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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Grocery and convenience stores
251 Nellis Blvd Las Vegas, NV 89110-5321
Entity Owned
10-yr Hold
Free & Clear
Property ID
US62-1179513
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
FRAME
Total area
3,533 SF
Lot
0.76 ac (33,106 SF)
APN
140-32-701-005
UPID
US62-1179513
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
-
Shell Grocery & Convenience Store
-
Icon Nails Spa Nail Salon
-
BetterShield Roof Repair Las Vegas Roofing Company General Contractor
-
Green Valley Grocery Grocery & Convenience Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$352k
Blend (final)
Blend
$530k
Owner & transaction history
Parliament Properties LLC · 10 yrs held
Parliament Properties 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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$150 / 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
$10,617
Tax year 2023
Assessed value
$394,799
Assessed 2024
Previous assessed
$359,152
+9.9% YoY
Effective rate
2.69%
On assessed value
Assessed land
$185,394
Assessed improvement
$209,405
Land market value
$529,697
Improvement market value
$598,300
Total market value
$1,127,997
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
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,533 SF
Lot
0.76 ac (33,106 SF)
APN
140-32-701-005
UPID
US62-1179513
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
1996
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Parliament Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1580 S JONES BLVD, LAS VEGAS, NV 89146-1237
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
—
Parliament Props INC
—
Grant Deed
related
$80,000,000 · Umpqua Bk
Dec 5, 2016
—
Parliamepte Properties LLC
—
Deed
related
$37,100,000 · Citizens Bank NA
Apr 4, 2016
—
Parliament Properties LLC
Crawford,richard T
Grant Deed
related
—
Aug 12, 2008
$1,995,000
Richard T Crawford
Schwarz,thomas F
Grant Deed
$2,500,000 · Nevada State Bank
Aug 12, 2008
—
Richard Crawford
Crawford,jeri
Quit Claim Deed
related
—
Dec 19, 2003
$2,200,000
Thomas F Schwartz
Hart & Moorman Properties LLC
Grant Deed
$1,376,000 · Hart & Moorman Properties LLC
Dec 13, 2002
$100,000
Hart & Moorman Properties LLC
Moorman,linda S
Quit Claim Deed
related
$1,376,000 · First National Bank Nevada
Aug 6, 1999
—
Mary S Hart
Hart & Moorman Properties LLC
Quit Claim Deed
related
$1,300,000 · Business Bank Of Nevada
Aug 6, 1999
$1,655,500
Moorman,linda S
Oneill Trust
Trustees Deed
—
Feb 4, 1997
$691,500
Volland Trust
M & V Enterprises
Grant Deed
—
Aug 25, 1995
$702,500
M & V Enterprises
Hps & V Assets LLC
Grant Deed
$1,100,000 · Seller
—
—
Richard T Crawford
—
Deed Of Trust
related
$3,318,977 · Nevada State Bank
—
—
Parliament Props INC
—
Deed Of Trust
related
$37,100,000 · Citizens Bk
—
—
Richard T Crawford
—
Deed Of Trust
related
$1,680,000 · Nevada State 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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