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Property profile & analytics
FOR LEASE
Office buildings
10000 Covington Cross Dr Las Vegas, NV 89144
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0795380
For Lease
1 / 6
$28.20 SF/Yr
10000 Covington Cross Dr, Las Vegas, NV 89144
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
35,854 SF
Lot
6.08 ac (264,845 SF)
APN
138-30-113-026
UPID
US62-0795380
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
-
Williams-Sonoma Telecommunications Service Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.40M
CAP Approach
CAP
$9.06M
Comparable Approach
Comparable
$9.91M
Blend (final)
Blend
$9.75M
Owner & transaction history
Coveco LLC · 3 yrs held
Coveco LLC
since 2022
Last sale
$9.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.6M
+43.4%
Retail stores
$13.4M
+23.5%
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
$10,520,000
ML approach
$10,395,000
CAP Approach
CAP Return
Estimation
6%
$9,810,000
6.5%
$9,055,000
7%
$8,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,565,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$13,405,000
Change: +23% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,615,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$9.75M
Range $8.77M – $10.72M · ±10% · vs last sale $9.30M (Aug 29 2022)
Last sale anchor
$9.30M
Aug 29 2022
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
$272 / 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
$65,745
Tax year 2023
Assessed value
$3,583,799
Assessed 2024
Previous assessed
$3,374,955
+6.2% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,853,915
Assessed improvement
$1,729,884
Land market value
$5,296,900
Improvement market value
$4,942,526
Total market value
$10,239,426
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1997
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
35,854 SF
Lot
6.08 ac (264,845 SF)
APN
138-30-113-026
UPID
US62-0795380
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.6M
RETAIL STORES
Est. value
$13.4M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
6.08 ac
Current owner
From public records · entity-resolved
Coveco LLC
Entity
Mailing address
820 S MONACO PKWY #102, DENVER, CO 80224-3703
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
$9,300,000
Coveco LLC
Ru Ws Summerlin Nv LLC
Special Warranty Deed
$6,545,000 · Academy Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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