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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Grocery and convenience stores
6050 Sunset Rd Las Vegas, NV 89118-3305
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0366589
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2017
Construction
FRAME
Total area
4,567 SF
Lot
1.73 ac (75,359 SF)
APN
163-36-401-027
UPID
US62-0366589
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
-
Terrible Herbst #290 Gas Station
-
Chevron Gas Station
-
Hilt Bitcoin ATM Las Vegas Atm
-
Amazon Locker - Waterpark Postal Service Courier Service
-
Phantom Fireworks Stand Discount Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.09M
Owner & transaction history
Terrible Herbst INC · 1 yrs held
Terrible Herbst INC
since 2025
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,705,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$239 / 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
$24,563
Tax year 2023
Assessed value
$1,161,118
Assessed 2024
Previous assessed
$1,042,097
+11.4% YoY
Effective rate
2.12%
On assessed value
Assessed land
$600,046
Assessed improvement
$561,072
Land market value
$1,714,417
Improvement market value
$1,603,063
Total market value
$3,317,480
Applied tax rate
417.0000
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
2017
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Total area
4,567 SF
Lot
1.73 ac (75,359 SF)
APN
163-36-401-027
UPID
US62-0366589
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
Est. value
$1.7M
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
2017
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Terrible Herbst INC
Entity
Mailing address
5195 LAS VEGAS BLVD S, LAS VEGAS, NV 89119-3209
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
Terrible Herbst INC
—
Deed
related
$1,600,000 · Capital One NA
Mar 11, 2025
—
Terrible Herbst INC
I 215 Jones LLC
Deed
—
Apr 25, 2018
—
I-215/jones LLC
—
Deed
related
$4,000,000 · Mountain America FCU
Jun 29, 2016
—
I-215/jones LLC
—
Trustees Deed
related
$3,913 · Western Alliance Bk
Mar 5, 2009
—
Jones Boulevard
I-215/jones LLC
Grant Deed
related
—
Jul 17, 2000
$600,000
I-215/jones LLC
Jackson Trust
Grant Deed
$450,000 · American Commonwealth Mtg Co
—
—
I-215/jones LLC
—
Deed Of Trust
related
$1,900,000 · Bank Of Nevada
—
—
I-215/jones LLC
—
Deed Of Trust
related
$500,000 · Red Rock Community Bank
—
—
I-215/jones LLC
—
Deed Of Trust
related
$750,000 · Nevada State Bank
—
—
I-215/jones LLC
—
Deed Of Trust
related
$4,000,000 · Mountain America FCU
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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