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Property profile & analytics
OFF-MARKET
Estimated value
$6,415,000
Drug stores
3480 Jones Blvd Las Vegas, NV 89146-6709
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0185450
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,777 SF
Lot
1.86 ac (81,022 SF)
APN
163-13-101-005
UPID
US62-0185450
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
-
ATM Walgreens Store 4755 Bank Loan Service
-
Ka Yan Cheung, OD Physician
-
FedEx OnSite Postal Service Courier Service
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
Labcorp Medical Laboratory Blood Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.03M
CAP Approach
CAP
$4.79M
Comparable Approach
Comparable
$8.57M
Blend (final)
Blend
$6.42M
Owner & transaction history
Mmm Jones LLC · 1 yrs held
Mmm Jones LLC
since 2024
Last sale
$5.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.9M
+92.8%
Commercial (general)
$8.7M
+69.2%
Auto repair, garage
$7.7M
+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
$7,300,000
ML approach
$7,030,000
CAP Approach
CAP Return
Estimation
6%
$5,185,000
6.5%
$4,785,000
7%
$4,445,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,150,000
Current use
RESTAURANT
$9,930,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,715,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,650,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$6,380,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,980,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$6.42M
Range $5.77M – $7.06M · ±10% · vs last sale $5.40M (Sep 23 2024)
Last sale anchor
$5.40M
Sep 23 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
$466 / 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
$19,615
Tax year 2023
Assessed value
$1,221,211
Assessed 2024
Previous assessed
$1,093,742
+11.7% YoY
Effective rate
1.61%
On assessed value
Assessed land
$516,110
Assessed improvement
$705,101
Land market value
$1,474,600
Improvement market value
$2,014,574
Total market value
$3,489,174
Applied tax rate
417.0000
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
13,777 SF
Lot
1.86 ac (81,022 SF)
APN
163-13-101-005
UPID
US62-0185450
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
$5.2M
RESTAURANT
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Mmm Jones LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$5,401,962
Mmm Jones LLC
Ds Las Vegas Nv Landlord LLC
Bargain & Sale Deed
$4,000,000 · Bank Of America NA
Jun 8, 2022
$7,493,713
Ds Las Vegas Nv Landlord LLC
Walgreen Co
Bargain And Sale Deed
—
Jul 22, 1999
$5,451,500
Walgreen Co
Village Builders 96 LP
Grant Deed
—
Apr 29, 1998
$2,016,500
Village Builders 96 LP
Mountain View National LP
Grant Deed
$5,027,000 · Deerfield Funding Corp
Jul 2, 1996
$1,750,000
Mountain View Plaza Partners
Consolidated Capital Income Tr
Grant Deed
$1,050,000 · Imperial Thrift & Loan
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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