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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Theaters & concert halls
7950 Windmill Ln Las Vegas, NV 89113-4514
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1285747
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
2014
Construction
FRAME
Total area
54,754 SF
Lot
14.58 ac (635,105 SF)
APN
176-09-801-008
UPID
US62-1285747
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
-
The Crossing Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.36M
Owner & transaction history
7950 W Windmill LLC · 4 yrs held
7950 W Windmill LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+71.7%
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
THEATER (MOVIE)
$2,020,000
Current use
RESTAURANT
$3,465,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±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
$43 / 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
Assessed value
$12,471,386
Assessed 2024
Previous assessed
$11,203,788
+11.3% YoY
Assessed land
$3,556,791
Assessed improvement
$8,914,595
Land market value
$10,162,260
Improvement market value
$25,470,271
Total market value
$35,632,531
Applied tax rate
417.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
54,754 SF
Lot
14.58 ac (635,105 SF)
APN
176-09-801-008
UPID
US62-1285747
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
THEATER (MOVIE) Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.5M
THEATER (MOVIE) Current
RESTAURANT
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
2014
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
14.58 ac
Current owner
From public records · entity-resolved
7950 W Windmill LLC
Entity
Mailing address
7950 W WINDMILL LN, LAS VEGAS, NV 89113-4514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
—
7950 W Windmill LLC
The Crossing Legacy Fund
Warranty Deed
—
Jul 28, 2021
—
The Crossing Legacy Fund
The 7950 W Windmill Lane Revocable
Warranty Deed
—
Jul 27, 2021
—
The 7950 W Windmill Lane Revocable
The Crossing A Christian Church
Warranty Deed
—
Jan 30, 2013
—
A Christian Church Crossing
—
Grant Deed
related
$10,162,586 · Church Development Fund
Aug 25, 2011
—
Crossing
—
Grant Deed
related
$1,137,315 · Church Development Fund
Feb 27, 2004
$1,762,500
Crossing
United States Of America
Grant Deed
$1,586,250 · Church Development Fund
—
—
Crossing
—
Deed Of Trust
related
$250,000 · Church Dev Fund
—
—
Crossing
—
Deed Of Trust
related
$16,940,000 · Bank Of The West
—
—
Crossing
—
Loan Modification
related
$700,000 · Church Dev Fund
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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