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Property profile & analytics
OFF-MARKET
Estimated value
$14,490,000
Warehouses
11330 Dean Martin Dr Las Vegas, NV 89141-3602
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0401202
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
68,515 SF
Lot
7.37 ac (321,037 SF)
APN
191-05-101-015
UPID
US62-0401202
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.63M
CAP Approach
CAP
$9.78M
Comparable Approach
Comparable
$18.75M
Blend (final)
Blend
$14.49M
Owner & transaction history
Life Storage 598 LLC · 5 yrs held
Life Storage 598 LLC
since 2021
Last sale
$15.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$20.8M
+62.5%
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
$17,490,000
ML approach
$10,630,000
CAP Approach
CAP Return
Estimation
6%
$10,590,000
6.5%
$9,775,000
7%
$9,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,775,000
Current use
OFFICE BUILDING
$20,750,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$14.49M
Range $13.04M – $15.94M · ±10% · vs last sale $15.15M (Mar 18 2021)
Last sale anchor
$15.15M
Mar 18 2021
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
$211 / 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
$70,083
Tax year 2023
Assessed value
$4,247,278
Assessed 2024
Previous assessed
$3,787,365
+12.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$2,022,533
Assessed improvement
$2,224,745
Land market value
$5,778,666
Improvement market value
$6,356,414
Total market value
$12,135,080
Applied tax rate
635.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Stories
2
Units
612
Total area
68,515 SF
Lot
7.37 ac (321,037 SF)
APN
191-05-101-015
UPID
US62-0401202
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
WAREHOUSE, STORAGE Current
Est. value
$12.8M
OFFICE BUILDING
Est. value
$20.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
612
Lot
7.37 ac
Current owner
From public records · entity-resolved
Life Storage 598 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6467 MAIN ST STE #200, WILLIAMSVILLE, NY 14221-5856
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
—
Life Storage 598 LLC
Life Storage LP
Quit Claim Deed
related
—
Dec 7, 2015
$15,150,000
Shnv 11330 Dean Martin Drive LLC
Cp Southersn Highlands LLC
Bargain And Sale Deed
—
Oct 10, 2012
$8,600,000
Cp Southern Highlands LLC
Starr Storage Systems LLC
Grant Deed
$6,450,000 · Citigroup Global Markets Realt
Oct 28, 2004
—
Starr Storage Systems LLC
Olympia Group LLC
Grant Deed
related
—
—
—
Starr Storage Systems LLC
—
Deed Of Trust
related
—
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.
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