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Property profile & analytics
OFF-MARKET
Estimated value
$20,050,000
Outlet malls
700 Rampart Blvd Las Vegas, NV 89145-4894
Entity Owned
14-yr Hold
Free & Clear
Property ID
US62-0399442
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
CONCRETE
Total area
137,740 SF
Lot
3.99 ac (173,804 SF)
APN
138-32-312-012
UPID
US62-0399442
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
-
Living Spaces Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.48M
Blend (final)
Blend
$20.05M
Owner & transaction history
Black Mailbox LLC · 14 yrs held
Black Mailbox LLC
since 2011
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.05M
Range $18.05M – $22.06M · ±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
$146 / 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
$108,743
Tax year 2023
Assessed value
$3,706,421
Assessed 2024
Previous assessed
$3,317,059
+11.7% YoY
Effective rate
2.93%
On assessed value
Assessed land
$1,429,538
Assessed improvement
$2,276,883
Land market value
$4,084,394
Improvement market value
$6,505,380
Total market value
$10,589,774
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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
137,740 SF
Lot
3.99 ac (173,804 SF)
APN
138-32-312-012
UPID
US62-0399442
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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
3.99 ac
Current owner
From public records · entity-resolved
Black Mailbox LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 2309, BUENA PARK, CA 90621-0809
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
—
700 S Rampart Blvd LLC
—
Deed
related
—
Oct 21, 2011
—
Black Mailbox LLC
Boca Park Marketplace Lv Syndi
Grant Deed
related
—
Sep 1, 2011
—
Black Mailbox LLC
Boca Fashion Village LLC
Grant Deed
related
—
Jun 16, 2011
$4,666,666
Black Mailbox LLC
Charleston Associates LLC
Grant Deed
$10,000,000 · Ing Life Ins & Annunity Co
Dec 23, 2004
—
Boca Fashion Village LLC
Shops Of Boca Park Ph II LLC
Quit Claim Deed
related
$58,000,000 · * Other Institutional Lenders
—
—
700 S Rampart Blvd LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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