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Property profile & analytics
OFF-MARKET
Estimated value
$15,175,000
Outlet malls
73 Martin L King Blvd Las Vegas, NV 89106
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0149900
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1991
Construction
CONCRETE
Total area
53,190 SF
Lot
8.18 ac (356,321 SF)
APN
139-33-510-002
UPID
US62-0149900
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
$18.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.18M
Owner & transaction history
Clark County · 1 yrs held
Clark County
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$23.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,015,000
6.5%
$18,475,000
7%
$17,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$19,885,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$23,090,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$16,110,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$15.18M
Range $13.66M – $16.69M · ±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
$285 / 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
$129,659
Tax year 2023
Assessed value
$4,621,079
Assessed 2024
Previous assessed
$4,175,905
+10.7% YoY
Effective rate
2.81%
On assessed value
Assessed land
$891,691
Assessed improvement
$3,729,388
Land market value
$2,547,689
Improvement market value
$10,655,394
Total market value
$13,203,083
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
5
Stories
2
Total area
53,190 SF
Lot
8.18 ac (356,321 SF)
APN
139-33-510-002
UPID
US62-0149900
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
$19.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.1M
OFFICE BUILDING
Est. value
$16.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1991
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Buildings
5
Lot
8.18 ac
Current owner
From public records · entity-resolved
Clark County
Entity
Free & Clear · 1 yrs held
Mailing address
1 ASHLEY WAY, ARCADIA, WI 54612-1218
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Yb Si Assets LLC
—
Deed
related
$1,236,635 · Deutsche Bank Trust Co Americas
Apr 1, 2025
—
Clark County
Ashley Real Estate LLC
Bargain & Sale Deed
—
Dec 29, 2022
—
Ashley Real Estate LLC
Furniture Plaza Mlk LLC
Deed
—
Nov 20, 2009
—
Furniture Plaza Mlk LLC
Constantino Noval Nevada LLC
Grant Deed
related
—
Oct 24, 2003
$14,200,000
Noval,tr
Levitz Plaza LLC
Grant Deed
—
Jul 28, 2000
—
Saxton INC
—
Deed Of Trust
related
$10,000,000 · Key Bank NA
May 21, 1998
$1,600,000
Mlk Holdings Ptshp
American Nevada Lmn LP
Grant Deed
related
—
Dec 31, 1997
$1,600,000
American Nevada Lmn LP
Saxton INC
Grant Deed
—
Nov 10, 1997
—
Levitz Plaza LLC
Saxon INC
Grant Deed
$10,000,000 · Nomura Asset Capital Corp
Jun 30, 1997
$1,073,500
Saxton INC
Levitz Plaza
Trustees Deed
—
Jun 30, 1997
$123,500
Saxton INC
Levitz Plaza
Trustees Deed
—
—
—
Furniture Plaza Mlk LLC
—
Deed Of Trust
related
$8,035,891 · Ashley Furniture Inds INC
—
—
Levitz Plaza LLC
—
Deed Of Trust
related
$1,325,000 · Chicago Title
—
—
Saxton INC
—
Deed Of Trust
related
$1,506,000 · Peerless Insurance Co
—
—
Levitz Plaza LLC
—
Deed Of Trust
related
$200,000 · Kolesar & Leatham Chtd
—
—
Plaza Levitz
—
Deed Of Trust
related
$412,500 · Bankwest Of Nevada
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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