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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Retail space
2842 Lk Mead Blvd North Las Vegas, NV 89030-6548
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0980191
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,202 SF
Lot
0.46 ac (20,038 SF)
APN
139-24-210-251
UPID
US62-0980191
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. Farzin Farhang, MD Physician Medical Clinic
-
Kera Atijera Physician
-
Diversified Community Services, Community Development Corporation Counselor Nurse Practitioner
-
Tyrone Robinson Physician
-
CLINICA MI PUEBLO - LAS VEGAS Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.34M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Esquivel Family Mgmt LLC · 1 yrs held
Esquivel Family Mgmt LLC
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+119.6%
Auto repair, garage
$2.9M
+100.0%
Office building
$2.3M
+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
$1,915,000
ML approach
$2,340,000
CAP Approach
CAP Return
Estimation
6%
$1,445,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,235,000
Change: +120% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,945,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$2,330,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$2,080,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.20M (Aug 21 2024)
Last sale anchor
$2.20M
Aug 21 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
$278 / 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
$6,059
Tax year 2023
Assessed value
$202,162
Assessed 2024
Previous assessed
$184,257
+9.7% YoY
Effective rate
3.00%
On assessed value
Assessed land
$61,367
Assessed improvement
$140,795
Land market value
$175,334
Improvement market value
$402,271
Total market value
$577,605
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
7,202 SF
Lot
0.46 ac (20,038 SF)
APN
139-24-210-251
UPID
US62-0980191
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
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Esquivel Family Mgmt LLC
Entity
Mailing address
PO BOX 7172-296, STATELINE, NV 89449
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
$2,200,000
Esquivel Family Mgmt LLC
Crane Manor Apartments LLC
Bargain & Sale Deed
$1,671,300 · Capital Community Bank
Jul 2, 2021
$2,200,000
Crane Manor Apartments LLC
Lake Mead Cjd LLC
Bargain And Sale Deed
$1,414,000 · Keypoint Cu
Jan 18, 2017
$535,000
Mt Real Estate Investments INC
E Lake Mead Trust
Grant Deed
—
Apr 25, 2016
$412,841
E,lake Mead Boulevard Trust
Nevada Title Co|worldwide Holdings LLC
Trustees Deed
related
—
Apr 14, 2005
$441,220
Worldwide Holding LLC
Health Care Centers Of Southern Nev
Bargain And Sale Deed
$756,000 · Black Mountain Community Bank
Feb 3, 2004
—
J M Grisham
Grisham,julia K
Quit Claim Deed
related
—
Feb 3, 2004
$525,000
Health Care Centers Of Souther
Grisham,j M
Grant Deed
$540,000 · Silver State Bank
Feb 14, 2002
$500,000
J M Grisham
Cox,william L
Grant Deed
—
Oct 4, 1994
$708,000
William L Cox
C G Rental Co
Quit Claim Deed
related
$391,600 · Individual
Feb 20, 1991
$436,500
C G Rental Co
Unknown
Grant Deed
—
—
—
Health Care Ctr Of Sthrn Nevada I
—
Deed Of Trust
related
$31,500 · Black Mountain Community Bank
—
—
Health Care Center Of Solution
—
Deed Of Trust
related
$50,000 · Black Mountain Community 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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