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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Grocery and convenience stores
2500 Cheyenne Ave North Las Vegas, NV 89030-5018
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0038928
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1985
Construction
FRAME
Total area
6,111 SF
Lot
0.61 ac (26,572 SF)
APN
139-12-405-001
UPID
US62-0038928
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
-
CenturyLink Telecommunications Service Data Center
-
Maria's Restaurant Restaurant
-
Western Union Bank Credit Union
-
Maria's Market Grocery & Convenience Store
-
Blue Cross Blue Shield - Health Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$790k
Owner & transaction history
Albert & Evel LLC · 8 yrs held
Albert & Evel LLC
since 2018
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 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
by Request
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
$1,250,000
Current use
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$129 / 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
$7,746
Tax year 2023
Assessed value
$261,247
Assessed 2024
Previous assessed
$235,730
+10.8% YoY
Effective rate
2.97%
On assessed value
Assessed land
$69,752
Assessed improvement
$191,495
Land market value
$199,291
Improvement market value
$547,129
Total market value
$746,420
Applied tax rate
255.0000
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
1985
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
6,111 SF
Lot
0.61 ac (26,572 SF)
APN
139-12-405-001
UPID
US62-0038928
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
$1.3M
RETAIL STORES Current
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
1985
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Albert & Evel LLC
Entity
Mailing address
2500 E CHEYENNE AVE, NORTH LAS VEGAS, NV 89030-5018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Apr 25, 2018
$800,000
Albert & Evel LLC
Zuhair Zora
Bargain And Sale Deed
$650,000 · Meadows Bank
Aug 30, 2007
—
Zora Trust
Zora Trust
Quit Claim Deed
related
$846,586 · First Commerce Bank
May 10, 2005
—
Zora Trust
Z & G Corp
Grant Deed
—
Jul 1, 2003
$800,000
Z & G Corp
Shlama LLC
Grant Deed
—
Jun 30, 2003
$700,000
Shlama LLC
Johnson,tr
Grant Deed
$700,000 · Johnson Trust
Jul 11, 1995
$30,000
Samuel Johnson
Johnson,lee & Shiela
Quit Claim Deed
related
—
Jul 21, 1988
$399,000
Lee Johnson
Unknown
Grant Deed
—
—
—
Samuel G Johnson
—
Deed Of Trust
related
$427,800 · First Security Bank Nevada
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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