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Property profile & analytics
OFF-MARKET
Estimated value
$3,795,000
Drug stores
6650 Lk Mead Blvd Las Vegas, NV 89156-7033
Entity Owned
13-yr Hold
Free & Clear
Property ID
US62-1153619
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,022 SF
Lot
2.08 ac (90,605 SF)
APN
140-22-601-011
UPID
US62-1153619
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Eric J. Hauge, RPh Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
Christina C. Quimby, PharmD Pharmacy
-
COVID-19 Drive-thru Testing at Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
Arc Wglvsnv002 LLC · 13 yrs held
Arc Wglvsnv002 LLC
since 2013
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,650,000
6.5%
$5,215,000
7%
$4,845,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,615,000
Current use
OFFICE BUILDING
$4,550,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±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
$253 / 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
$17,163
Tax year 2023
Assessed value
$1,124,907
Assessed 2024
Previous assessed
$1,010,803
+11.3% YoY
Effective rate
1.53%
On assessed value
Assessed land
$277,478
Assessed improvement
$847,429
Land market value
$792,794
Improvement market value
$2,421,226
Total market value
$3,214,020
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
15,022 SF
Lot
2.08 ac (90,605 SF)
APN
140-22-601-011
UPID
US62-1153619
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
$5.6M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES Current
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Arc Wglvsnv002 LLC
Entity
Free & Clear · 13 yrs held
Mailing address
104 WILMOT RD, DEERFIELD, IL 60015-5121
Ownership since
2013
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
May 1, 2013
$3,920,000
Arc Wglvsnv002 LLC
Sbt Lake Mead LLC
Grant Deed
—
Dec 10, 2007
$5,150,000
Sbt Lake Mead LLC
Lake Mead Di Grazia LLC
Grant Deed
—
Jul 24, 2003
$1,786,000
Lake Mead Di Grazia LLC
Village Builders 98 LP
Grant Deed
—
Jul 24, 2003
$2,929,000
Lake Mead Di Grazia LLC
Lake Mead Hollywood Assoc LLC
Grant Deed
related
$2,985,000 · Wells Fargo Bank
Dec 20, 2001
—
Lake Mead Hollywood Assoc LLC
Skyway/bille Partners LLC
Grant Deed
$2,809,012 · California Bank & Trust
Jun 13, 2000
—
Village Builders INC
—
Grant Deed
related
$2,850,000 · California Bank & Trust
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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