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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Grocery and convenience stores
1917 Decatur Blvd Las Vegas, NV 89108-2209
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0418240
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,966 SF
Lot
7.35 ac (320,166 SF)
APN
138-24-703-002
UPID
US62-0418240
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
-
Roots Sea and Soul Food Restaurant
-
Tastebudz Creole Kitchen Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$4.01M
Owner & transaction history
Lmd LLC · 9 yrs held
Lmd 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±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
$93 / 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
$92,163
Tax year 2023
Assessed value
$3,057,980
Assessed 2024
Previous assessed
$2,858,474
+7.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$1,120,581
Assessed improvement
$1,937,399
Land market value
$3,201,660
Improvement market value
$5,535,426
Total market value
$8,737,086
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
7
Stories
1
Total area
42,966 SF
Lot
7.35 ac (320,166 SF)
APN
138-24-703-002
UPID
US62-0418240
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
7
Lot
7.35 ac
Current owner
From public records · entity-resolved
Lmd LLC
Entity
Mailing address
15206 VENTURA BLVD STE #306, SHERMAN OAKS, CA 91403-5362
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
—
Lmd LLC
—
Deed
related
$12,025,000 · Dbr In Vestments Co Limited
Feb 25, 2020
—
Lmd LLC
—
Deed
related
$11,900,000 · Wells Fargo Bank NA
Dec 12, 2016
$10,250,000
Lmd LLC
Ralphs Grocery Company
Bargain And Sale Deed
$8,200,000 · Tbk Bank Ssb
Apr 17, 2015
$8,313,575
Ralphs Grocery Co
Lake Mead Decatur Lllp
Grant Deed
—
Sep 11, 2007
—
Mead Decatur Lllp Lake
Lake Mead & Decatur
Quit Claim Deed
related
—
Apr 26, 1994
—
Lake Mead
Abrams Trust
Grant Deed
related
—
—
—
Mead Decatur Lllp Lake
—
Deed Of Trust
related
$2,300,000 · Ohio National Life 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.
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