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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
100 Vl Dr Boulder City, NV 89005-1401
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-1286288
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1990
Construction
FRAME
Total area
2,979 SF
Lot
1.1 ac (47,916 SF)
APN
186-04-501-002
UPID
US62-1286288
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
-
Western Union Bank Credit Union
-
Boulder City Gas Station
-
HOOVER DAM GAS Gas Station
-
Terrible's Grocery & Convenience Store
-
Chevron Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Herbst Dev LLC · 9 yrs held
Herbst Dev LLC
since 2016
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 Boulder City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,528
Tax year 2023
Assessed value
$416,810
Assessed 2024
Previous assessed
$377,316
+10.5% YoY
Effective rate
1.57%
On assessed value
Assessed land
$247,366
Assessed improvement
$169,444
Land market value
$706,760
Improvement market value
$484,126
Total market value
$1,190,886
Applied tax rate
50.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,979 SF
Lot
1.1 ac (47,916 SF)
APN
186-04-501-002
UPID
US62-1286288
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
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Herbst Dev LLC
Entity
Mailing address
5195 LAS VEGAS BLVD S, LAS VEGAS, NV 89119-3209
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2021
—
E T T Services Stations LLC
—
Deed
related
$16,600,247 · Western Alliance Bank
Dec 22, 2017
—
Herbst Dev LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
Jul 26, 2016
$1,350,000
Herbst Dev LLC
Silver Lantern LLC
Grant Deed
$1,350,000 · Private Individual
Aug 9, 2013
$342,500
Silver Lantern LLC
100 Ville Drive LLC
Grant Deed
—
Jan 21, 2011
$996,078
100 Ville Drive LLC
Assured Lender Svcs INC
Trustees Deed
—
Apr 7, 2005
$1,650,000
First Stop Last Stop
Cecile Street INC
Grant Deed
$1,000,000 · Standard Insurance Co
Feb 14, 2002
$1,200,000
Cecile Street INC
Carlson,lynda & Don F
Grant Deed
$926,400 · Bank Of The West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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