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Property profile & analytics
OFF-MARKET
Estimated value
$11,675,000
Grocery and convenience stores
5500 Boulder Hwy Las Vegas, NV 89122-6010
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0141272
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,494 SF
Lot
4.93 ac (214,751 SF)
APN
161-21-814-017
UPID
US62-0141272
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
-
TNT Fireworks Discount Store Party Supply Store
-
higi Physician
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Wells Fargo ATM Atm
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.68M
Owner & transaction history
Silbar LLC · 4 yrs held
Silbar LLC
since 2021
Last sale
$11.4M
6 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 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
$13,105,000
ML approach
$10,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,805,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$11.68M
Range $10.51M – $12.84M · ±10% · vs last sale $11.35M (Dec 6 2021)
Last sale anchor
$11.35M
Dec 6 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
$210 / 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
$54,297
Tax year 2023
Assessed value
$2,448,758
Assessed 2024
Previous assessed
$2,414,788
+1.4% YoY
Effective rate
2.22%
On assessed value
Assessed land
$601,303
Assessed improvement
$1,847,455
Land market value
$1,718,009
Improvement market value
$5,278,443
Total market value
$6,996,452
Applied tax rate
570.0000
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
55,494 SF
Lot
4.93 ac (214,751 SF)
APN
161-21-814-017
UPID
US62-0141272
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
OFFICE BUILDING
Est. value
$16.8M
OFFICE BUILDING
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
4.93 ac
Current owner
From public records · entity-resolved
Silbar LLC
Entity
Mailing address
3726 LAS VEGAS BLVD S UNIT #2701, LAS VEGAS, NV 89158-4391
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
$11,350,000
Silbar LLC
Wbcmt 2006 C29 Boulder Way
Bargain And Sale Deed
$7,377,500 · City National Bank
Jun 18, 2020
—
Wbcmt 006-c29 Boulder Way LLC
Wbcmt 2006-c29 Boulder Way LLC
Correction Deed
related
—
Jun 3, 2020
—
Wbcmt 2006-c29 Boulder Way LLC
Wbcmt 2006-c29 Boulder Way LLC
Correction Deed
related
—
Mar 4, 2020
—
Wbcmt 2006-c29 Boulder Way LLC
Wbcmt 2006-c29 Boulder Way LLC
Quit Claim Deed
related
—
Oct 16, 2017
$14,100,000
Wbcmt 2006-c29 Boulder Way LLC
Fidelity Natl Title Ins|las Vegas Boulder Crossing
Trustees Deed
—
Apr 13, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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