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Property profile & analytics
OFF-MARKET
Estimated value
$10,170,000
Strip malls
6985 Sahara Ave Las Vegas, NV 89117-2819
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US62-0324813
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
FRAME
Total area
45,352 SF
Lot
5.25 ac (228,690 SF)
APN
163-10-510-001
UPID
US62-0324813
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
-
Pricz Tattoo Studio Tattoo & Piercing Shop
-
Paradise Place Jamaican Cuisine Restaurant
-
Jose Wasiak: Allstate Insurance Insurance Agency
-
John H. Vigil, DC Alternative Medicine Practice
-
On Time Quality Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.17M
Owner & transaction history
Srp Plaza LP · 23 yrs held
Srp Plaza LP
since 2003
3 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
$224 / 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
$79,302
Tax year 2023
Assessed value
$3,064,485
Assessed 2024
Previous assessed
$2,746,701
+11.6% YoY
Effective rate
2.59%
On assessed value
Assessed land
$1,440,747
Assessed improvement
$1,623,738
Land market value
$4,116,420
Improvement market value
$4,639,251
Total market value
$8,755,671
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
Off-Market
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Buildings
3
Stories
2
Total area
45,352 SF
Lot
5.25 ac (228,690 SF)
APN
163-10-510-001
UPID
US62-0324813
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
1988
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
3
Lot
5.25 ac
Current owner
From public records · entity-resolved
Srp Plaza LP
Entity
Mailing address
3275 S JONES BLVD STE #105, LAS VEGAS, NV 89146-6768
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
—
Srp Plaza LP
—
Deed
related
$8,400,000 · Enterprise Bank & Trust
Jul 16, 2003
$9,350,000
Srp Plaza LP
Honolulu Laundry Co Ltd
Grant Deed
$8,250,000 · First National Bank Nevada
—
—
Srp Plaza LP
—
Loan Modification
related
$7,113,354 · Us Bank NA 2005-pwr7 (ce)
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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