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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Grocery and convenience stores
4055 Eastern Ave Las Vegas, NV 89119-5101
Individually Owned
~
Est. High Equity
Property ID
US62-0395065
Property summary
AI-generated overview
This exceptional retail property, located at 4055 S Eastern Ave in Las Vegas, Nevada, presents a compelling investment opportunity. The single-story, 2,400 square foot building sits on a substantial 20,000-acre lot and was constructed in 1974. Currently occupied by a highly successful 7-Eleven convenience store boasting strong gross sales, this property offers significant upside potential. Its prime location at the intersection of E Flamingo Rd and S Eastern Ave ensures high visibility and traffic counts. The property's proximity to major landmarks further enhances its appeal
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,400 SF
Lot
0.46 ac (20,038 SF)
APN
162-14-803-008
UPID
US62-0395065
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
-
Western Union Bank Credit Union
-
Citibank ATM Atm
-
7-Eleven Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.25M
Owner & transaction history
Balbir K Sodhi
Balbir K Sodhi
since 2025
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+45.7%
Auto repair, garage
$1.3M
+27.9%
Warehouse, storage
$1.1M
+8.8%
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%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Current use
COMMERCIAL (GENERAL)
$1,520,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,335,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,135,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$895,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.33M (Dec 31 2025)
Last sale anchor
$1.33M
Dec 31 2025
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
$521 / 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
$2,940
Tax year 2023
Assessed value
$107,117
Assessed 2024
Previous assessed
$100,140
+7.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$66,626
Assessed improvement
$40,491
Land market value
$190,360
Improvement market value
$115,689
Total market value
$306,049
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
2,400 SF
Lot
0.46 ac (20,038 SF)
APN
162-14-803-008
UPID
US62-0395065
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Balbir K Sodhi
Individual
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$1,325,000
Balbir K Sodhi
Weng & Ho Investments LLC
Bargain & Sale Deed
$1,152,700 · Harvest Small Business Finance LLC
Oct 5, 2017
—
Weng & Ho Investment LLC
—
Deed
related
$380,000 · East West Bk
Sep 28, 2012
$805,000
Weng & Ho Investments LLC
Evercore Trust Company
Bargain And Sale Deed
—
—
—
Weng & Ho Investment LLC
—
Deed Of Trust
related
$380,000 · East West Bk
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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