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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Grocery and convenience stores
3680 Tropicana Ave Las Vegas, NV 89103-5601
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-1283809
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
FRAME
Total area
4,485 SF
Lot
0.98 ac (42,689 SF)
APN
162-20-401-009
UPID
US62-1283809
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
-
Shell Gas Station
-
Green Valley Grocery Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Cv Propco LLC · 18 yrs held
Cv Propco LLC
since 2008
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$184 / 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
$12,784
Tax year 2023
Assessed value
$566,065
Assessed 2024
Previous assessed
$506,727
+11.7% YoY
Effective rate
2.26%
On assessed value
Assessed land
$271,182
Assessed improvement
$294,883
Land market value
$774,806
Improvement market value
$842,523
Total market value
$1,617,329
Applied tax rate
470.0000
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
1997
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
4,485 SF
Lot
0.98 ac (42,689 SF)
APN
162-20-401-009
UPID
US62-1283809
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
1997
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Cv Propco LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1505 S PAVILION CTR DR, LAS VEGAS, NV 89135-1403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2019
—
Cv Propco LLC
—
Loan Modification
related
$115,000,000 · Deutsche Bk Ag Cayman Iss Br
Nov 20, 2017
—
Cv Propco LLC
—
Loan Modification
related
—
Jul 25, 2017
—
Cv Propco LLC
—
Grant Deed
related
—
Jun 17, 2011
—
Cv Propco LLC
—
Deed Of Trust
related
$105,000,000 · Deutsche Bank Ag Cayman Iss Br
Jun 30, 2008
—
Cv Propco LLC
Cv Holdco LLC
Grant Deed
—
Dec 26, 2007
$10,675,000
Tropicana Acquisitions LLC
Crawford,richard T
Grant Deed
—
Feb 28, 2005
—
Richard T Crawford
Crawford,richard T & Jerri S
Quit Claim Deed
related
$2,175,000 · Nevada State Bank
Aug 27, 2004
$3,000,000
Richard T Crawford
Capital Cache Funding INC
Grant Deed
—
Aug 27, 2004
$2,900,000
Rick Crawford
Crawford,jen S
Grant Deed
related
$2,175,000 · First National Bank Nevada
Sep 19, 2002
$1,710,000
Capital Cache Funding INC
Tropyon INC
Grant Deed
related
$1,799,000 · Chesterfield Mortgage Investor
Oct 25, 1996
$750,000
Stop 10 Turtle
Turtle Stop INC
Grant Deed
related
$1,364,891 · First Security Bank Nevada
Dec 9, 1994
$455,000
Turtle Stop INC
Hkm II
Grant Deed
$290,000 · Dombrowski Psp
Nov 2, 1994
$965,000
Hkm II
Amateur Electronic Supply INC
Grant Deed
—
—
—
Richard T Crawford
—
Deed Of Trust
related
$900,000 · Nevada State Bank
—
—
Cv Propco LLC
—
Loan Modification
related
$105,000,000 · Deutsche Bk Ag Cayman Iss Br
—
—
Cv Propco LLC
—
Loan Modification
related
—
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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