Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    13Th St Las Vegas, NV 89101

    • Land
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 13Th St

    Lot size
    0.56 lot acres
    Property type
    Land

    Description

    This exceptional 0.56-acre land parcel, located on N 13th Street in Las Vegas, Nevada (APN 139-35-111-186), presents a unique investment opportunity. Zoned R-3, this property is situated in an established multi-family area, offering significant potential for development. The asking price is $750,000. The property consists of four parcels (APN 139-35-111-186, 185, 184, and 187) and is ideally suited for those seeking to build multi-family residential units. The buyer is responsible for all costs associated with zoning, site plan design review, and application fees to the City of Las Vegas. This prime location near Downtown Las Vegas offers convenient access to amenities and infrastructure. The property's size and zoning allow for the possibility of increased density, subject to City of Las Vegas approval. This is a remarkable chance to acquire a substantial land holding in a thriving urban area. The property is owned by Harel. The zip code is 89101, and the property is located in Clark County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.129
    Latitude
    36.1718

    Comparable in this City

    • Value Estimation by Request
      0.56 Acres

      13Th St

      Land • 0.56 Acres
      0 13Th St, Las Vegas, NV 89101
      View Details
    • Value Estimation by Request
      0.75 Acres

      316 9Th St

      Multifamily properties • 34,260 SF
      316 9Th St, Las Vegas, NV 89101
      View Details
    • Value Estimation by Request
      1.00 Acre

      3441 Owens Ave

      Land • 1.00 Acre
      3441 Owens Ave, Las Vegas, NV 89101
      View Details
    • Value Estimation
      $235,000
      0.17 Acres

      114 Maryland Pkwy

      APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
      114 Maryland Pkwy, Las Vegas, NV 89101
      View Details
    • Value Estimation
      $260,000
      2.05 Acres

      270 Earl St

      MOBILE HOME PARK, TRAILER PARK • 2.05 Acres
      270 Earl St, Las Vegas, NV 89101
      View Details
    • Value Estimation
      $5,200,000
      0.08 Acres

      104 Kempton St

      APARTMENT HOUSE (5+ UNITS) • 0.08 Acres
      104 Kempton St, Las Vegas, NV 89101
      View Details

    Similar Nearby for Sale

    • $2,499,000
      0.75 Acres

      Downtown Las Vegas Multifamily Land

      35 Units, 34,260 SF, Development Ready
      316 9Th St, Las Vegas, NV 89101
      View Details
    • $850,000
      0.36 Acres

      Downtown Vegas Land: 0.36 Acres

      Prime Downtown location, mixed-use zoning.
      812 Stewart Ave, Las Vegas, NV 89101
      View Details
    • $519,900
      3,154 SF

      Las Vegas Warehouse - $519,900

      Prime Industrial Warehouse, 3,154 SF
      1800 Lewis Ave, Las Vegas, NV 89101
      View Details
    • $525,000
      0.47 Acres

      Las Vegas Land for Sale

      Three lots totaling 0.47 acres, ideal for multi-family development.
      920 E Bonanza Rd, Las Vegas, NV 89101
      View Details
    • $700,000
      0.16 Acres

      Downtown Las Vegas Commercial Land

      0.16-acre lot, prime location. $700,000
      719 Casino Center Blvd, Las Vegas, NV 89101
      View Details
    • $225,000

      Corner Lot Near Bonanza Road

      Fenced corner lot with business potential near major intersection.
      2020 E Bonanza Rd, Las Vegas, NV 89101
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr

      Land for Rent in Las Vegas

      Land available for rent at 412 N Eastern Ave, Las Vegas.
      412 N Eastern Ave, Las Vegas, NV 89101
      View Details
    • $1,100 /Mo

      Charming Apartment with Garage Parking

      One-bedroom apartment with hardwood floors and garage parking included.
      412 S Maryland Pkwy, Las Vegas, NV 89101
      View Details
    • $1,350 /Mo
      3,017 SF

      Downtown 2-Bedroom Apartment For Rent

      Two-bedroom apartment near Fremont Street and the Arts District.
      720 N 10Th St, Las Vegas, NV 89101
      View Details
    • $850 /Mo

      Downtown Condo Near Fremont Street

      Charming 1-bedroom condo near Container Park and Fremont Street.
      210 N 10Th St, Las Vegas, NV 89101
      View Details
    • $1,100 /Mo

      Las Vegas Duplex For Rent

      One bedroom, one bathroom duplex near Downtown Las Vegas.
      1405 E Bridger Ave, Las Vegas, NV 89101
      View Details
    • $1,250 /Mo
      3,017 SF

      Las Vegas Two-Bedroom Apartment

      Recently updated two-bedroom apartment with on-site laundry and fenced property.
      720 N 10Th St, Las Vegas, NV 89101
      View Details
    Request Owner's contact information
    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.
    13Th St
    Las Vegas, NV 89101
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.