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Property profile & analytics
OFF-MARKET
Estimated value
$64,340,000
Retail space
7135 Decatur Blvd Las Vegas, NV 89118-4376
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US62-0354749
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
CONCRETE
Total area
324,800 SF
Lot
17.26 ac (751,846 SF)
APN
176-01-801-037
UPID
US62-0354749
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
-
Switch LAS VEGAS - The Core Campus Corporate Office
-
Dino Solutions, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
H P Cloud Business Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$64.34M
Owner & transaction history
Switch Ltd · 13 yrs held
Switch Ltd
since 2013
7 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$103,325,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$64.34M
Range $57.91M – $70.77M · ±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
$198 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$651,081
Tax year 2020
Assessed value
$24,472,450
Assessed 2021
Previous assessed
$24,472,450
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$3,157,753
Assessed improvement
$21,314,697
Land market value
$9,022,151
Improvement market value
$60,899,134
Total market value
$69,921,285
Applied tax rate
635.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Total area
324,800 SF
Lot
17.26 ac (751,846 SF)
APN
176-01-801-037
UPID
US62-0354749
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
INDUSTRIAL (GENERAL)
Est. value
$103.3M
INDUSTRIAL (GENERAL)
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
2008
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
17.26 ac
Current owner
From public records · entity-resolved
Switch Ltd
Individual
Mailing address
PO BOX 400850, LAS VEGAS, NV 89140-0850
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2013
—
Switch Ltd
—
Deed Of Trust
related
$78,000,000 · Nevada State Bank
Feb 28, 2013
—
Switch Communications Group Ll
—
Deed Of Trust
related
$35,000,000 · Nevada State Bank
Mar 31, 2011
—
Busn Park Warehouse No Beltway
—
Deed Of Trust
related
$25,000,000 · Nevada State Bank
Oct 1, 2009
—
Switch Communications Group Ll
—
Deed Of Trust
related
$50,000,000 · Nevada State Bank
Aug 5, 2008
—
Busn Park Warehouse No Beltway
—
Deed Of Trust
related
$40,000,000 · Nevada State Bank
—
—
Switch Communications Group Ll
—
Deed Of Trust
related
$25,000,000 · Nevada State Bank
—
—
Switch Communications Group Ll
—
Deed Of Trust
related
$40,000,000 · Nevada State Bank
—
—
Switch Ltd
—
Deed Of Trust
related
$250,000,000 · Nevada State Bank
—
—
Busn Park Warehouse 3 Beltway
—
Deed Of Trust
related
$25,000,000 · Nevada State Bank
—
—
Switch Communications Grp LLC
—
Deed Of Trust
related
$40,000,000 · Nevada State Bank
—
—
Switch Communications Group Ll
—
Deed Of Trust
related
$25,000,000 · Nevada State 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.
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