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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Retail space
1418 Craig Rd North Las Vegas, NV 89032-0210
Trust Owned
Free & Clear
Property ID
US62-0202014
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
FRAME
Total area
7,000 SF
Lot
0.8 ac (34,848 SF)
APN
139-04-602-008
UPID
US62-0202014
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
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
The Robert F Picardo Living Trust
The Robert F Picardo Living Trust
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+100.0%
Office building
$2.3M
+58.1%
Medical building
$2.0M
+41.2%
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$1,880,000
ML approach
$1,880,000
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,295,000
7%
$1,205,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,430,000
Current use
AUTO REPAIR, GARAGE
$2,865,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$2,265,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$2,020,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $2.59M (Jun 10 2025)
Last sale anchor
$2.59M
Jun 10 2025
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
$267 / 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
$10,966
Tax year 2023
Assessed value
$354,296
Assessed 2024
Previous assessed
$326,818
+8.4% YoY
Effective rate
3.10%
On assessed value
Assessed land
$195,149
Assessed improvement
$159,147
Land market value
$557,569
Improvement market value
$454,706
Total market value
$1,012,275
Applied tax rate
250.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
7,000 SF
Lot
0.8 ac (34,848 SF)
APN
139-04-602-008
UPID
US62-0202014
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
The Robert F Picardo Living Trust
Trust
Free & Clear · 0 yrs held
Mailing address
2627 TILLAR ST STE #111, FORT WORTH, TX 76107-1315
Ownership since
2025
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
Sep 10, 2025
$2,585,000
The Robert F Picardo Living Trust
Vaquero North Las Vegas Partners LP
Bargain & Sale Deed
—
Jun 10, 2024
—
Oreilly Auto Enterprises LLC
—
Deed
related
—
Mar 6, 2024
$1,878,250
Vaquero North Las Vegas Partners LP
Wells Fargo Bank N A
Bargain And Sale Deed
—
Apr 6, 2016
—
Namm,manfred & Hilda Trust
Namm Manfred & H Trust
Quit Claim Deed
related
—
Feb 25, 2000
$1,339,000
Namm Trust
Ffca Acquisition Corp
Grant Deed
—
Mar 4, 1999
$595,000
Ffca Acquistion Corp
Craig Road LLC
Grant Deed
—
Aug 5, 1996
—
World Premier Investments-crai
—
Grant Deed
related
$3,200,000 · Cathay 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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