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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Grocery and convenience stores
9380 Tropicana Ave Las Vegas, NV 89147-7965
Entity Owned
10-yr Hold
Free & Clear
Property ID
US62-0139266
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Construction
FRAME
Total area
3,672 SF
Lot
1.12 ac (48,787 SF)
APN
163-20-414-004
UPID
US62-0139266
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
-
Leader Solar Energy Corporate Office
-
Terrible's Car Wash Car Wash
-
Chevron Car Wash
-
Texaco Gas Station
-
Terrible Herbst Convenience Store Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$795k
Owner & transaction history
Herbst Development LLC · 10 yrs held
Herbst Development LLC
since 2015
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
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$217 / 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
$21,159
Tax year 2023
Assessed value
$927,506
Assessed 2024
Previous assessed
$885,935
+4.7% YoY
Effective rate
2.28%
On assessed value
Assessed land
$568,612
Assessed improvement
$358,894
Land market value
$1,624,606
Improvement market value
$1,025,411
Total market value
$2,650,017
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
2003
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,672 SF
Lot
1.12 ac (48,787 SF)
APN
163-20-414-004
UPID
US62-0139266
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
2003
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Herbst Development LLC
Entity
Free & Clear · 10 yrs held
Mailing address
5195 LAS VEGAS BLVD S, LAS VEGAS, NV 89119-3209
Ownership since
2015
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
Apr 2, 2021
—
E T T Services Stations LLC
—
Deed
related
$16,600,247 · Western Alliance Bank
Dec 22, 2017
—
Herbst Dev LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
May 9, 2016
—
Herbst Dev INC
—
Deed
related
$11,733,750 · Western Alliance Bk
Oct 13, 2015
$5,750,000
Herbst Development LLC
Grizzly Investments LLC
Bargain And Sale Deed
—
—
—
Grizzly Investments LLC
—
Deed Of Trust
related
$280,000 · Bp West Coast Products LLC
—
—
Grizzly Investments LLC
—
Deed Of Trust
related
$2,855,000 · Bank Of Nv
—
—
Herbst Dev INC
—
Loan Modification
related
$11,733,750 · Western Alliance Bk
—
—
Grizzly Investments LLC
—
Loan Modification
related
$681,250 · Western Alliance Bk
—
—
Grizzly Investments LLC
—
Deed Of Trust
related
$2,962,500 · Community Bank 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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