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Property profile & analytics
OFF-MARKET
Estimated value
$4,835,000
Day care centers
N Las Vegas, NV 89031
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0602570
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2021
Construction
FRAME
Total area
10,206 SF
Lot
1.97 ac (85,813 SF)
APN
124-33-614-002
UPID
US62-0602570
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$4.84M
Owner & transaction history
North Summit Company LLC · 4 yrs held
North Summit Company LLC
since 2021
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+145.1%
Commercial (general)
$6.5M
+115.1%
Auto repair, garage
$5.7M
+88.9%
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
$5,300,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,000,000
Current use
RESTAURANT
$7,355,000
Change: +145% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,455,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,670,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,430,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$3,815,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$3,090,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$4.84M
Range $4.35M – $5.32M · ±10% · vs last sale $4.59M (Oct 1 2021)
Last sale anchor
$4.59M
Oct 1 2021
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
$474 / 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
$31,527
Tax year 2023
Assessed value
$1,176,668
Assessed 2024
Previous assessed
$1,049,910
+12.1% YoY
Effective rate
2.68%
On assessed value
Assessed land
$375,432
Assessed improvement
$801,236
Land market value
$1,072,663
Improvement market value
$2,289,246
Total market value
$3,361,909
Applied tax rate
250.0000
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
2021
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Total area
10,206 SF
Lot
1.97 ac (85,813 SF)
APN
124-33-614-002
UPID
US62-0602570
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
$3.0M
RESTAURANT
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.1M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2021
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
North Summit Company LLC
Entity
Mailing address
PO BOX 9000, RENO, NV 89507-9000
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$4,592,592
North Summit Company LLC
Ehi Investments 1 LLC
Bargain And Sale Deed
—
Jun 24, 2020
$50,000
Ehi Investments 1 LLC
Cai Investments LLC
Grant Deed
related
$3,015,000 · Sdp Reit LLC
Dec 3, 2018
—
Cai Invs Sub Series 202 LLC
—
Deed
related
$2,907,563 · Sdp Reit LLC
Feb 27, 2018
$390,000
Cai Investments Sub 202 LLC
Scope Camino Al Norte LLC
Grant Deed
$200,000 · Prem Deferred Trust (ct)
May 7, 2008
$3,456,900
Scope Camino Al Norte LLC
Camino Office Condos LLC
Grant Deed
related
$2,565,000 · S & T Bank
—
—
Cai Invs Sub Series 202 LLC
—
Deed Of Trust
related
$2,907,563 · Sdp Reit LLC
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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