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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
6111 Sahara Ave Las Vegas, NV 89146-3030
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0279365
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,917 SF
Lot
0.9 ac (39,204 SF)
APN
163-11-504-005
UPID
US62-0279365
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
-
Tastee Freez Restaurant
-
Terrible Herbst Convenience Store Gas Station
-
Wienerschnitzel Restaurant Take-out & Catering
-
Western Union Bank Credit Union
-
Chevron Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Herbst Development LLC · 22 yrs held
Herbst Development LLC
since 2003
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,908
Tax year 2023
Assessed value
$764,822
Assessed 2024
Previous assessed
$672,398
+13.7% YoY
Effective rate
2.47%
On assessed value
Assessed land
$364,989
Assessed improvement
$399,833
Land market value
$1,042,826
Improvement market value
$1,142,380
Total market value
$2,185,206
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
1,917 SF
Lot
0.9 ac (39,204 SF)
APN
163-11-504-005
UPID
US62-0279365
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
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
0.9 ac
Current owner
From public records · entity-resolved
Herbst Development LLC
Entity
Free & Clear · 22 yrs held
Mailing address
5195 LAS VEGAS BLVD S, LAS VEGAS, NV 89119-3209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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 22, 2017
—
Herbst Dev LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
Aug 5, 2014
—
Zna Foods INC
—
Grant Deed
related
$23,000,000 · Wells Fargo Bk
Mar 26, 2004
—
Herbst Development LLC
—
Deed Of Trust
related
$13,500,000 · Nevada State Bank
Dec 30, 2003
$2,287,000
Herbst Development LLC
Equilon Enterprises LLC
Grant Deed
—
Aug 8, 2001
$1,218,500
Equilon Enterprises LLC
Texaco Refining & Marketing
Grant Deed
—
—
—
Herbst Dev LLC
—
Deed Of Trust
related
$28,070,527 · Nevada St 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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