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Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Grocery and convenience stores
3700 Charleston Blvd 105 Las Vegas, NV 89104-2320
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0265151
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,368 SF
Lot
2.04 ac (88,862 SF)
APN
140-31-401-036
UPID
US62-0265151
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
-
Pollos El Dorado 2 Restaurant
-
Watermill Express Big Box & Wholesale Store
-
Rapid Insurance & DMV Services Insurance Agency
-
Print P2G Printing Service (Bike/Boat/Book/etc) Store
-
Oh Yeah Liquidators Liquidator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$3.51M
Owner & transaction history
B Lance Miller · 15 yrs held
B Lance Miller
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.1M
+20.0%
Medical building
$4.8M
+11.5%
Commercial (general)
$4.4M
+2.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,285,000
Current use
INDUSTRIAL (GENERAL)
$5,140,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$4,780,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,405,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±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
$202 / 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
$22,318
Tax year 2023
Assessed value
$747,419
Assessed 2024
Previous assessed
$680,699
+9.8% YoY
Effective rate
2.99%
On assessed value
Assessed land
$236,373
Assessed improvement
$511,046
Land market value
$675,351
Improvement market value
$1,460,131
Total market value
$2,135,482
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
17,368 SF
Lot
2.04 ac (88,862 SF)
APN
140-31-401-036
UPID
US62-0265151
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
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
B Lance Miller
Individual
Mailing address
220 26TH ST STE #200, SANTA MONICA, CA 90402-2565
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2010
$900,000
B Lance Miller
Nevada St Bk
Grant Deed
—
Jun 22, 2010
$1,253,842
Nevada St. Bk
Nevada Title Co
Trustees Deed
related
—
Jun 13, 2006
$3,120,000
Acosta Ents III LLC
Tjia Family Trust
Grant Deed
$3,726,000 · Nevada State Bank
Nov 27, 2001
$2,300,000
Tjia Trust
Pham Trust
Grant Deed
$1,725,000 · Community Bank Nevada
Apr 22, 1999
$1,750,000
Jim H Pham
Cameron Trust
Grant Deed
$1,150,000 · Commercial Federal Bank
—
—
Pham Trust
—
Deed Of Trust
related
$250,000 · Community Bank Nevada
—
—
Tjia,tr
—
Deed Of Trust
related
$1,700,000 · Bank Of America
—
—
Cameron D E
—
Deed Of Trust
related
$1,200,000 · Pioneer Citizens Bank 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.
Try Rey
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