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Property profile & analytics
OFF-MARKET
Estimated value
$50,060,000
Gas stations
8385 Warm Spgs Rd Las Vegas, NV 89113
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0844048
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2019
Lot
0.8 ac (34,848 SF)
APN
176-09-110-018
UPID
US62-0844048
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.06M
Owner & transaction history
Desert Palm Plaza LLC · 4 yrs held
Desert Palm Plaza LLC
since 2022
Last sale
$50.5M
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
$49,180,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$50.06M
Range $45.05M – $55.07M · ±10% · vs last sale $50.50M (Jan 4 2022)
Last sale anchor
$50.50M
Jan 4 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
—
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
$13,680
Tax year 2023
Assessed value
$606,515
Assessed 2024
Previous assessed
$541,973
+11.9% YoY
Effective rate
2.26%
On assessed value
Assessed land
$317,117
Assessed improvement
$289,398
Land market value
$906,049
Improvement market value
$826,851
Total market value
$1,732,900
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2019
Heating
NONE
Lot
0.8 ac (34,848 SF)
APN
176-09-110-018
UPID
US62-0844048
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
2019
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
Desert Palm Plaza LLC
Entity
Mailing address
325 S VIA MONTANA, BURBANK, CA 91501-1144
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$50,500,000
Desert Palm Plaza LLC
Durango Warm Springs III LLC
Bargain And Sale Deed
$33,000,000 · Wells Fargo Bank NA
Jan 3, 2022
—
Grass River Warehouse Facility Enti
—
Deed
related
$33,000,000 · Wells Fargo Bank NA
Oct 26, 2021
—
Glaziers Food Marketplace INC
Durango Warm Springs LLC
Assignment Of Lease (leasehold Sale)
—
Feb 21, 2019
—
Durango Warm Springs III LLC
Durango Warm Springs LLC
Correction Deed
related
$49,500,000 · Grass Riv R/e Credit Ptrs Reit
Feb 12, 2019
—
Durango Warm Springs III LLC
Durango Warm Springs LLC
Quit Claim Deed
related
—
Oct 18, 2018
—
Durango Warm Prings III LLC
Durango Warm Springs LLC
Quit Claim Deed
related
$49,500,000 · Grass Riv R/e Credit Ptrs Reit
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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