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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Turn key restaurants
2836 Ann Rd North Las Vegas, NV 89031-1180
Entity Owned
25-yr Hold
Free & Clear
Property ID
US62-0300994
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
FRAME
Total area
3,756 SF
Lot
1.71 ac (74,488 SF)
APN
124-29-803-004
UPID
US62-0300994
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
-
McDonald's Restaurant Take-out & Catering
-
Elite Solar Energy Corporate Office
-
Hilt Bitcoin ATM North Las Vegas Atm
-
Mega Solar Energy Corporate Office
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
System Capital Real Property · 25 yrs held
System Capital Real Property
since 2001
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$218 / 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
$34,625
Tax year 2023
Assessed value
$1,123,591
Assessed 2024
Previous assessed
$1,037,195
+8.3% YoY
Effective rate
3.08%
On assessed value
Assessed land
$563,129
Assessed improvement
$560,462
Land market value
$1,608,940
Improvement market value
$1,601,320
Total market value
$3,210,260
Applied tax rate
254.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
3,756 SF
Lot
1.71 ac (74,488 SF)
APN
124-29-803-004
UPID
US62-0300994
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
2002
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
System Capital Real Property
Entity
Free & Clear · 25 yrs held
Mailing address
PO BOX 182571, COLUMBUS, OH 43218-2571
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
Terrible Herbst INC
—
Deed
related
$1,600,000 · Capital One NA
Dec 22, 2017
—
Herbst Hc LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
May 9, 2016
—
Herbst Dev LLC
—
Deed
related
$4,236,287 · Western Alliance Bk
Mar 30, 2012
—
E-t-t Service Stations LLC
—
Deed Of Trust
related
$1,938,000 · Bank Of Nv
Jul 10, 2001
—
System Capital Real Property
North Las Vegas City (nv)
Grant Deed
related
—
Nov 9, 2000
$1,124,000
5 Star Properties LLC
Thrifty Payless INC
Trustees Deed
—
Nov 9, 2000
$1,445,000
System Capital Realty Property
5 Star Properties LLC
Trustees Deed
related
—
Oct 24, 1997
$810,000
Thrifty Payless INC
Ann/simmons LLC
Grant Deed
—
—
—
E T T Service Stations LLC
—
Deed Of Trust
related
$3,735,000 · General Electric Capital Busin
—
—
Herbst Dev LLC
—
Loan Modification
related
$4,236,287 · Western Alliance Bk
—
—
E-t-t Service Stations LLC
—
Loan Modification
related
$27,658,250 · Western Alliance Bk
—
—
Herbst Dev LLC
—
Loan Modification
related
$4,237,500 · Western Alliance Bk
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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