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Property profile & analytics
OFF-MARKET
Estimated value
$5,295,000
Drug stores
2280 Las Vegas N Blvd North Las Vegas, NV 89030-5803
Trust Owned
Free & Clear
Property ID
US62-0515367
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,552 SF
Lot
2.36 ac (102,802 SF)
APN
139-23-504-008
UPID
US62-0515367
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Cardtronics Atm
-
Stefanie M. Angrisano, PharmD Pharmacy
-
Jacqueline D. DeCicco, PharmD Pharmacy
-
Laura Rongomas, RPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$5.30M
Owner & transaction history
Scott R Frank 2009 Revocable Trust
Scott R Frank 2009 Revocable Trust
since 2026
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.4M
+119.6%
Auto repair, garage
$6.8M
+100.0%
Office building
$5.4M
+58.1%
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
$5,550,000
ML approach
$5,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,435,000
Change: +120% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,770,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$5,355,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$4,780,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$5.30M
Range $4.77M – $5.82M · ±10% · vs last sale $5.20M (Jan 22 2020)
Last sale anchor
$5.20M
Jan 22 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
$320 / 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
$19,714
Tax year 2023
Assessed value
$1,236,162
Assessed 2024
Previous assessed
$1,113,527
+11.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$467,749
Assessed improvement
$768,413
Land market value
$1,336,426
Improvement market value
$2,195,466
Total market value
$3,531,892
Applied tax rate
253.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
16,552 SF
Lot
2.36 ac (102,802 SF)
APN
139-23-504-008
UPID
US62-0515367
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
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Scott R Frank 2009 Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
311 S ELLSWORTH AVE, SAN MATEO, CA 94401-4023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
May 12, 2026
—
Scott R Frank 2009 Revocable Trust
Frank Scott
Bargain & Sale Deed
related
—
Jan 22, 2020
$5,200,000
Frank Exempt Qtip Trust
Civic Center Wg Investors LLC
Grant Deed
—
Jan 16, 2020
—
Civic Center Wg Investors LLC
Civic Center Wg Investors LP
Quit Claim Deed
related
—
Dec 31, 2015
$231,260
Orlando Bk One Associates LLC
Glik LLC
Grant Deed
related
—
Aug 18, 2015
$55,784
Glik LLC
Civic Center Wg Investors LP
Grant Deed
—
Nov 3, 2014
—
Civic Center Wg Investors LP
—
Grant Deed
related
$20,000,000 · Comerica Bk
Oct 6, 2010
—
City Of North Las Vegas
Civic-center Wg Investors LP
Grant Deed
related
—
Sep 3, 2010
—
City Of North Las Vegas
Civic-center Wg Investors LP
Grant Deed
related
—
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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