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Property profile & analytics
OFF-MARKET
Estimated value
$35,735,000
Grocery and convenience stores
7171 Craig Rd 101 Las Vegas, NV 89129-6018
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0404056
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,276 SF
Lot
10.94 ac (476,546 SF)
APN
138-03-715-007
UPID
US62-0404056
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
-
Dr. Benjamin Ellsworth Dental Office
-
Sed Poche' - State Farm Insurance Agent Insurance Agency
-
Dr. Charles Calder Dental Office
-
Camy Kwok Dental Office
-
Benjamin Blair Ellsworth Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$36.86M
Blend (final)
Blend
$35.74M
Owner & transaction history
Craig Partners LLC · 3 yrs held
Craig Partners LLC
since 2022
Last sale
$35.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$42.7M
+92.8%
Commercial (general)
$37.5M
+69.2%
Auto repair, garage
$32.9M
+48.6%
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
$34,740,000
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
$22,160,000
Current use
RESTAURANT
$42,720,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$37,490,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$32,920,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$25,730,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$35.74M
Range $32.16M – $39.31M · ±10% · vs last sale $35.67M (Sep 1 2022)
Last sale anchor
$35.67M
Sep 1 2022
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
$603 / 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
$176,518
Tax year 2023
Assessed value
$6,849,772
Assessed 2024
Previous assessed
$6,115,564
+12.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$2,001,493
Assessed improvement
$4,848,279
Land market value
$5,718,551
Improvement market value
$13,852,226
Total market value
$19,570,777
Applied tax rate
200.0000
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
6
Stories
1
Total area
59,276 SF
Lot
10.94 ac (476,546 SF)
APN
138-03-715-007
UPID
US62-0404056
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
$22.2M
RESTAURANT
Est. value
$42.7M
COMMERCIAL (GENERAL)
Est. value
$37.5M
AUTO REPAIR, GARAGE
Est. value
$32.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.7M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
6
Lot
10.94 ac
Current owner
From public records · entity-resolved
Craig Partners LLC
Entity
Mailing address
445 S DOUGLAS ST #100, EL SEGUNDO, CA 90245-4630
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$35,671,066
Craig Partners LLC
Craig Grf2 LLC
Bargain And Sale Deed
$21,402,540 · Rega Reinsurance Company
Dec 20, 2016
$33,000,000
Craig Grf2 LLC
Craig Marketplace LLC
Grant Deed
related
$21,450,000 · Bank Of America
Sep 10, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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