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Property profile & analytics
FOR LEASE
Grocery and convenience stores
785 E Craig Rd N Las Vegas, NV 89030
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-0157733
For Lease
1 / 2
Contact for pricing
785 E Craig Rd, N Las Vegas, NV 89030
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Construction
FRAME
Total area
3,937 SF
Lot
0.91 ac (39,640 SF)
APN
139-03-314-002
UPID
US62-0157733
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
-
Craigs Mart Gas Station
-
Mobil Gas Station
-
Coinsource Bitcoin ATM Atm
-
ATM Atm
-
7-Eleven Grocery & Convenience Store
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
Virat LLC · 10 yrs held
Virat LLC
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 N Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs N 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
$18,352
Tax year 2023
Assessed value
$706,729
Assessed 2024
Previous assessed
$641,421
+10.2% YoY
Effective rate
2.60%
On assessed value
Assessed land
$332,976
Assessed improvement
$373,753
Land market value
$951,360
Improvement market value
$1,067,866
Total market value
$2,019,226
Applied tax rate
250.0000
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
For Lease
Year built
2005
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,937 SF
Lot
0.91 ac (39,640 SF)
APN
139-03-314-002
UPID
US62-0157733
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
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Virat LLC
Entity
Mailing address
785 W CRAIG RD, NORTH LAS VEGAS, NV 89032-6173
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
Virat LLC
—
Deed
related
$3,115,608 · State Bank Of Southern Utah
Jul 3, 2018
—
Virat LLC
—
Deed
related
$4,840,000 · Royal Busn Bk
Jun 26, 2018
—
Virat LLC
—
Deed
related
$2,400,000 · Royal Busn Bk
May 12, 2016
$2,300,000
Virat LLC
Free II Ki Promenade LLC
Bargain And Sale Deed
—
Dec 20, 2013
$10,100,000
Rref II-ki Promenade LLC
Tnp Srt Craig Promenade LLC
Grant Deed
$7,255,625 · Copperpoint Mutual Ins Co
Mar 31, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 9, 2009
$10,000,000
525 605 655 675 715 725 755 77
Assured Lender Svcs INC
Trustees Deed
—
—
—
Virat LLC
—
Deed Of Trust
related
$4,840,000 · Royal Busn Bk
—
—
Virat LLC
—
Deed Of Trust
related
$2,400,000 · Royal Busn Bk
—
—
Virat LLC
—
Deed Of Trust
related
$250,000 · Royal Busn 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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