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Property profile & analytics
OFF-MARKET
Estimated value
$16,115,000
Grocery and convenience stores
10600 Southern Highlands Pkwy Las Vegas, NV 89141-4368
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0721669
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,997 SF
Lot
20.27 ac (882,961 SF)
APN
177-31-117-002
UPID
US62-0721669
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
-
Coinstar Bank Credit Union
-
TNT Fireworks Discount Store Party Supply Store
-
U.S. Bank ATM - Southern Highlands Smith's Bank Loan Service
-
U.S. Bank Branch Bank Loan Service
-
Ria Money Transfer - Smith's Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.12M
Owner & transaction history
O & O Enterprises LLC · 2 yrs held
O & O Enterprises LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$24.7M
+16.1%
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%
$21,445,000
6.5%
$19,795,000
7%
$18,380,000
Alternative Use
Use
Estimation
RETAIL STORES
$21,310,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$24,745,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$17,260,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$16.12M
Range $14.50M – $17.73M · ±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
$283 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$304,547
Tax year 2022
Assessed value
$15,477,940
Assessed 2023
Previous assessed
$15,477,940
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$7,231,450
Assessed improvement
$8,246,490
Land market value
$20,661,286
Improvement market value
$23,561,400
Total market value
$44,222,686
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
11
Stories
1
Total area
56,997 SF
Lot
20.27 ac (882,961 SF)
APN
177-31-117-002
UPID
US62-0721669
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
RETAIL STORES Current
Est. value
$21.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.7M
OFFICE BUILDING
Est. value
$17.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
11
Lot
20.27 ac
Current owner
From public records · entity-resolved
O & O Enterprises LLC
Entity
Mailing address
11411 SOUTHERN HIGHLANDS PKWY STE #300, LAS VEGAS, NV 89141-3267
Ownership since
2024
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
Jan 29, 2024
—
O & O Enterprises LLC
O & O Enterprises LLC
Intrafamily Transfer
related
$34,000,000 · Symetra Life Insurance Co
Dec 22, 2017
—
Herbst Hc LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
Jan 31, 2014
—
Shmp Echo Base LLC
O & O Enterprises LLC
Grant Deed
related
$35,000,000 · Prudential Mtg Cap
—
—
Herbst Hc LLC
—
Deed Of Trust
related
$35,729,000 · Western Alliance Bk
—
—
O & O Ents LLC
—
Loan Modification
related
$37,470,193 · Miscellaneous Ins Co
—
—
O & O Ents LLC
—
Deed Of Trust
related
$38,000,000 · Miscellaneous Ins Co
—
—
O & O Ents LLC
—
Loan Modification
related
$38,000,000 · Miscellaneous Ins Co
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
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