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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Day care centers
985 Serene Ave Las Vegas, NV 89123-3146
Individually Owned
5-yr Hold
Free & Clear
Property ID
US62-0129291
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2001
Construction
FRAME
Total area
12,400 SF
Lot
1.98 ac (86,249 SF)
APN
177-22-702-005
UPID
US62-0129291
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
-
Capstone Christian Academy High School
-
Christ Our Redeemer Anglican Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$3.64M
Owner & transaction history
Capstone Christian Academy · 5 yrs held
Capstone Christian Academy
since 2020
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.4M
+47.6%
Retail stores
$4.6M
+27.2%
Office building
$3.8M
+3.0%
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
$3,660,000
ML approach
$3,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,645,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,385,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$4,635,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$3,755,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±10% · vs last sale $3.20M (Nov 10 2020)
Last sale anchor
$3.20M
Nov 10 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
$293 / 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
Assessed value
$1,041,340
Assessed 2024
Previous assessed
$944,396
+10.3% YoY
Assessed land
$362,246
Assessed improvement
$679,094
Land market value
$1,034,989
Improvement market value
$1,940,269
Total market value
$2,975,258
Applied tax rate
470.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
12,400 SF
Lot
1.98 ac (86,249 SF)
APN
177-22-702-005
UPID
US62-0129291
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
RETAIL STORES
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.8M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
2001
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Capstone Christian Academy
Individual
Free & Clear · 5 yrs held
Mailing address
1045 PALMS AIRPORT DR STE #110, LAS VEGAS, NV 89119-3749
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
$3,200,000
Capstone Christian Academy
Kids R Kids Serene LLC
Grant Deed
—
Feb 3, 2003
—
Kids R Kids Serene LLC
Anawim INC
Grant Deed
$997,000 · Nevada State Development Corp
May 31, 2002
$2,607,900
Anawim INC
Janro Investments INC
Grant Deed
$1,400,000 · Vine Street Trust Co
Dec 17, 1999
—
Janro Investments INC
—
Grant Deed
related
$1,837,500 · Bank Of America NA Trustee
Sep 29, 1999
—
Clark County (nv)
Janro Investments INC
Grant Deed
related
—
May 17, 1999
$510,000
Janro Investments INC
Sadri Trust
Grant Deed
—
Jun 17, 1997
—
Star Trust
Sadri,fred & Nasrin
Grant Deed
related
—
Nov 29, 1995
$135,000
Fred Sadri
Federal Land Management LLC
Grant Deed
—
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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