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Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Strip malls
9265 Cimarron Rd Las Vegas, NV 89178-2549
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0269339
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
FRAME
Total area
12,720 SF
Lot
2.74 ac (119,354 SF)
APN
176-21-214-002
UPID
US62-0269339
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
-
Subway Take-out & Catering
-
IPhone Repair Las Vegas Computer & Electronic Repair Tech Support Center
-
Self Storage Storage Facility
-
TNT Pawn and Jewelry Discount Store (Bike/Boat/Book/etc) Store
-
Kabob Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.34M
Owner & transaction history
Standard Insurance Company · 4 yrs held
Standard Insurance Company
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.1M
+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%
$5,130,000
6.5%
$4,735,000
7%
$4,395,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,520,000
Current use
AUTO REPAIR, GARAGE
$7,065,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$4,755,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±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
$341 / 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
$63,536
Tax year 2023
Assessed value
$2,503,608
Assessed 2024
Previous assessed
$2,208,496
+13.4% YoY
Effective rate
2.54%
On assessed value
Assessed land
$751,930
Assessed improvement
$1,751,678
Land market value
$2,148,371
Improvement market value
$5,004,794
Total market value
$7,153,165
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
2008
Construction
FRAME
Heating
YES
Buildings
4
Stories
1
Total area
12,720 SF
Lot
2.74 ac (119,354 SF)
APN
176-21-214-002
UPID
US62-0269339
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
$5.5M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$4.8M
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
2008
Construction
FRAME
Heating
YES
Stories
1
Buildings
4
Lot
2.74 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
9265 S CIMARRON RD, LAS VEGAS, NV 89178-2549
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
Standard Insurance Company
Riviera Shopping Center Ltd
Assignment Of Lease (leasehold Sale)
$7,500,000 · Standard Insurance Company
May 31, 2017
—
Riviera Shopping Center Ltd LP
—
Deed
related
$6,086,780 · Mutual/omaha Bk
Oct 23, 2015
$8,500,000
Riviera Shopping Center Ltd
Teg Blue Diamond LLC
Bargain And Sale Deed
$5,750,000 · Mutual Of Omaha Bank
Mar 25, 2013
$5,650,000
Teg Blue Diamond LLC
Imcc Las Vegas Cimarron LLC
Grant Deed
—
Jun 16, 2011
$11,000,000
Imcc Las Vegas Cimarron LLC
Cimmaron Square Rot LLC
Trustees Deed
related
—
Sep 18, 2009
—
Subway Real Estate Corp
Blue Diamond Partners LLC
Grant Deed
related
—
Jun 12, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 18, 2007
—
Alma Gw Az LLC
Cimmarron Square Kg LLC
Grant Deed
related
—
—
—
Teg Blue Diamond LLC
—
Deed Of Trust
related
$3,050,000 · Mutual/omaha Bk
—
—
Riviera Shopping Center Ltd LP
—
Deed Of Trust
related
$6,086,780 · Mutual/omaha Bk
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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