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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Grocery and convenience stores
300 Decatur Blvd B Las Vegas, NV 89107-2804
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0473838
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2023
Construction
FRAME
Total area
3,174 SF
Lot
0.5 ac (21,780 SF)
APN
138-36-601-004
UPID
US62-0473838
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
-
Las Vegas Medical Marijuana Consultants Medical Clinic
-
Sbarro Restaurant
-
Conoco Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$5.05M
Owner & transaction history
Getty Leasing INC · 3 yrs held
Getty Leasing INC
since 2023
Last sale
$5.6M
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
$5,295,000
ML approach
$4,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±10% · vs last sale $5.60M (Jul 13 2023)
Last sale anchor
$5.60M
Jul 13 2023
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
$1,591 / 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
$16,474
Tax year 2023
Assessed value
$570,359
Assessed 2024
Previous assessed
$123,902
+360.3% YoY
Effective rate
2.89%
On assessed value
Assessed land
$121,968
Assessed improvement
$448,391
Land market value
$348,480
Improvement market value
$1,281,117
Total market value
$1,629,597
Applied tax rate
213.0000
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
2023
Construction
FRAME
Heating
YES
Stories
1
Total area
3,174 SF
Lot
0.5 ac (21,780 SF)
APN
138-36-601-004
UPID
US62-0473838
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
2023
Construction
FRAME
Heating
YES
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Getty Leasing INC
Entity
Mailing address
292 MADISON AVE FL, NEW YORK, NY 10017-6307
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
$5,600,000
Getty Leasing INC
300 Decatur LLC
Bargain And Sale Deed
—
Apr 25, 2022
—
300 Decatur LLC
—
Deed
related
$5,648,500 · Vantage Mortgage Investors INC
Apr 11, 2022
—
300 Decatur LLC
—
Deed
related
$5,648,500 · Vantage Mortgage Investors INC
Oct 7, 2020
—
City Of Las Vegas
300 Decatur LLC
Grant Deed
related
—
Apr 8, 2020
$2,650,000
300 Decatur LLC
Shahram INC
Grant Deed
—
Mar 6, 2020
$2,650,000
Euro Dev LLC
Shahram INC
Grant Deed
—
Mar 6, 2020
—
300 Decatur LLC
—
Deed
related
$3,165,000 · Bmc Construction Lending LLC
Dec 10, 2012
—
Shahram INC
Sheikhan,shahram & Tawyna
Quit Claim Deed
related
$473,000 · Bank Of Nevada
Oct 24, 2000
$1,000,000
Shahram INC
Sheikhan,shahran & Tawyna
Grant Deed
related
$600,000 · Bank Of America
Apr 15, 1999
$1,000,000
Shahram Sheikhan
Frias,charles & Phyllis
Grant Deed
$600,000 · Seller
Nov 3, 1998
$910,000
Charles Frias
Mack Trust
Grant Deed
—
May 1, 1998
$795,000
Mack Trust
Camco INC
Quit Claim Deed
related
$636,000 · Wells Fargo Bank
Apr 7, 1998
$795,000
Camco INC
Bank Of America
Grant Deed
—
—
—
300 Decatur LLC
—
Deed Of Trust
related
$3,165,000 · Bmc Construction Lending LLC
—
—
Shahram INC
—
Deed Of Trust
related
$473,000 · Bank Of 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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