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Property profile & analytics
OFF-MARKET
Estimated value
$9,670,000
Industrial land
1184 Western Ave Las Vegas, NV 89102-2509
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-1296017
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1960
Construction
CONCRETE
Total area
6,146 SF
Lot
0.16 ac (6,970 SF)
APN
162-04-513-004
UPID
US62-1296017
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.67M
Owner & transaction history
City Of Las Vegas · 2 yrs held
City Of Las Vegas
since 2023
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$9,460,000
ML approach
$9,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.67M
Range $8.70M – $10.64M · ±10% · vs last sale $10.00M (Sep 14 2023)
Last sale anchor
$10.00M
Sep 14 2023
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
$1,573 / 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
Assessed value
$67,086
Assessed 2024
Previous assessed
$67,086
+0.0% YoY
Assessed land
$67,086
Land market value
$191,674
Total market value
$191,674
Applied tax rate
212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
6,146 SF
Lot
0.16 ac (6,970 SF)
APN
162-04-513-004
UPID
US62-1296017
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
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
City Of Las Vegas
Entity
Free & Clear · 2 yrs held
Mailing address
495 S MAIN ST, LAS VEGAS, NV 89101-6318
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
—
City Of Las Vegas
Department Of Transportation
Quit Claim Deed
related
—
Mar 23, 2006
$3,650,000
Wall Street Nevada Hs LLC
Wall Street Nevada LLC
Grant Deed
—
Mar 23, 2006
—
Wall Street Nevada LLC
Wall Street Nevada LLC
Quit Claim Deed
related
—
Mar 23, 2006
$10,000,000
Wall Street Nevada LLC
Ickes Family Trust
Grant Deed
$15,757,181 · Nevada State Bank
Aug 17, 2004
$710,000
Ickes Family Trust
Land Consumer Services LLC
Grant Deed
—
Nov 22, 2002
$605,660
Land Consumer Services LLC
Bowman,tede & Judy
Grant Deed
$928,916 · First National Bank Nevada
May 18, 1994
$168,000
Tede Bowman
Webster,donald E
Grant Deed
$100,000 · First Interstate Bank Nevada
Mar 17, 1993
$29,500
Donald E Webster
Unknown
Grant Deed
—
—
—
Land Consumer Services LLC
—
Deed Of Trust
related
$928,916 · First National Bank Nevada
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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