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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Strip malls
2777 Craig Rd North Las Vegas, NV 89032-0762
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0431578
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
FRAME
Total area
10,971 SF
Lot
1.36 ac (59,242 SF)
APN
139-05-713-003
UPID
US62-0431578
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
-
Dr Victoria Chen Dental Office
-
Wingstop Restaurant
-
Drone DOCTOR | Drone Repair Las Vegas, Drones Sales, Service & Parts Tech Support Center
-
iPhone DOCTOR - Craig | iPhone, Samsung, iPad, Computer & Drone Repair. Computer & Electronic Repair Tech Support Center
-
HerbaSkin- Be Natural, as Nature Intended Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
$4.76M
Blend (final)
Blend
$3.50M
Owner & transaction history
Browder Investments LLC · 2 yrs held
Browder Investments LLC
since 2024
Last sale
$3.5M
3 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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
$2,530,000
6.5%
$2,335,000
7%
$2,165,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,925,000
Current use
AUTO REPAIR, GARAGE
$4,490,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Mar 14 2024)
Last sale anchor
$3.50M
Mar 14 2024
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
$319 / 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
$18,985
Tax year 2023
Assessed value
$632,994
Assessed 2024
Previous assessed
$565,879
+11.9% YoY
Effective rate
3.00%
On assessed value
Assessed land
$331,755
Assessed improvement
$301,239
Land market value
$947,871
Improvement market value
$860,683
Total market value
$1,808,554
Applied tax rate
250.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
10,971 SF
Lot
1.36 ac (59,242 SF)
APN
139-05-713-003
UPID
US62-0431578
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Browder Investments LLC
Entity
Mailing address
5940 S RAINBOW BLVD STE #400, LAS VEGAS, NV 89118-2507
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
$3,500,000
Browder Investments LLC
Craig & Simmons Retail LLC
Bargain And Sale Deed
$1,600,000 · Valley Bank Of Nevada
Dec 15, 2005
$4,813,035
Craig & Simmons Retail LLC
Craig & Simmons LLC
Grant Deed
$3,000,000 · Gmac Commercial Mortgage Corp
Feb 4, 2005
$1,100,740
Craig & Simmons LLC
Craig Investors LLC
Grant Deed
related
$2,420,000 · First National 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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