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Property profile & analytics
OFF-MARKET
Estimated value
$5,915,000
Outlet malls
7470 Lk Mead Blvd Las Vegas, NV 89128-0264
Entity Owned
~
Est. High Equity
Property ID
US62-0378290
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
FRAME
Total area
20,648 SF
Lot
2.43 ac (105,851 SF)
APN
138-22-211-008
UPID
US62-0378290
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
$5.12M
CAP Approach
CAP
$7.17M
Comparable Approach
Comparable
$7.87M
Blend (final)
Blend
$5.92M
Owner & transaction history
Vegas Vh Property LLC
Vegas Vh Property LLC
since 2025
Last sale
$6.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.0M
+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
$5,225,000
ML approach
$5,120,000
CAP Approach
CAP Return
Estimation
6%
$7,770,000
6.5%
$7,170,000
7%
$6,660,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,965,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$5.92M
Range $5.32M – $6.51M · ±10% · vs last sale $6.03M (Aug 3 2025)
Last sale anchor
$6.03M
Aug 3 2025
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
$286 / 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
$25,958
Tax year 2023
Assessed value
$1,101,141
Assessed 2024
Previous assessed
$1,053,392
+4.5% YoY
Effective rate
2.36%
On assessed value
Assessed land
$600,175
Assessed improvement
$500,966
Land market value
$1,714,786
Improvement market value
$1,431,331
Total market value
$3,146,117
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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
20,648 SF
Lot
2.43 ac (105,851 SF)
APN
138-22-211-008
UPID
US62-0378290
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
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
Vegas Vh Property LLC
Entity
Mailing address
11720 EL CAMINO REAL STE #250, SAN DIEGO, CA 92130-2243
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
$6,030,000
Vegas Vh Property LLC
7470 W Lake Mead Blvd Las Vegas Nv
Bargain & Sale Deed
$6,000,000 · Bmo Bank NA
Mar 30, 2023
$4,652,789
Tng 99lm LP
99 Cents Only Stores LLC
Bargain And Sale Deed
—
Mar 30, 2023
—
99 Cents Only Stores LLC
Tng 99lm LP
Lease
—
Feb 16, 2018
—
99 Cents Only Stores LLC
—
Grant Deed
related
$200,000,000 · Royal Bk/canada
Nov 15, 2001
$2,400,000
Only Stores 99
Longs Drug Stores California
Grant Deed
—
—
—
Jonas Willis SR.
—
Deed Of Trust
related
$128,000 · Countrywide Home Loans INC
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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