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Property profile & analytics
OFF-MARKET
Estimated value
$8,240,000
Drug stores
2935 Hollywood Blvd Las Vegas, NV 89122-3715
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0319680
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,501 SF
Lot
2.35 ac (102,366 SF)
APN
161-10-701-011
UPID
US62-0319680
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
-
CVS Pharmacy Pharmacy
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Coinhub Bitcoin ATM Teller Atm
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.40M
Blend (final)
Blend
$8.24M
Owner & transaction history
Ns Retail Holdings LLC · 4 yrs held
Ns Retail Holdings LLC
since 2022
Last sale
$8.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.7M
+92.8%
Commercial (general)
$8.5M
+69.2%
Auto repair, garage
$7.5M
+48.6%
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
$8,150,000
ML approach
$7,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,045,000
Current use
RESTAURANT
$9,730,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,540,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,500,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,860,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$8.24M
Range $7.42M – $9.06M · ±10% · vs last sale $8.37M (Jul 7 2022)
Last sale anchor
$8.37M
Jul 7 2022
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
$610 / 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
$20,565
Tax year 2023
Assessed value
$1,243,069
Assessed 2024
Previous assessed
$1,133,766
+9.6% YoY
Effective rate
1.65%
On assessed value
Assessed land
$322,453
Assessed improvement
$920,616
Land market value
$921,294
Improvement market value
$2,630,331
Total market value
$3,551,625
Applied tax rate
340.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Total area
13,501 SF
Lot
2.35 ac (102,366 SF)
APN
161-10-701-011
UPID
US62-0319680
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
$5.0M
RESTAURANT
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Ns Retail Holdings LLC
Entity
Mailing address
2021 MCKINNEY AVE STE #1150, DALLAS, TX 75201-7632
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$8,367,746
Ns Retail Holdings LLC
Las Vegas Pharmacy Dst
Special Warranty Deed
—
Nov 16, 2007
$2,200,000
Cvs 1507 Nv LLC
Mendenhall & Hollywood Vegas L
Grant Deed
—
Sep 28, 2006
$700,000
Mendenhall Family Trust
D R Horton INC
Grant Deed
—
—
—
Scp 2009-c33-006 LLC
—
Deed Of Trust
related
$6,341,585 · Wells Fargo Bank Northwest NA
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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