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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Strip malls
8502 Lk Mead Blvd Las Vegas, NV 89128-7616
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-0326866
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,040 SF
Lot
0.82 ac (35,719 SF)
APN
138-20-611-005
UPID
US62-0326866
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
-
Love Diamond Nails Nail Salon
-
The Jewelers of Las Vegas (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Summer Palace LLC · 6 yrs held
Summer Palace LLC
since 2020
Last sale
$1.4M
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
$1,630,000
ML approach
$1,635,000
CAP Approach
CAP Return
Estimation
6%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,190,000
Current use
RETAIL STORES
$1,885,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.43M (Feb 4 2020)
Last sale anchor
$1.43M
Feb 4 2020
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
$317 / 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
$10,392
Tax year 2023
Assessed value
$410,047
Assessed 2024
Previous assessed
$376,600
+8.9% YoY
Effective rate
2.53%
On assessed value
Assessed land
$225,030
Assessed improvement
$185,017
Land market value
$642,943
Improvement market value
$528,620
Total market value
$1,171,563
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
5,040 SF
Lot
0.82 ac (35,719 SF)
APN
138-20-611-005
UPID
US62-0326866
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Summer Palace LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8635 W SAHARA AVE #444, LAS VEGAS, NV 89117-5858
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2021
—
Summer Palace LLC
—
Deed
related
—
Feb 4, 2020
$1,425,000
Summer Palace LLC
Yehezkel Family Living Trust
Grant Deed
—
Nov 1, 2016
$1,200,000
Shaul Yehezkel
Yerushalmi Properties LLC
Bargain And Sale Deed
$900,000 · Western Alliance Bank
Sep 24, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jan 28, 2008
—
Yerushalmi Properties LLC
Yerushalmi,mordechai & Victoria
Quit Claim Deed
related
—
Aug 21, 1996
$522,500
Mordechai Yerushalmi
Yerushalmi,mordechai
Quit Claim Deed
related
—
Jul 31, 1996
$1,072,500
Yerushalmi,mordechai
Lake Mead Rampart Partners
Trustees Deed
$770,000 · Community Bank Nevada
Aug 18, 1993
$450,500
Mead Rampart Partners Lake
Las Vegas/rampar
Grant Deed
—
—
—
Mordechai Yerushaimi
—
Deed Of Trust
related
$911,250 · Las Vegas Business Bank
—
—
Mordechai Yerushalmi
—
Deed Of Trust
related
$637,921 · First National Bank Nevada
—
—
Mordechai Yerushalmi
—
Deed Of Trust
related
$900,667 · First National Bank Nevada
—
—
Mirdechai Yerushaimi
—
Deed Of Trust
related
$400,000 · First National Bank Nevada
—
—
Mordechai Yerushalmi
—
Deed Of Trust
related
$535,000 · Bank Of Nevada
—
—
Yerushalmi Properties LLC
—
Deed Of Trust
related
—
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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