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Property profile & analytics
OFF-MARKET
Estimated value
$12,780,000
Outlet malls
6525 Decatur Blvd Ste 150 Las Vegas, NV 89131-2993
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0415893
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,000 SF
Lot
20.95 ac (912,582 SF)
APN
125-24-811-003
UPID
US62-0415893
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
by Request
CAP Approach
CAP
$15.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.78M
Owner & transaction history
Palm Deluxe Group LLC · 7 yrs held
Palm Deluxe Group LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.5M
+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%
$16,930,000
6.5%
$15,630,000
7%
$14,515,000
Alternative Use
Use
Estimation
RETAIL STORES
$16,825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,535,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$13,625,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$12.78M
Range $11.50M – $14.06M · ±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
$284 / 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
$375,588
Tax year 2023
Assessed value
$14,203,317
Assessed 2024
Previous assessed
$13,097,545
+8.4% YoY
Effective rate
2.64%
On assessed value
Assessed land
$5,270,161
Assessed improvement
$8,933,156
Land market value
$15,057,603
Improvement market value
$25,523,303
Total market value
$40,580,906
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Buildings
11
Stories
1
Total area
45,000 SF
Lot
20.95 ac (912,582 SF)
APN
125-24-811-003
UPID
US62-0415893
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
$16.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.5M
OFFICE BUILDING
Est. value
$13.6M
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
11
Lot
20.95 ac
Current owner
From public records · entity-resolved
Palm Deluxe Group LLC
Entity
Mailing address
325 S VIA MONTANA, BURBANK, CA 91501-1144
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jan 10, 2019
$67,250
Palm Deluxe Group LLC
Shadow Mtn Marketplace LLC
Grant Deed
related
$49,400,000 · Bank Of America
Jan 14, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Shadow Mountain Marketplace
—
Deed Of Trust
related
$38,000,000 · Jefferies Loancore LLC
—
—
Shadow Mtn Marketplace LLC
—
Deed Of Trust
related
$14,000,000 · Santa Barbara Bank & Trust
—
—
Shadow Mtn Marketplace LLC
—
Deed Of Trust
related
$51,600,000 · Santa Barbara Bank & Trust
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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