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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1110 East Silverado Ranch Blvd Las Vegas, NV 89123
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0819237
For Lease
1 / 7
$18,515,000
1110 East Silverado Ranch Blvd, Las Vegas, NV 89123
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,008 SF
Lot
6.49 ac (282,704 SF)
APN
177-22-813-004
UPID
US62-0819237
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
-
Veggy Street Restaurant
-
BB.Q Chicken Silverado Ranch Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.66M
Blend (final)
Blend
$18.52M
Owner & transaction history
Lipt East Silverado Ranch LLC · 4 yrs held
Lipt East Silverado Ranch LLC
since 2022
Last sale
$24.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.6M
+92.8%
Commercial (general)
$19.0M
+69.2%
Auto repair, garage
$16.7M
+48.6%
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
$23,760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,220,000
Current use
RESTAURANT
$21,625,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$18,980,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$16,665,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,025,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$18.52M
Range $16.66M – $20.37M · ±10% · vs last sale $24.40M (Jun 1 2022)
Last sale anchor
$24.40M
Jun 1 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
$617 / 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
$114,047
Tax year 2023
Assessed value
$4,702,156
Assessed 2024
Previous assessed
$4,097,895
+14.7% YoY
Effective rate
2.43%
On assessed value
Assessed land
$1,879,982
Assessed improvement
$2,822,174
Land market value
$5,371,377
Improvement market value
$8,063,354
Total market value
$13,434,731
Applied tax rate
470.0000
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
GROCERY, SUPERMARKET
Status
For Lease
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
6
Stories
1
Total area
30,008 SF
Lot
6.49 ac (282,704 SF)
APN
177-22-813-004
UPID
US62-0819237
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
$11.2M
RESTAURANT
Est. value
$21.6M
COMMERCIAL (GENERAL)
Est. value
$19.0M
AUTO REPAIR, GARAGE
Est. value
$16.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
6
Lot
6.49 ac
Current owner
From public records · entity-resolved
Lipt East Silverado Ranch LLC
Entity
Mailing address
333 W WACKER DR STE #2300, CHICAGO, IL 60606-1266
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$24,400,000
Lipt East Silverado Ranch LLC
Ag Property Development LLC
Bargain And Sale Deed
—
Jan 15, 2020
—
Ag Property Dev LLC
—
Deed
related
$11,089,000 · First Sec Bk/nv
Feb 1, 2019
—
Ag Property Dev LLC
—
Deed
related
$10,489,000 · First Sec Bk/nv
Dec 18, 2017
—
Ag Property Development LLC
—
Deed
related
$9,500,000 · First Security Bank Of Nevada
—
—
Ag Property Dev LLC
—
Loan Modification
related
$10,489,000 · First Sec Bk/nv
—
—
Ag Property Dev LLC
—
Loan Modification
related
$11,089,000 · First Sec Bk/nv
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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