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Property profile & analytics
OFF-MARKET
Estimated value
$6,755,000
Strip malls
727 9th St Ste A Las Vegas, NV 89101-7091
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1063631
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,086 SF
Lot
0.72 ac (31,363 SF)
APN
139-34-812-003
UPID
US62-1063631
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
-
Affirming God's People UCC Church
-
Las Vegas TransPride Charitable Organization Social Service Agency
-
Visions of Faith Ministries Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.62M
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$6.76M
Owner & transaction history
923 Properties LLC · 4 yrs held
923 Properties LLC
since 2022
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.2M
+66.0%
Commercial (general)
$8.5M
+38.5%
Auto repair, garage
$7.8M
+27.9%
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
$8,135,000
ML approach
$7,620,000
CAP Approach
CAP Return
Estimation
6%
$5,680,000
6.5%
$5,240,000
7%
$4,865,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,115,000
Current use
RESTAURANT
$10,150,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,470,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,825,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$6.76M
Range $6.08M – $7.43M · ±10% · vs last sale $6.80M (Jun 15 2022)
Last sale anchor
$6.80M
Jun 15 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
$480 / 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
$16,058
Tax year 2023
Assessed value
$551,022
Assessed 2024
Previous assessed
$489,902
+12.5% YoY
Effective rate
2.91%
On assessed value
Assessed land
$159,167
Assessed improvement
$391,855
Land market value
$454,763
Improvement market value
$1,119,586
Total market value
$1,574,349
Applied tax rate
203.0000
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
2
Stories
1
Total area
14,086 SF
Lot
0.72 ac (31,363 SF)
APN
139-34-812-003
UPID
US62-1063631
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
$6.1M
RESTAURANT
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
923 Properties LLC
Entity
Mailing address
11201 N TATUM BLVD, PHOENIX, AZ 85028-6036
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$6,800,000
923 Properties LLC
Charleston Towers LLC
Bargain And Sale Deed
$3,860,000 · Mountain West Reit LLC
May 28, 2010
$1,825,000
Charleston Towers LLC
Clark Cnty Cu
Grant Deed
$1,300,000 · Clark County Cu
Jan 20, 2010
$1,500,000
Cnty Cu Clark
Nevada Title Co
Trustees Deed
related
—
May 23, 2008
—
Work At Home LLC
Casino Center Properties LLC
Grant Deed
—
Jan 14, 2005
$1,800,000
Casino Center Properties LLC
Tenth & Charleston Properties
Grant Deed
$600,000 · Michele Achiardi
—
—
Charleston Towers LLC
—
Deed Of Trust
related
$600,000 · Ziroli Family Trust (pt)
—
—
Casino Center Properties LLC
—
Deed Of Trust
related
$1,880,000 · Gilbert Family Trust
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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