006
$9,900,000
V & I Lake Mead Promenade LLC
Lake Mead Promenade LLC
Grant Deed
$5,400,000 · Lasalle Bk 2005-cip1 (te)
Jul 2, 2004
$1,150,000
Lake Mead Promenade LLC
Farley Anderson Ltd
Grant Deed
$5,100,000 · Inland Mortgage Corp
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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