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Property profile & analytics
OFF-MARKET
Estimated value
$3,770,000
Outlet malls
7411 Lk Mead Blvd Las Vegas, NV 89128-0265
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0148319
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,984 SF
Lot
1.46 ac (63,598 SF)
APN
138-22-302-008
UPID
US62-0148319
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
-
Zyng Technologies Financial Services & Bitcoin ATM Atm Currency Exchange Service
-
Lee's Discount Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.77M
Owner & transaction history
Buffalo & Lake Mead Blvd LLC · 27 yrs held
Buffalo & Lake Mead Blvd LLC
since 1999
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
RETAIL STORES
$5,975,000
Current use
Blend value · Realmo final
$3.77M
Range $3.39M – $4.15M · ±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
$236 / 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
$28,524
Tax year 2023
Assessed value
$1,060,662
Assessed 2024
Previous assessed
$959,731
+10.5% YoY
Effective rate
2.69%
On assessed value
Assessed land
$400,667
Assessed improvement
$659,995
Land market value
$1,144,763
Improvement market value
$1,885,700
Total market value
$3,030,463
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
15,984 SF
Lot
1.46 ac (63,598 SF)
APN
138-22-302-008
UPID
US62-0148319
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
$6.0M
RETAIL STORES Current
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Buffalo & Lake Mead Blvd LLC
Entity
Mailing address
4427 E SUNSET RD, HENDERSON, NV 89014-2265
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
—
Buffalo & Lake Mead Blvd LLC
—
Deed
related
$2,747,602 · Bbcn Bank
Dec 26, 2017
—
Buffalo & Lake Mead Blvd LLC
—
Deed
related
$3,168,000 · Bank Of Hope
Dec 31, 2012
—
West Flamingo & Ft Apache LLC
—
Deed Of Trust
related
$32,756,485 · Nevada State Bank
Jul 29, 2010
—
Buffalo & Lake Mead Blvd LLC
—
Trustees Deed
related
$2,052,093 · Nevada State Bank
Jan 7, 1999
$1,211,000
Buffalo & Lake Mead Blvd LLC
Corrigan Trust
Grant Deed
$608,000 · Nevada State Bank
—
—
Buffalo & Lake Mead LLC
—
Deed Of Trust
related
$2,907,151 · East West Bk
—
—
Buffalo & Lake Mead Blvd LLC
—
Deed Of Trust
related
$1,257,500 · Nevada State Bank
—
—
Buffalo & Lake Mead Blvd LLC
—
Deed Of Trust
related
$3,168,000 · Bank Of Hope
—
—
Buffalo & Lake Mead Blvd LLC
—
Deed Of Trust
related
$7,000,000 · Centerbank
—
—
Buffalo & Lake Mead Blvd LLC
—
Deed Of Trust
related
$1,257,500 · 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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