New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,420,000
Drug stores
4771 Craig Rd North Las Vegas, NV 89032-2501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0202015
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,833 SF
Lot
1.72 ac (74,923 SF)
APN
139-06-315-001
UPID
US62-0202015
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Alexandra Gurgu Pharmacy
-
ATM Walgreens Store 4854 Bank Loan Service
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.42M
Owner & transaction history
Peterson Property LLC · 4 yrs held
Peterson Property LLC
since 2021
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.2M
+119.6%
Auto repair, garage
$5.7M
+100.0%
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
Method
Estimation
Statistic approach
$7,740,000
ML approach
$8,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,215,000
Change: +120% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,660,000
Change: +100% · Conversion: Difficult
Blend value · Realmo final
$8.42M
Range $7.58M – $9.26M · ±10% · vs last sale $8.89M (Oct 7 2021)
Last sale anchor
$8.89M
Oct 7 2021
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
$609 / 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
$20,785
Tax year 2023
Assessed value
$1,285,785
Assessed 2024
Previous assessed
$1,064,275
+20.8% YoY
Effective rate
1.62%
On assessed value
Assessed land
$603,130
Assessed improvement
$682,655
Land market value
$1,723,229
Improvement market value
$1,950,443
Total market value
$3,673,672
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Total area
13,833 SF
Lot
1.72 ac (74,923 SF)
APN
139-06-315-001
UPID
US62-0202015
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
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Peterson Property LLC
Entity
Mailing address
PO BOX 901, DEERFIELD, IL 60015-0901
Ownership since
2021
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
Oct 7, 2021
$8,885,979
Peterson Property LLC
Sflp Las Vegas LLC
Bargain And Sale Deed
$5,300,000 · Capstar Bank
Jan 10, 2014
$7,367,000
Sflp Las Vegas LLC
Blackstone Group Nevada LLC
Grant Deed
$3,500,000 · Wells Fargo Bk
Jun 27, 2013
—
Blackstone Group-nevada LLC
—
Trustees Deed
related
$6,970,000 · United Community Bank Chatham
Jun 20, 2013
$6,851,000
Blackstone Group-nevada LLC
Lvnw LLC
Grant Deed
—
Jun 20, 2013
—
Blackstone Group-nevada LLC
Lvnw LLC
Grant Deed
related
—
Jun 22, 2001
—
North Las Vegas City (nv)
Lvnw LLC
Grant Deed
related
—
Jan 14, 1999
$6,400,000
Lvnw LLC
C A P II
Grant Deed
$5,120,000 · St Paul Fsb
—
—
Lvnw LLC
—
Deed Of Trust
related
$5,000,000 · Lehman Brothers Bank Fsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4771 Craig Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
