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Property profile & analytics
OFF-MARKET
Estimated value
$14,235,000
Grocery and convenience stores
8410 Farm Rd Las Vegas, NV 89131-8158
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0424712
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,701 SF
Lot
7.58 ac (330,185 SF)
APN
125-17-610-014
UPID
US62-0424712
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
-
U.S. Bank ATM - El Capitan Farm - Albertsons Atm
-
Sav-On Drugs Pharmacy Pharmacy
-
Starbucks Cafe & Coffee Shop
-
DMV Now Kiosk Department Of Motor Vehicles
-
Redbox Cinema (Bike/Boat/Book/etc) 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
$14.24M
Owner & transaction history
Albertsons Stores Sub LLC · 8 yrs held
Albertsons Stores Sub LLC
since 2018
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
Alternative Use
Use
Estimation
RETAIL STORES
$22,695,000
Current use
OFFICE BUILDING
$18,380,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$14.24M
Range $12.81M – $15.66M · ±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
$235 / 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
$77,553
Tax year 2023
Assessed value
$4,107,365
Assessed 2024
Previous assessed
$3,818,929
+7.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,664,132
Assessed improvement
$2,443,233
Land market value
$4,754,663
Improvement market value
$6,980,666
Total market value
$11,735,329
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
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
YES
Stories
1
Total area
60,701 SF
Lot
7.58 ac (330,185 SF)
APN
125-17-610-014
UPID
US62-0424712
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
$22.7M
OFFICE BUILDING
Est. value
$18.4M
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
7.58 ac
Current owner
From public records · entity-resolved
Albertsons Stores Sub LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2018
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
Feb 20, 2018
—
Albertsons Stores Sub LLC
—
Loan Modification
related
—
Jan 2, 2018
$5,836,043
Albertsons Stores Sub LLC
Abs Nv-o LLC
Grant Deed
—
Apr 25, 2013
$4,381,933
Abs Nv-o LLC
New Albertsons INC
Grant Deed
—
Dec 4, 2012
—
New Albertsons INC
—
Deed Of Trust
related
$1,650,000 · Wells Fargo Bank
Nov 9, 2012
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
related
—
Aug 24, 2006
—
Vhc 215 LLC
New Albertsons INC
Quit Claim Deed
related
—
Aug 24, 2006
$6,000,000
Vhc 215 LLC
Albertsons INC
Grant Deed
$3,250,000 · National Bank Arizona
—
—
New Albertsons INC
—
Deed Of Trust
related
$1,000,000 · Credit Suisse Ag
—
—
Abs Nv-o LLC
—
Deed Of Trust
related
$1,150,000,000 · Citibank NA
—
—
Abs Nv-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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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