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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Strip malls
8520 Blue Diamond Rd Las Vegas, NV 89178-9296
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0375432
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Construction
FRAME
Total area
6,318 SF
Lot
1.05 ac (45,738 SF)
APN
176-21-215-007
UPID
US62-0375432
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
-
iPhone DOCTOR- Blue Diamond, We Repair ANY Wireless Device. Computer & Electronic Repair Tech Support Center
-
Mountain's Edge Pediatric Dentistry Dental Office
-
Chandler Hyer Dental Office
-
Resurrected Barbershop Barber Shop
-
Chandler Dodd Hyer Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.16M
Owner & transaction history
101 Patricia B Trust · 6 yrs held
101 Patricia B Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+27.9%
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 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%
$2,545,000
6.5%
$2,350,000
7%
$2,185,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,745,000
Current use
AUTO REPAIR, GARAGE
$3,510,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$2,360,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±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
$342 / 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
$12,036
Tax year 2023
Assessed value
$785,067
Assessed 2024
Previous assessed
$696,992
+12.6% YoY
Effective rate
1.53%
On assessed value
Assessed land
$416,216
Assessed improvement
$368,851
Land market value
$1,189,189
Improvement market value
$1,053,860
Total market value
$2,243,049
Applied tax rate
635.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2016
Construction
FRAME
Heating
YES
Stories
1
Total area
6,318 SF
Lot
1.05 ac (45,738 SF)
APN
176-21-215-007
UPID
US62-0375432
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
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2016
Construction
FRAME
Heating
YES
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
101 Patricia B Trust
Trust
Mailing address
525 MANHATTAN AVE APT B, HERMOSA BEACH, CA 90254-2079
Ownership since
2019
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
Aug 28, 2019
—
101 Patricia B Trust
Brunner,michael
Grant Deed
related
—
Sep 25, 2018
$3,500,000
Michael Brunner
Mass-eq-bd & D LLC
Grant Deed
—
May 31, 2017
—
Mass Eq-bd & D LLC
—
Deed
related
$2,500,000 · Mountain America FCU
Jun 22, 2016
—
Mass Eq-bd & D LLC
—
Deed
related
$1,950,000 · Terracotta Credit Fund LP
Nov 19, 2015
$1,050,000
Mass Eq-bd & D LLC
Bcp-durango LLC
Grant Deed
$600,000 · 786 Childre's Trust (ct)
Jul 10, 2013
$2,880,000
Bcp-durango LLC
Durango Diamond Trails LLC
Grant Deed
related
$2,300,000 · Jefferson Fin'l
Nov 10, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Mass Eq-bd & D LLC
—
Deed Of Trust
related
$1,950,000 · Terracotta Credit Fund LP
—
—
Mass Eq-bd & D LLC
—
Deed Of Trust
related
$2,500,000 · Mountain America FCU
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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