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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Grocery and convenience stores
500 Conestoga Way Henderson, NV 89002-9440
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0194456
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
FRAME
Total area
7,255 SF
Lot
1.8 ac (78,408 SF)
APN
179-34-201-004
UPID
US62-0194456
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
-
ATM Atm
-
Green Valley Grocery Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Silver Meadow Properties LLC · 12 yrs held
Silver Meadow Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+1.8%
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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%
$2,965,000
6.5%
$2,735,000
7%
$2,540,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,195,000
Current use
AUTO REPAIR, GARAGE
$3,250,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±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
$321 / 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
$21,574
Tax year 2023
Assessed value
$853,579
Assessed 2024
Previous assessed
$751,643
+13.6% YoY
Effective rate
2.53%
On assessed value
Assessed land
$296,382
Assessed improvement
$557,197
Land market value
$846,806
Improvement market value
$1,591,991
Total market value
$2,438,797
Applied tax rate
505.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2001
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
7,255 SF
Lot
1.8 ac (78,408 SF)
APN
179-34-201-004
UPID
US62-0194456
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
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2001
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Silver Meadow Properties LLC
Entity
Mailing address
1580 S JONES BLVD, LAS VEGAS, NV 89146-1237
Ownership since
2013
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
Feb 14, 2017
—
Silver Meadow Properties LLC
—
Deed
related
$1,554,588 · Citizens Bk
Aug 7, 2013
$3,460,000
Silver Meadow Properties LLC
Wagontex INC
Grant Deed
$1,744,000 · Bank Of Nevada
—
—
Wagontex INC
—
Deed Of Trust
related
$2,100,000 · Bank Of Nevada
—
—
Wagontex INC
—
Deed Of Trust
related
$2,730,000 · Southwest USA Bank
—
—
Wagontex INC
—
Deed Of Trust
related
$190,000 · Equilon Enterprises LLC
—
—
Silver Meadow Properties LLC
—
Deed Of Trust
related
$1,256,000 · Mortgage Capital Dev Corp
—
—
Wagontax INC
—
Deed Of Trust
related
$577,000 · Nevada State Development Corp
—
—
Silver Meadow Properties LLC
—
Deed Of Trust
related
$1,554,588 · Citizens 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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