Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Grocery and convenience stores
6515 Lk Mead Blvd Las Vegas, NV 89156-7045
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0030141
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
FRAME
Total area
3,921 SF
Lot
1.76 ac (76,666 SF)
APN
140-22-713-002
UPID
US62-0030141
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
-
Sinclair Gas Station Grocery & Convenience Store
-
Novel Electric Electric Electric Solar Energy Corporate Office
-
7-Eleven Grocery & Convenience Store
-
S AND S Gas Station
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$482k
Blend (final)
Blend
$750k
Owner & transaction history
Yang H Pae · 10 yrs held
Yang H Pae
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 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
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$191 / 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
$16,901
Tax year 2023
Assessed value
$662,464
Assessed 2024
Previous assessed
$597,417
+10.9% YoY
Effective rate
2.55%
On assessed value
Assessed land
$234,790
Assessed improvement
$427,674
Land market value
$670,829
Improvement market value
$1,221,926
Total market value
$1,892,755
Applied tax rate
340.0000
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
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
3,921 SF
Lot
1.76 ac (76,666 SF)
APN
140-22-713-002
UPID
US62-0030141
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
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Yang H Pae
Individual
Mailing address
7861 E RAINVIEW CT, ANAHEIM, CA 92808-2111
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
S & S Fuels LLC
—
Deed
related
$160,000,000 · Cibc Bank USA
Feb 9, 2021
—
Lm Investment LLC
—
Deed
related
$2,800,000 · Bay Commercial Bank
Dec 11, 2018
—
S & S Fuels LLC
—
Deed
related
$90,000,000 · Cibc Bank USA
Mar 7, 2016
$4,850,000
Yang H Pae
Manchester Lax Plaza LLC
Grant Deed
—
Mar 7, 2016
—
Lm Investment LLC
Pae,yang H & Y S
Quit Claim Deed
related
—
Feb 17, 2016
—
Lm Investment LLC
Pae,yang H & Yong S
Quit Claim Deed
related
—
Jan 14, 2016
$4,850,000
Ho Pae Yang
Manchester Lax Plaza LLC
Bargain And Sale Deed
$3,000,000 · Wilshire Bank
May 20, 2015
$4,000,000
Manchester Lax Plaza LLC
Pilanaia LP
Grant Deed
$2,800,000 · Bbcn Bk
Apr 30, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Apr 22, 2010
—
Piianaia LP
Piianaia LP
Quit Claim Deed
related
$1,319,575 · First Savings Bank
Jan 30, 2003
$4,400,000
Piianaia LP
Apple Investments INC
Grant Deed
$1,700,000 · Valley Bank
—
—
S & S Fuels LLC
—
Deed Of Trust
related
$28,000,000 · Private Individual
—
—
Apple Investments INC
—
Deed Of Trust
related
$300,000 · J & D Financial Services INC
—
—
S & S Fuels LLC
—
Deed Of Trust
related
$23,600,000 · Zions First National Bank
—
—
S & S Fuels Management LLC
—
Deed Of Trust
related
$26,000,000 · Bank Of The West
—
—
Apple Investments INC
—
Deed Of Trust
related
$3,000,000 · La Jolla Savings Bank
—
—
Apple Investments INC
—
Deed Of Trust
related
$1,325,000 · Speisman Aaron
—
—
Silver State Restaurants INC
—
Deed Of Trust
related
$7,300,000 · Wells Fargo Bk
—
—
Apple Investments INC
—
Deed Of Trust
related
$500,000 · J & D Financial Services INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6515 Lk Mead Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
