Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5855 Valley Dr, Unit 2045 North Las Vegas, NV 89031

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-bedroom condo with modern features and community perks.

    Lot size:
    0.21 Acres

    Property Features for 5855 Valley Dr

    General Information

    Standard status
    Active
    Lot size
    0.21 Acres
    Exterior features
    Deck, Underground Utilities, Tile
    Interior features
    Fireplace, Central Air, Electric, Gas, Central, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Natalie Keeney
    Source: Kw

    Listing Agent: Natalie Keeney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Comfortable Condo with Community Amenities

    This 2-bedroom, 2-bath condo offers a blend of comfort and convenience. The spacious upstairs unit features large, separated bedrooms and a private balcony with two doors. Interior features include a gas fireplace and granite kitchen countertops. An attached garage provides parking. The property is located within a gated complex that is maintained and offers a pool, spa, fitness room, and guest parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pro Home Services Hardware & Home Improvement Jasmine Ranch Cond Condominium Complex

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.197942
    Latitude
    36.267927

    Nearby Similar for Sale

    • $659,888

      Well-Maintained Fourplex in North Las Vegas

      Four-unit property with remodeled kitchens, upgrades, and income potential.
      2252 Ellis St, North Las Vegas, NV 89030
      View Details
    • $1,800,000

      Retail Center Near Mixed-Use Development

      Retail shopping center near Lake Mead and Simmons with redevelopment potential.
      3011 West Lake Mead Blvd, North Las Vegas, NV 89032
      View Details
    • $2,449,425

      High-End Office & Warehouse Space

      Two-story office and warehouse in Cheyenne West Corporate Center.
      2645 W Cheyenne Ave, North Las Vegas, NV 89032
      View Details
    • $659,888

      Well-Maintained Fourplex in North Las Vegas

      Single-story fourplex with remodeled units, strong cash flow potential.
      2252 Ellis St, North Las Vegas, NV 89030
      View Details
    • $655,000

      North Las Vegas Fourplex Investment

      Well-maintained fourplex with recent upgrades and strong rental demand.
      2101 Sun Ave, North Las Vegas, NV 89030
      View Details
    • $2,999,999
      9,899 SF

      North Las Vegas Industrial Building

      9,899 SF industrial building with high-end office and storage.
      4429 Losee Rd, North Las Vegas, NV 89081
      View Details
    • $725,000

      Fourplex Near Las Vegas Blvd

      Four-unit property near Las Vegas Blvd with tenant storage.
      2728 Haddock Ave, North Las Vegas, NV 89030
      View Details
    • $725,000

      Las Vegas Multifamily Investment Opportunity

      Four-unit property near Las Vegas Blvd with tenant storage.
      2728 Haddock Ave, North Las Vegas, NV 89030
      View Details
    • $655,000

      North Las Vegas Fourplex Investment

      Well-maintained fourplex with recent upgrades and strong rental demand.
      2101 Sun Ave, North Las Vegas, NV 89030
      View Details
    • $4,130,860
      4,240 SF

      New Heartland Dental NNN Lease

      New construction NNN lease with corporate guaranty by Heartland Dental.
      4372 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • $199,999
      0.21 Acres

      Land in North Las Vegas

      Vacant land available in North Las Vegas, Nevada.
      Cheyenne Ave, North Las Vegas, NV 89032
      View Details
    • Contact for pricing
      7,860 SF

      WSKY Bar + Grill Investment

      Single-tenant, triple-net leased investment opportunity in North Las Vegas.
      2992 W Cheyenne Ave, North Las Vegas, NV 89032
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two-bedroom condo with modern features and community perks.
    Where is this apartment building located?
    The property is located at 5855 Valley Dr, Unit 2045 North Las Vegas, NV.
    What are key features of this property?
    This property features: - Enjoy resort-style living in this gated community with pool, spa, and fitness room.; - Features two large, separated bedrooms and two bathrooms.; - Includes an attached garage.
    (702) 479-0079
    Request Owner's contact information
    5855 Valley Dr, Unit 2045 North Las Vegas, NV 89031
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5855 Valley Dr, Unit 2045
    North Las Vegas, NV 89031
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    5855 Valley Dr, Unit 2045 North Las Vegas, NV 89031
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Natalie Keeney
    (702) 479-0079
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!