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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Grocery and convenience stores
909 Lamb Blvd Las Vegas, NV 89110
Entity Owned
10-yr Hold
Free & Clear
Property ID
US62-0207616
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
FRAME
Total area
3,328 SF
Lot
0.87 ac (37,897 SF)
APN
140-29-202-005
UPID
US62-0207616
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
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$332k
Blend (final)
Blend
$505k
Owner & transaction history
Parliament Properties LLC · 10 yrs held
Parliament Properties 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 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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$152 / 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
$11,165
Tax year 2023
Assessed value
$410,058
Assessed 2024
Previous assessed
$371,039
+10.5% YoY
Effective rate
2.72%
On assessed value
Assessed land
$185,695
Assessed improvement
$224,363
Land market value
$530,557
Improvement market value
$641,037
Total market value
$1,171,594
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
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
Stories
1
Total area
3,328 SF
Lot
0.87 ac (37,897 SF)
APN
140-29-202-005
UPID
US62-0207616
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
Lot
0.87 ac
Current owner
From public records · entity-resolved
Parliament Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1580 S JONES BLVD, LAS VEGAS, NV 89146-1237
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
—
Parliament Props INC
—
Grant Deed
related
$80,000,000 · Umpqua Bk
Dec 2, 2016
—
Parliament Properties LLC
—
Deed
related
$37,100,000 · Citizens Bk
Apr 4, 2016
—
Parliament Properties LLC
Crawford,richard T
Grant Deed
related
—
Dec 16, 2011
—
Richard T Crawford
—
Deed Of Trust
related
$3,318,977 · Nevada State Bank
Nov 22, 2011
—
Richard T Crawford
Crawford,jeri S
Quit Claim Deed
related
$36,277,000 · Nevada State Bank
Sep 7, 2000
$1,600,000
Richard T Crawford
Midjit Market INC
Grant Deed
$1,600,000 · Cit Lending Services Corp
Dec 16, 1999
—
Midjit Market INC
First American Food Corp
Grant Deed
related
—
Mar 5, 1998
$1,430,000
First American Food Corp
Gpe Contruction INC
Grant Deed
related
$1,262,000 · Goleta National Bank
Jan 28, 1997
$230,000
Gpe Construction
Smith,dudley A
Grant Deed
—
Nov 9, 1995
$63,500
Dasco Co
70 LP
Trustees Deed
$106,500 · Individual
Nov 9, 1995
—
Dudley A Smith
Smith,sherrill M
Quit Claim Deed
related
—
—
—
Gpe Construction INC
—
Deed Of Trust
related
$650,000 · Commercial Bank Nevada
—
—
First American Food Corp
—
Deed Of Trust
related
$9,525 · Green Valley Grocery
—
—
Parliament Properties LLC
—
Deed Of Trust
related
$37,100,000 · Citizens Bk
—
—
Gpe Construction INC
—
Deed Of Trust
related
$115,000 · Commerical Bank Of Nevada
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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