Four-Unit Property with Private
For Sale
$850,000
6220 Bellota Drive, Las Vegas, NV 89108
Quadplex with in-unit laundry, individual storage, enclosed outdoor space, and monitored common grounds.
Property Size4,052 SF
Lot Size0.17 Acres
Price / SF$209.77
Days on Market13
Property Features for 6220 Bellota Drive
General Information
Standard status
Active
Size
4,052 SF
Lot size
0.17 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,084
Amenities
brick fireplace
microwave
stove/oven
refrigerator
countertops
private laundry rooms
separate storage
closed circuit cameras
private back yard
Building Details
Building Size
4,052 SF
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Realty ONE Group, Inc
Listed By:
Alan F. Wheelock · License #S.0062633
(702) 378-1339
Source:
Usarealty
Added: Sep 15
Changed: Sep 27
Last Checked: Sep 26 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group, Inc
Investment Insights
Based on property information with market context.
Built in 1984, this quadplex contains four residences within approximately 4,052 square feet. Each unit offers three bedrooms, two full bathrooms, tiled and laminate living areas, a brick fireplace, and an open connection to the kitchen. Kitchens include a microwave, stove/oven, refrigerator, and countertops, while private laundry rooms provide added convenience inside each residence.
The property occupies a 0.17-acre lot at 6220 Bellota Drive in Las Vegas. Each unit has separate storage along the east side of the building. Exterior features include a private backyard enclosed by a block wall and brick fencing, along with closed-circuit cameras installed throughout the property. Major shopping, public transportation, and restaurants are nearby.
The property occupies a 0.17-acre lot at 6220 Bellota Drive in Las Vegas. Each unit has separate storage along the east side of the building. Exterior features include a private backyard enclosed by a block wall and brick fencing, along with closed-circuit cameras installed throughout the property. Major shopping, public transportation, and restaurants are nearby.
Key Highlights
- 4 units with 3 bedrooms and 2 full bathrooms each
- 4,052 square feet on a 0.17‑acre lot
- 12 total bedrooms and 8 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,064,800
$1.1M
Cap Rate 7%
$760,571
$760.6K
Cap Rate 9%
$591,556
$591.6K
Market Conditions
NOI Build-Up for 4,052 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.2K $19.80/SF
− Vacancy
−$4.2K −$1.03/SF
EGI
$76.1K $18.77/SF
− OpEx
−$22.8K −$5.63/SF
NOI
$53.2K $13.14/SF
Area
ZIP 89108
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,064,800
Cap Rate 7%
$760,571
Cap Rate 9%
$591,556
Alternative Uses
Best Use
Multifamily LT 5
$760.6K
$665.5K – $887.3K
NOI $53,240 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$682.3K
$597.0K – $796.1K
NOI $47,763 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,994 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 89108, NV
73,637
Population
28,377
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
80%
High-School Grad
8.9 sq mi
ZIP Area
8,274
Density / Sq Mi
$57,403
Median Household Income
$36,383
Median Earnings
$1,431
Median Rent
$304,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with in-unit laundry, individual storage, enclosed outdoor space, and monitored common grounds.
Where is this quadplex located?
The property is located at 6220 Bellota Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4 units with 3 bedrooms and 2 full bathrooms each; 4,052 square feet on a 0.17‑acre lot; 12 total bedrooms and 8 full bathrooms
