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Property profile & analytics
OFF-MARKET
Estimated value
$9,115,000
Grocery and convenience stores
5564 Camino Al Norte North Las Vegas, NV 89031-0810
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0407180
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,550 SF
Lot
9.86 ac (429,502 SF)
APN
124-33-512-001
UPID
US62-0407180
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
-
MoneyGram Bank Credit Union
-
Smith's Pharmacy Pharmacy
-
Smith's Fuel Center Gas Station
-
Smith's Grocery & Convenience Store Food Market
-
Food Trailer / Las Vegas Taco Bar / LV Taco Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.12M
Owner & transaction history
Parlay Properties LLC · 9 yrs held
Parlay Properties LLC
since 2016
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,160,000
6.5%
$12,150,000
7%
$11,280,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,410,000
Current use
Blend value · Realmo final
$9.12M
Range $8.20M – $10.03M · ±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
$139 / 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
$155,375
Tax year 2023
Assessed value
$6,267,150
Assessed 2024
Previous assessed
$5,526,950
+13.4% YoY
Effective rate
2.48%
On assessed value
Assessed land
$2,160,180
Assessed improvement
$4,106,970
Land market value
$6,171,943
Improvement market value
$11,734,200
Total market value
$17,906,143
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
6
Stories
1
Units
1
Total area
65,550 SF
Lot
9.86 ac (429,502 SF)
APN
124-33-512-001
UPID
US62-0407180
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
RETAIL STORES Current
Est. value
$13.4M
RETAIL STORES Current
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
6
Units
1
Lot
9.86 ac
Current owner
From public records · entity-resolved
Parlay Properties LLC
Entity
Mailing address
PO BOX 781, WASCO, CA 93280-0781
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Parlay Properties LLC
—
Deed
related
$940,000 · Mission Bank
Aug 8, 2018
—
West Box LLC
—
Grant Deed
related
$41,760,000 · Wells Fargo Bk
Oct 25, 2016
—
Parlay Properties LLC
O & R Portwood Farms Family LP
Quit Claim Deed
related
—
Jul 15, 2016
—
O & R Portwood Farms Family LP
—
Deed
related
$5,075,000 · Mission Bk
May 2, 2016
$22,250,000
O & R Portwood Farms Family LP
Donahue Schriber Realty Group
Grant Deed
—
Jan 13, 2006
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
$161,330,000 · Allstate Life Insurance Co
Mar 19, 2004
$482,060
Nova Source Development Lc
Donahue Schriber Asset Mgmt
Grant Deed
$975,000 · Silver State Bank
Mar 29, 2001
—
Donahue Schriber Realty Grp LP
Schriber Asset Management Corp
Quit Claim Deed
related
$5,750,000 · Nationwide Life Insurance Co
Jan 21, 1997
$451,500
Ds Shopping Centers INC
Schriber,donahue
Grant Deed
—
—
—
Trinity Restaurant Group West
—
Deed Of Trust
related
$20,000,000 · Wells Fargo Bk
—
—
O & R Portwood Farms Family LP
—
Deed Of Trust
related
$5,075,000 · Mission Bk
—
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
$248,545,000 · Allstate Life Insurance Co
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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