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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Grocery and convenience stores
8615 Flamingo Rd Las Vegas, NV 89147-8620
Entity Owned
13-yr Hold
Free & Clear
Property ID
US62-0066608
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
FRAME
Total area
3,179 SF
Lot
0.79 ac (34,412 SF)
APN
163-20-503-005
UPID
US62-0066608
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
-
DMV Made Easy Department Of Motor Vehicles Auto Tag Agency
-
76 Car Wash
-
Bitcoin of America ATM Atm
-
Gorilla Pro Customs Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$455k
Blend (final)
Blend
$685k
Owner & transaction history
Flamingo Stop Nevada Prop LLC · 13 yrs held
Flamingo Stop Nevada Prop LLC
since 2012
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
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$215 / 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
$16,041
Tax year 2023
Assessed value
$625,445
Assessed 2024
Previous assessed
$561,219
+11.4% YoY
Effective rate
2.56%
On assessed value
Assessed land
$331,216
Assessed improvement
$294,229
Land market value
$946,331
Improvement market value
$840,654
Total market value
$1,786,985
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
3,179 SF
Lot
0.79 ac (34,412 SF)
APN
163-20-503-005
UPID
US62-0066608
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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
0.79 ac
Current owner
From public records · entity-resolved
Flamingo Stop Nevada Prop LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 50620, IDAHO FALLS, ID 83405-0620
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
—
Flamingo Stop Nevada Property LLC
—
Deed
related
$2,847,000 · Idaho Central Cu
Aug 2, 2012
$1,250,000
Flamingo Stop Nevada Prop LLC
8615 W Flamingo LLC
Grant Deed
related
—
Apr 28, 2011
$1,300,000
8615 W Flamingo LLC
Beacon Default Mgmt INC
Trustees Deed
—
Mar 20, 2007
—
Ferman Corp
Barrientos,fermin & Annie C
Quit Claim Deed
$2,177,000 · Grand Pacific Financing Corp
Apr 28, 2005
—
Fermin Barrientos
Barrientos,annie C
Quit Claim Deed
related
—
Apr 28, 2005
$1,800,000
Ferman Corp
Daniel & Nina Gov LLC
Grant Deed
$1,200,000 · Edward H & Carol Allen
Jul 23, 2004
$600,000
Daniel & Nina Gov LLC
Kolad LP
Grant Deed
$700,000 · Kolad LP
—
—
Flamingo 76 Station LLC
—
Deed Of Trust
related
$100,000 · Noelle Tom
—
—
Ferman Corp
—
Deed Of Trust
related
$1,650,000 · Amalfi Investments INC
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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