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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Strip malls
6895 Lk Mead Blvd Las Vegas, NV 89156-1189
Entity Owned
12-yr Hold
Free & Clear
Property ID
US62-0174974
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
FRAME
Total area
12,742 SF
Lot
0.67 ac (29,185 SF)
APN
140-23-315-004
UPID
US62-0174974
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Ruby Eyebrow Threading Hair Salon Nail Salon
-
Wing Street Restaurant
-
Jump 2 It Plumbing Plumbing Service General Contractor
-
Shred Nations Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
Jmta Reno LLC · 12 yrs held
Jmta Reno LLC
since 2014
5 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
$179 / 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
$13,915
Tax year 2023
Assessed value
$503,735
Assessed 2024
Previous assessed
$483,742
+4.1% YoY
Effective rate
2.76%
On assessed value
Assessed land
$89,379
Assessed improvement
$414,356
Land market value
$255,369
Improvement market value
$1,183,874
Total market value
$1,439,243
Applied tax rate
340.0000
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
2000
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
12,742 SF
Lot
0.67 ac (29,185 SF)
APN
140-23-315-004
UPID
US62-0174974
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
2000
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Jmta Reno LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3960 HOWARD HUGHES PKWY STE #150, LAS VEGAS, NV 89169-5919
Ownership since
2014
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 13, 2014
$2,730,000
Jmta Reno LLC
Mlmt 2005-cip1 East Lake Retai
Grant Deed
—
Sep 18, 2012
$2,025,000
Mlmt 2005-cip1 East Lake Retai
Beacon Default Mgmt INC
Trustees Deed
—
Apr 28, 2005
$6,400,000
Lake Mead Sunrise LLC
Sunrise Plaza LLC
Grant Deed
$5,360,000 · Ixis Real Estate Capital INC
Nov 30, 2000
$4,800,000
Sunrise Plaza LLC
Lake Hollywood Investments LLC
Grant Deed
$3,600,000 · Column Financial INC
Mar 30, 2000
—
Lake Hollywood Investments LLC
—
Deed Of Trust
related
$3,250,000 · Far East National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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