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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Strip malls
774 Mays Blvd Incline Village, NV 89451-9669
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US62-0349700
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
WOOD
Total area
8,640 SF
Lot
5.43 ac (236,531 SF)
Zoning code
TA_IVC
APN
132-201-07
UPID
US62-0349700
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
-
Czyz's Appliance Home Appliance Store Hardware & Home Improvement
-
Tahoe Marine Salvage and Dive Marine Engineer
-
Sierra Angels Investments Financial Advisor
-
Emotional Health Pain Management Physician
-
Lloyd Bryan Adams Television Studio Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Incline Village Center LP · 14 yrs held
Incline Village Center LP
since 2011
4 recorded transactions
Zoning & alternative use
TA_IVC · Incline Village, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+4.9%
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 Incline Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Incline Village 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%
$3,695,000
6.5%
$3,410,000
7%
$3,170,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,725,000
Current use
COMMERCIAL (GENERAL)
$3,910,000
Change: +5% · Conversion: Easy
RESTAURANT
$3,615,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$3,020,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±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
$343 / 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
$53,184
Tax year 2023
Assessed value
$1,610,705
Assessed 2023
Previous assessed
$1,403,794
+14.7% YoY
Effective rate
3.30%
On assessed value
Assessed land
$596,058
Assessed improvement
$1,014,647
Land market value
$1,703,023
Improvement market value
$2,898,991
Total market value
$4,602,014
Applied tax rate
5,200.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
1
Units
6
Total area
8,640 SF
Lot
5.43 ac (236,531 SF)
Zoning code
TA_IVC
APN
132-201-07
UPID
US62-0349700
Jurisdiction
WASHOE
Zoning & alternative use
TA_IVC · Incline Village, NV
Zoning TA_IVC · permitted uses
TA_IVC · Incline Village, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Incline Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RESTAURANT
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL 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
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
5.43 ac
Current owner
From public records · entity-resolved
Incline Village Center LP
Entity
Mailing address
PO BOX 13059, OAKLAND, CA 94661-0059
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Incline Village Center LP
—
Deed
related
$2,700,000 · First Republic Bank
Dec 1, 2011
—
Incline Village Center LP
Incline Village Center LP
Quit Claim Deed
related
$3,125,000 · First Republic Bank
Mar 14, 1991
$2,665,159
Bayside Associates Ltd
Unknown
Grant Deed
—
—
—
Incline Village Center
—
Deed Of Trust
related
$3,300,000 · First Republic 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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