Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Grocery and convenience stores
3320 Novat St Las Vegas, NV 89129-8714
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0417371
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2010
Construction
FRAME
Total area
3,221 SF
Lot
1.68 ac (73,181 SF)
APN
137-12-410-009
UPID
US62-0417371
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
-
Hilt Bitcoin ATM Las Vegas Atm
-
Western Union Bank Credit Union
-
Terrible's Auto Repair Shop
-
Phantom Fireworks Stand Discount Store Party Supply Store
-
Star Electric Solar Energy Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$710k
Owner & transaction history
Melavi LLC · 15 yrs held
Melavi LLC
since 2011
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$220 / 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
$30,221
Tax year 2023
Assessed value
$994,574
Assessed 2024
Previous assessed
$921,795
+7.9% YoY
Effective rate
3.04%
On assessed value
Assessed land
$338,096
Assessed improvement
$656,478
Land market value
$965,989
Improvement market value
$1,875,651
Total market value
$2,841,640
Applied tax rate
200.0000
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
2010
Construction
FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Total area
3,221 SF
Lot
1.68 ac (73,181 SF)
APN
137-12-410-009
UPID
US62-0417371
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
2010
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Lot
1.68 ac
Current owner
From public records · entity-resolved
Melavi LLC
Entity
Mailing address
817 CINTHIA ST, BEVERLY HILLS, CA 90210-3518
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 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
Apr 2, 2021
—
Herbst Development LLC
—
Deed
related
$64,483,250 · Western Alliance Bank
Dec 22, 2017
—
Herbst Hc LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
May 25, 2011
$2,675,000
Melavi LLC
Cheyenne & Beltway 2005 LLC
Grant Deed
$1,700,000 · Standard Insurance Co
Jul 27, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Td Herbst LLC
—
Loan Modification
related
$2,880,000 · Bank Of George
—
—
Cheyenne & Beltway 2005 LLC
—
Deed Of Trust
related
$750,000 · Saeed Khan
—
—
Td Herbst LLC
—
Deed Of Trust
related
$4,268,520 · Terrible Herbst INC
—
—
Td Herbst LLC
—
Deed Of Trust
related
$903,000 · Bank Of George
—
—
Cheyenne & Beltway 2005 LLC
—
Deed Of Trust
related
$1,683,500 · Meadows 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3320 Novat St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
