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    The Largest CRE Database in the US with Over 1 Million Listings

    Randel W Aleman, Las Vegas, NV

    License ID: S.0015568
    Homesmart Encore
    Association
    Greater Las Vegas Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (702) 579-3300
    Office Address:
    7272 S El Capitan Way, Las Vegas, NV, 89148

    Performance

    Listings
    23

    Listings

    For Sale (23)

    View map
    • $450,000
      1.00 Acre

      Blue Diamond Residential Land

      One-acre buildable lot, prime location.
      Las Vegas NV 89161 Blue Diamond Rd, Las Vegas, NV 89161
      View Details
    • $5,000,000
      250.00 Acres

      Moapa Valley Land: 250 Acres

      28 Parcels, Prime Residential Investment
      0 Cherry St, Moapa Valley, NV 89040
      View Details
    • $1,100,000
      4.74 Acres

      Las Vegas Ranch Land - 4.74 Acres

      Build your dream! 4.74 acres, ready to build.
      0 Fortney Rd, Las Vegas, NV 89161
      View Details
    • $780,000
      25.65 Acres

      Logandale Land: 25 Acres, $780K

      Prime Residential Land Near Las Vegas
      0 Perkins Ave, Moapa Valley, NV 89040
      View Details
    • $6,500,000
      91.45 Acres

      Moapa Industrial Land - 91 Acres

      Prime Nevada industrial land, excellent access.
      0 Mdw Vly Rd, Moapa, NV 89025
      View Details
    • $3,474,999
      79.00 Acres

      Logandale Land: 166 Lot Opportunity

      79 Acres, 166 Residential Lots
      0 Gubler Ave, Moapa Valley, NV 89021
      View Details
    • $5,200,000
      8,864 SF

      Las Vegas Bar & Office Complex

      Prime location, 8,864 SF, 100% leased.
      7272 El Capitan Way, Las Vegas, NV 89148
      View Details
    • $600,000
      20.00 Acres

      Moapa Valley Residential Land

      20 Acres, Zoned RE/RA, Water Available
      0 Nv-168, Moapa, NV 89025
      View Details
    • $1,734,500
      69.36 Acres

      Moapa, NV Land: 69 Acres

      Prime Moapa acreage, ideal development.
      168 Moapa Nv Usa, Moapa, NV 89025
      View Details
    • $805,000
      13.42 Acres

      Hardin County Multi-Use Property

      Iowa Riverfront industrial complex; 3 buildings, 33,648 sqft.
      300 John Deere Dr, Mesquite, NV 89027
      View Details
    • $655,000
      16.37 Acres

      Mesquite Commercial Land - 16 Acres

      Prime Mesquite, NV commercial land, RV zoning.
      1425 Bertha Howe Ave, Mesquite, NV 89027
      View Details
    • $495,000
      5.00 Acres

      5-Acre Residential Land, SW Vegas

      Prime 5-acre lot near Red Rock Canyon.
      0 Gomer Rd, Mount Charleston, NV 89124
      View Details
    • $4,890,000
      540.07 Acres

      Mojave Preserve Commercial Land

      540 Acres, Prime I-15 Location
      0 Kelbaker Rd, Baker, CA 92309
      View Details
    • $900,000
      15.00 Acres

      Downtown Brooklyn Retail Space

      Prime Retail, Barclays Center View
      301 John Deere Dr, Mesquite, NV 89027
      View Details
    • $3,000,000
      52.32 Acres

      Moapa, NV Commercial Land - 52 Acres

      Prime 52-acre commercial land, ideal for development.
      2300 Glendale Blvd, Moapa, NV 89025
      View Details
    • $950,000
      2.86 Acres

      Mesquite Commercial Land - $950K

      2.86 Acres, Ready to Build, Prime Location
      1320 Pioneer Blvd, Mesquite, NV 89034
      View Details
    • $495,000
      20.00 Acres

      Moapa Industrial Land - 20 Acres

      Prime 20-acre industrial land near I-15.
      0 Lewis Rnch Rd, Moapa, NV 89025
      View Details
    • $2,880,000
      24.00 Acres

      Mesquite, NV: 24 Acres MF-4 Zoned

      Prime Residential Land, Mesquite, Nevada. All Utilities Available.
      0 Willis Carrier Canyon, Mesquite, NV 89034
      View Details
    • $3,200,000

      Stagecoach, NV Commercial Land

      321 Acres, Hwy 50 Frontage, Development Ready
      7125 Zuni Ln, Stagecoach, NV 89429
      View Details
    • $400,000
      20.48 Acres

      Logandale Land: 20 Acres, Road Frontage

      Residential land, R-E zoned, prime location.
      0 Bunnell Ave & Frehner Ave, Moapa Valley, NV 89021
      View Details
    • $10,000,000
      112.00 Acres

      Mesquite, NV Development Land

      112 Acres, Multi-Use Potential
      1311 Pioneer Blvd, Mesquite, NV 89027
      View Details
    • $375,000
      12.50 Acres

      Overton, NV Residential Land - 12.5 Acres

      Prime 12.5-acre residential lot in Overton, NV.
      0 Lewis Ave, Moapa Valley, NV 89040
      View Details
    • $250,000
      9.88 Acres

      Logandale, NV Residential Land

      9.88 Acres, Ready to Build, Prime Location
      0 Paul Ave, Moapa Valley, NV 89040
      View Details

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    Randel W Aleman, Las Vegas, NV
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Randel W Aleman, Las Vegas, NV
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