Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,490,000
Grocery and convenience stores
1421 Jones Blvd Las Vegas, NV 89108-1610
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0177047
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,388 SF
Lot
4.81 ac (209,524 SF)
APN
138-26-515-008
UPID
US62-0177047
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
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
FedEx Authorized ShipCenter Shipping Company Freight Service
-
Gresers Social Club Community Center
-
Smiths Money Services Bank Credit Union
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.25M
CAP Approach
CAP
$8.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.49M
Owner & transaction history
Jonesummertin LLC · 5 yrs held
Jonesummertin LLC
since 2020
Last sale
$7.7M
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 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
$8,810,000
ML approach
$9,250,000
CAP Approach
CAP Return
Estimation
6%
$9,735,000
6.5%
$8,985,000
7%
$8,345,000
Blend value · Realmo final
$8.49M
Range $7.64M – $9.34M · ±10% · vs last sale $7.70M (Sep 10 2020)
Last sale anchor
$7.70M
Sep 10 2020
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
$168 / 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
$48,829
Tax year 2023
Assessed value
$2,109,732
Assessed 2024
Previous assessed
$1,941,414
+8.7% YoY
Effective rate
2.31%
On assessed value
Assessed land
$513,334
Assessed improvement
$1,596,398
Land market value
$1,466,669
Improvement market value
$4,561,137
Total market value
$6,027,806
Applied tax rate
200.0000
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
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
50,388 SF
Lot
4.81 ac (209,524 SF)
APN
138-26-515-008
UPID
US62-0177047
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
4.81 ac
Current owner
From public records · entity-resolved
Jonesummertin LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9811 W CHARLESTON BLVD STE #2, LAS VEGAS, NV 89117-7519
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2020
$7,700,000
Jonesummertin LLC
Net Gain Properties LLC
Correction Deed
—
Jun 24, 2020
$6,050,000
Net Gain Properties LLC
Bl Hickerson Company LLC
Bargain And Sale Deed
$4,840,000 · Rock Canyon Bank
Nov 30, 2001
$6,475,000
Bl Hickerson Co LLC
1999 Rlys-ba Investors LLC
Grant Deed
$5,100,000 · General Electric Capital Busin
Dec 29, 1999
$5,887,500
1999 Rlys-ba Investors LLC
Raley Corp
Trustees Deed
$15,311,000 · Bank Of America
Dec 29, 1999
$6,224,000
1999 Rlys-ba Investors LLC
Raley Corp
Trustees Deed
—
Sep 29, 1999
$5,600,000
Raleys
Albertsons LLC
Grant Deed
—
May 9, 1997
—
Santa Fe Plaza LLC
Albertson's INC
Grant Deed
related
—
—
—
Bl Hickerson Co LLC
—
Deed Of Trust
related
$4,850,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1421 Jones Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
