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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Drug stores
8595 Decatur Blvd Las Vegas, NV 89139-7006
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0727489
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,742 SF
Lot
5.07 ac (220,849 SF)
APN
176-13-712-002
UPID
US62-0727489
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
-
Papa Murphy's | Take 'N' Bake Pizza Restaurant
-
Intermountain Healthcare Blue Diamond myGeneration Senior Clinic Medical Clinic
-
Nathan Altavas, MSN, PMHNP-BC, FNP-C Medical Clinic
-
Divina Averilla Pediatrician Physician
-
Divina Averilla-Obena, MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.04M
Owner & transaction history
Blue Diamond Plaza LLC · 12 yrs held
Blue Diamond Plaza LLC
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.4M
+16.1%
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%
$5,545,000
6.5%
$5,120,000
7%
$4,755,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,400,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$4,465,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±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
$274 / 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
$52,451
Tax year 2023
Assessed value
$3,869,395
Assessed 2024
Previous assessed
$3,441,860
+12.4% YoY
Effective rate
1.36%
On assessed value
Assessed land
$2,009,726
Assessed improvement
$1,859,669
Land market value
$5,742,074
Improvement market value
$5,313,340
Total market value
$11,055,414
Applied tax rate
635.0000
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
3
Stories
1
Total area
14,742 SF
Lot
5.07 ac (220,849 SF)
APN
176-13-712-002
UPID
US62-0727489
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
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
OFFICE BUILDING
Est. value
$4.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
3
Lot
5.07 ac
Current owner
From public records · entity-resolved
Blue Diamond Plaza LLC
Entity
Free & Clear · 12 yrs held
Mailing address
11411 SOUTHERN HIGHLANDS PKWY STE #300, LAS VEGAS, NV 89141-3267
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
Blue Diamond Cp30 2013 LLC
—
Deed
related
$23,000,000 · Symetra Life Insurance Co
Oct 22, 2013
—
Blue Diamond Plaza LLC
Blue Diamond Plaza LLC
Quit Claim Deed
related
—
Mar 25, 2013
—
Blue Diamond Plaza LLC
Blue Diamond Plaza LLC
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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