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Property profile & analytics
OFF-MARKET
Estimated value
$5,880,000
Strip malls
7071 Craig Rd Ste 101 Las Vegas, NV 89129-6057
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0368191
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
FRAME
Total area
19,850 SF
Lot
2.81 ac (122,404 SF)
APN
138-03-715-002
UPID
US62-0368191
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
$7.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.88M
Owner & transaction history
J & S & Sons LP · 11 yrs held
J & S & Sons LP
since 2015
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,000,000
6.5%
$7,385,000
7%
$6,860,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,615,000
Current use
RETAIL STORES
$7,420,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.88M
Range $5.29M – $6.47M · ±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
$296 / 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
$42,219
Tax year 2023
Assessed value
$1,941,748
Assessed 2024
Previous assessed
$1,725,591
+12.5% YoY
Effective rate
2.17%
On assessed value
Assessed land
$481,966
Assessed improvement
$1,459,782
Land market value
$1,377,046
Improvement market value
$4,170,806
Total market value
$5,547,852
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
19,850 SF
Lot
2.81 ac (122,404 SF)
APN
138-03-715-002
UPID
US62-0368191
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.6M
RETAIL STORES
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Lot
2.81 ac
Current owner
From public records · entity-resolved
J & S & Sons LP
Entity
Mailing address
5960 S JONES BLVD, LAS VEGAS, NV 89118-2610
Ownership since
2015
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 22, 2015
$2,450,000
J & S & Sons LP
7071-7091 West Craig Road Hold
Grant Deed
—
May 30, 2013
$1,850,013
7071-7091 West Craig Road
Ballard Spahr LLP
Trustees Deed
—
Apr 25, 2006
—
T Ventures
—
Deed Of Trust
related
$10,500,000 · First National Bank Nevada
Sep 10, 2004
—
Craig Marketplace Pads LLC
Owner,record
Grant Deed
related
—
—
—
Craig Marketplace Pads LLC
—
Deed Of Trust
related
$6,500,000 · Bank Of America
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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