New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,905,000
Outlet malls
7239 Spg Mtn Rd Las Vegas, NV 89117-3808
Entity Owned
~
Est. High Equity
Property ID
US62-0218997
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,150 SF
Lot
3.3 ac (143,748 SF)
APN
163-15-610-020
UPID
US62-0218997
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
-
99 Cents Only Stores Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.07M
CAP Approach
CAP
$8.39M
Comparable Approach
Comparable
$6.31M
Blend (final)
Blend
$7.91M
Owner & transaction history
Lakeshore Ent Spring Mountain LLC
Lakeshore Ent Spring Mountain LLC
since 2026
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.5M
+16.1%
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
$7,715,000
ML approach
$8,065,000
CAP Approach
CAP Return
Estimation
6%
$9,085,000
6.5%
$8,390,000
7%
$7,790,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,485,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$7.91M
Range $7.11M – $8.70M · ±10% · vs last sale $7.92M (Aug 2 2022)
Last sale anchor
$7.92M
Aug 2 2022
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
$327 / 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
$27,842
Tax year 2023
Assessed value
$1,168,426
Assessed 2024
Previous assessed
$1,088,489
+7.3% YoY
Effective rate
2.38%
On assessed value
Assessed land
$679,209
Assessed improvement
$489,217
Land market value
$1,940,597
Improvement market value
$1,397,763
Total market value
$3,338,360
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
24,150 SF
Lot
3.3 ac (143,748 SF)
APN
163-15-610-020
UPID
US62-0218997
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
RETAIL STORES Current
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Lakeshore Ent Spring Mountain LLC
Entity
Mailing address
22391 HARWICH LN, HUNTINGTON BEACH, CA 92646-8447
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
Lakeshore Ent Spring Mountain LLC
Lakeshore Enterprises
Deed
related
$2,855,000 · Lexicon Bank
Aug 2, 2022
$7,920,000
Lakeshore Enterprises
Granite Peak Property Investments L
Bargain And Sale Deed
—
May 26, 2022
—
Granite Peak Property Investments L
—
Deed
related
$3,842,173 · Sunrise Capital Resources LLC
Feb 10, 2022
—
Granite Peak Property Investments L
—
Deed
related
$3,900,000 · Gary M Rust
Dec 10, 2021
$6,300,000
Peak Property Investments LP
99 Cents Only Stores LLC
Bargain And Sale Deed
—
Feb 16, 2018
—
99 Cents Only Stores LLC
—
Grant Deed
related
$200,000,000 · Royal Bk/canada
Dec 30, 2010
$3,467,000
Only Stores 99cents
Wells Cargo INC
Grant Deed
—
May 6, 2009
—
Wells Cargo INC
Wells Cargo INC
Quit Claim Deed
related
—
Mar 11, 2008
—
Wells Cargo INC
—
Deed Of Trust
related
$3,800,000 · Bank Of George
Jun 28, 2006
—
Wells Cargo INC
—
Trustees Deed
related
$3,490,500 · Nevada State Bank
Jan 26, 1998
—
Clark County (nv)
Wells Cargo INC
Grant Deed
related
—
Jun 30, 1995
—
Wells Cargo INC
—
Deed Of Trust
related
$3,000,000 · Pioneer Citizens Bank Nevada
Oct 15, 1993
—
Wells Cargo INC
Rainbow Springs
Quit Claim Deed
related
—
—
—
Wells Cargo INC
—
Deed Of Trust
related
$2,000,000 · Pioneer Citizens Bank Nevada
—
—
Wells Cargo INC
—
Deed Of Trust
related
$1,912,500 · Nevada State Bank
—
—
Wells Cargo INC
—
Deed Of Trust
related
$3,000,000 · Nevada State Bank
—
—
Wells Cargo INC
—
Deed Of Trust
related
$1,800,000 · Bank Of George
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7239 Spg Mtn Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
