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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3820 Craig Rd North Las Vegas, NV 89030-7505
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-1232081
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1994
Construction
FRAME
Total area
3,279 SF
Lot
0.89 ac (38,768 SF)
APN
140-06-210-044
UPID
US62-1232081
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
-
Capriotti's Sandwich Shop Take-out & Catering
-
Sinclair Gas Station Grocery & Convenience Store
-
MR. SMOG Sustainability Organization
-
Bitcoin of America ATM Atm
-
City Express Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Houchin Investment Properties LLC · 9 yrs held
Houchin Investment Properties LLC
since 2016
5 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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
—
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
$15,482
Tax year 2023
Assessed value
$522,338
Assessed 2024
Previous assessed
$475,326
+9.9% YoY
Effective rate
2.96%
On assessed value
Assessed land
$230,670
Assessed improvement
$291,668
Land market value
$659,057
Improvement market value
$833,337
Total market value
$1,492,394
Applied tax rate
250.0000
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
1994
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
3,279 SF
Lot
0.89 ac (38,768 SF)
APN
140-06-210-044
UPID
US62-1232081
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
1994
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Houchin Investment Properties LLC
Entity
Mailing address
4525 DEAN MARTIN DR UNIT #3007, LAS VEGAS, NV 89103-8121
Ownership since
2016
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
Aug 18, 2016
—
Houchin Investment Properties LLC
Kenneth Houchin
Bargain And Sale Deed
$1,600,000 · Meadows Bank
Mar 14, 2014
$2,700,000
Kenneth Houchin
Argyris Ents LLC
Grant Deed
—
Mar 30, 2006
$2,400,000
Argyris Enterprises LLC
Highway 15 LLC
Bargain And Sale Deed
$1,660,000 · Community One FCU
—
—
Argyris Ents LLC
—
Deed Of Trust
related
$1,660,000 · Community One FCU
—
—
Highway 15 LLC
—
Deed Of Trust
related
$1,475,000 · Silver State 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.
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