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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Grocery and convenience stores
10980 Eastern Ave Henderson, NV 89052-4975
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-1017692
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Construction
FRAME
Total area
3,934 SF
Lot
1.03 ac (44,867 SF)
APN
178-31-219-002
UPID
US62-1017692
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
-
TNT Fireworks Discount Store Party Supply Store
-
ATM (Green Valley Grocery) Atm Convenience Store
-
Skincare by Pevonia Medical Clinic Skin Care Clinic
-
GV Grocery 45 Grocery & Convenience Store Food Market
-
Shell Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.00M
Owner & transaction history
Parliament Properties LLC · 10 yrs held
Parliament Properties 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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,530,000
Current use
OFFICE BUILDING
$1,325,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$254 / 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
$19,175
Tax year 2023
Assessed value
$945,948
Assessed 2024
Previous assessed
$862,259
+9.7% YoY
Effective rate
2.03%
On assessed value
Assessed land
$628,124
Assessed improvement
$317,824
Land market value
$1,794,640
Improvement market value
$908,069
Total market value
$2,702,709
Applied tax rate
505.0000
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
2000
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,934 SF
Lot
1.03 ac (44,867 SF)
APN
178-31-219-002
UPID
US62-1017692
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2000
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Parliament Properties LLC
Entity
Mailing address
1580 S JONES BLVD, LAS VEGAS, NV 89146-1237
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
—
Parliament Properties LLC
—
Deed
related
$80,000,000 · Umpqua Bank
Dec 5, 2016
—
Parliament Properties LLC
—
Deed
related
$37,100,000 · Citizens Bank NA
Apr 4, 2016
—
Parliament Properties LLC
Crawford,richard T
Grant Deed
related
—
Dec 16, 2011
—
Richard T Crawford
—
Deed Of Trust
related
$3,318,977 · Nevada State Bank
Aug 4, 2008
—
Richard T Crawford
—
Deed Of Trust
related
$2,500,000 · Nevada State Bank
May 22, 2008
—
Richard T Crawford
Crawford,jeri S
Quit Claim Deed
related
—
May 22, 2008
$4,700,000
Richard T Crawford
Stumpf,phillip P & Patricia I
Grant Deed
—
Jan 22, 2004
—
Phillip P Stumpf
—
Trustees Deed
related
$369,500 · Silver State Bank
—
—
Richard T Crawford
—
Deed Of Trust
related
$538,231 · Zions Credit Corp
—
—
Phillip P Stumpf
—
Deed Of Trust
related
$722,000 · New Ventures Capital Dev Co
—
—
Phillip P Stumpf
—
Deed Of Trust
related
$2,078,291 · Bank Of America
—
—
Richard T Crawford
—
Deed Of Trust
related
$3,500,000 · Nevada State Bank
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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