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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Auto shops
8825 Flamingo Rd Las Vegas, NV 89147-8718
Individually Owned
1-yr Hold
Free & Clear
Property ID
US62-1307705
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,614 SF
Lot
0.88 ac (38,333 SF)
APN
163-20-515-002
UPID
US62-1307705
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
-
Tire Works (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$550k
Owner & transaction history
Lawrence Bishop & Sharon Bishop Joi · 1 yrs held
Lawrence Bishop & Sharon Bishop Joi
since 2025
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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$72 / 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
$12,319
Tax year 2023
Assessed value
$509,046
Assessed 2024
Previous assessed
$459,119
+10.9% YoY
Effective rate
2.42%
On assessed value
Assessed land
$291,802
Assessed improvement
$217,244
Land market value
$833,720
Improvement market value
$620,697
Total market value
$1,454,417
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
7,614 SF
Lot
0.88 ac (38,333 SF)
APN
163-20-515-002
UPID
US62-1307705
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
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Lawrence Bishop & Sharon Bishop Joi
Individual
Free & Clear · 1 yrs held
Mailing address
441 E STRAWBERRY DR, MILL VALLEY, CA 94941-3262
Ownership since
2025
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 7, 2025
—
Lawrence Bishop & Sharon Bishop Joi
Revocable Living Trust Agmt Of Patr
Deed
related
—
Mar 28, 2013
$1,480,000
Bishop William J Trust
Sisto Family Trust
Grant Deed
—
Mar 28, 2013
—
Patricia A Bishop
Larraux,frank
Grant Deed
related
—
May 23, 2012
$1,400,000
Sisto Family Trust
Bcp 8825 Flamingo LLC
Grant Deed
$500,000 · Bcp-8825 Flamingo LLC
Dec 8, 2010
$1,160,000
Bcp-8825 Flamingo LLC
Cameron Asset LLC
Grant Deed
—
Nov 8, 2010
$950,000
Cameron Asset LLC
Lehman Brothers Series 2007-1
Grant Deed
related
—
Aug 27, 2010
$969,000
Lehman Brothers Series 2007-1
Fidelity Natl Title Ins
Trustees Deed
related
—
Jan 28, 2005
$1,750,000
Bro Family Affair LLC
Fursman,gary T & Patricia A
Grant Deed
$1,330,000 · Comerica Bank
Oct 31, 2001
$650,000
Gary T Fursman
Cherokee-icon LP
Grant Deed
$850,000 · Nevada First 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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