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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Grocery and convenience stores
2955 Paradise Rd Las Vegas, NV 89109-1220
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0400541
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1990
Construction
FRAME
Total area
2,497 SF
Lot
0.48 ac (20,909 SF)
APN
162-09-703-017
UPID
US62-0400541
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
-
Metropolitan Electric Solar Energy Corporate Office
-
Greg Kove Hotel & Motel
-
ARCO Gas Station
-
Bitcoin of America ATM Atm
-
ampm Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$575k
Owner & transaction history
Owner Name Unavailable · 20 yrs held
Owner Name Unavailable
since 2005
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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$935,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$230 / 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
$14,640
Tax year 2023
Assessed value
$836,981
Assessed 2024
Previous assessed
$791,890
+5.7% YoY
Effective rate
1.75%
On assessed value
Assessed land
$691,053
Assessed improvement
$145,928
Land market value
$1,974,437
Improvement market value
$416,937
Total market value
$2,391,374
Applied tax rate
410.0000
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
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,497 SF
Lot
0.48 ac (20,909 SF)
APN
162-09-703-017
UPID
US62-0400541
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
Est. value
$935,000
RETAIL STORES
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
1990
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Mailing address
3300 E FLAMINGO RD STE #15, LAS VEGAS, NV 89121-4398
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Jun 26, 2020
—
Big Daddy & Co LLC
—
Deed
related
$500,000 · Chicago Title Of Neveda I (pt)
Jun 4, 2020
—
Big Daddy & Co LLC
—
Deed
related
$3,100,000 · Bank Of Hope
Jun 7, 2019
—
Big Daddy & Co LLC
—
Deed
related
$600,000 · Mojaver Sedighi Family Tr (pt)
Aug 30, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 29, 2005
$1,472,000
Big Daddy & Co LLC
Bp West Coast Products LLC
Deed Of Trust
$1,860,000 · Edward H & Carol Allen
May 21, 2002
—
Bp West Coast Products LLC
Atlantic Richfield Co
Grant Deed
related
—
—
—
Big Daddy & Co LLC
—
Deed Of Trust
related
$600,000 · Mojaver Sedighi Family Tr (pt)
—
—
Big Daddy & Co LLC
—
Deed Of Trust
related
$2,550,000 · Bbcn Bk
—
—
Big Daddy & Co LLC
—
Deed Of Trust
related
$3,200,000 · Hanmi Bank
—
—
Big Daddy & Co LLC
—
Deed Of Trust
related
$700,000 · Joan M Aliprand
—
—
Big Daddy & Co LLC
—
Loan Modification
related
$3,100,000 · Bank Of Hope
—
—
Big Daddy & Co LLC
—
Deed Of Trust
related
$500,000 · Chicago Title Of Neveda I (pt)
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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