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Property profile & analytics
OFF-MARKET
Estimated value
$171,880,000
Parking lots & garages
8704 Charleston Blvd Las Vegas, NV 89117-5479
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0354235
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2002
Construction
FRAME
Total area
148,480 SF
Lot
8.64 ac (376,358 SF)
APN
138-32-312-011
UPID
US62-0354235
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
-
Doss Realty Group LLC Real Estate Agency
-
Heart Realty Real Estate Agency
-
Kandy Katz | Real Estate Consultant Loan Service Bank
-
Kosher Chinglish Restaurant
-
Chinglish Cantonese Wine Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$177.46M
Blend (final)
Blend
$171.88M
Owner & transaction history
Hukl Fvbp Owner LLC · 3 yrs held
Hukl Fvbp Owner LLC
since 2023
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
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
PARKING LOT
$132,360,000
Current use
RESTAURANT
$107,005,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$171.88M
Range $154.69M – $189.07M · ±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
$1,158 / 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
$227,941
Tax year 2023
Assessed value
$7,886,984
Assessed 2024
Previous assessed
$7,028,999
+12.2% YoY
Effective rate
2.89%
On assessed value
Assessed land
$3,095,545
Assessed improvement
$4,791,439
Land market value
$8,844,414
Improvement market value
$13,689,826
Total market value
$22,534,240
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
148,480 SF
Lot
8.64 ac (376,358 SF)
APN
138-32-312-011
UPID
US62-0354235
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
PARKING LOT Current
Est. value
$132.4M
RESTAURANT
Est. value
$107.0M
PARKING LOT 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
2002
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
8.64 ac
Current owner
From public records · entity-resolved
Hukl Fvbp Owner LLC
Entity
Mailing address
9770 W FLAMINGO RD STE #250, LAS VEGAS, NV 89147-5761
Ownership since
2023
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
Jun 2, 2023
—
Hukl Fvbp Owner LLC
Hukl Fvbp LLC
Bargain And Sale Deed
$36,000,000 · Deutsche Bank National Trust Co
Mar 8, 2023
—
Sba Steel II LLC
Hukl Fvbp LLC
Ground Lease
related
—
Sep 1, 2022
$63,000,000
Hukl Fvbp LLC
U S Bank National Association
Bargain And Sale Deed
—
Sep 10, 2018
$10,000,000
Us Bk NA Seriesv 2005-pwr7 Tr
Nevada Trust Deed Svcs|boca Fashion Village LLC
Trustees Deed
related
—
Oct 29, 2013
—
New Boca Syndications Grp LLC
Charleston Associates LLC
Grant Deed
related
—
Oct 17, 2012
—
New Boca Syndications Grp LLC
Charleston Associates LLC
Grant Deed
related
—
Sep 1, 2011
—
Black Mailbox LLC
Boca Fashion Village LLC
Grant Deed
related
—
Dec 23, 2004
—
Boca Fashion Village LLC
Shops Of Boca Park Ph II LLC
Quit Claim Deed
related
$58,000,000 · * Other Institutional Lenders
—
—
New Boca Syndications Grp LLC
—
Deed Of Trust
related
$51,415,167 · Us Bank Series 2005-pwr7 (ce)
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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