Back to Search
Property profile & analytics
FOR LEASE
Super regional malls
1936-1940 Plateau Way West Wendover, NV 89883
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0917464
For Lease
1 / 8
$1,995,000
1936-1940 Plateau Way, West Wendover, NV 89883
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1985
Total area
40,918 SF
Lot
3 ac (130,680 SF)
Zoning code
C-3
APN
010-701-028
UPID
US62-0917464
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
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
The Plaza Series LLC · 4 yrs held
The Plaza Series LLC
since 2022
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
C-3 · West Wendover, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide all commercial uses customarily found in a commercial area, including, but not limited to, retail and service activities, office buildings, public and quasi-public land uses and limited residential uses.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
795.03 ac
Source
Realmo
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 West Wendover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Wendover 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
$2,145,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,295,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10% · vs last sale $2.00M (Apr 29 2022)
Last sale anchor
$2.00M
Apr 29 2022
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
$49 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$33,922
Tax year 2024
Assessed value
$897,153
Assessed 2024
Previous assessed
$897,153
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$61,582
Assessed improvement
$835,571
Land market value
$175,949
Improvement market value
$2,387,346
Total market value
$2,563,295
Applied tax rate
23.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1985
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
40,918 SF
Lot
3 ac (130,680 SF)
Zoning code
C-3
APN
010-701-028
UPID
US62-0917464
Jurisdiction
ELKO
Zoning & alternative use
C-3 · West Wendover, NVZoning C-3 · permitted uses
C-3 · West Wendover, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zoning district is to provide all commercial uses customarily found in a commercial area, including, but not limited to, retail and service activities, office buildings, public and quasi-public land uses and limited residential uses.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
795.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.3M
AUTO REPAIR, GARAGE
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
1985
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
The Plaza Series LLC
Entity
Mailing address
PO BOX 4205, WEST WENDOVER, NV 89883-4205
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$2,000,000
The Plaza Series LLC
The Plaza LLC
Bargain And Sale Deed
$1,700,000 · The Plaza LLC
Jun 22, 2006
$1,500,000
The Plaza LLC
The Plaza Shopping Center INC
Warranty Deed
$1,650,000 · Anb Financial NA
Apr 19, 2004
—
Plaza Shopping Center INC
Wendover Plaza INC
Quit Claim Deed
related
—
Jan 7, 2004
—
Wendover Plaza INC
Wendover Plaza Ptrs
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
