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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Distribution centers
1205 Alexander Rd North Las Vegas, NV 89030-3201
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0530094
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Total area
172,611 SF
Lot
8.34 ac (363,290 SF)
APN
139-11-102-002
UPID
US62-0530094
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
$5.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$5.60M
Owner & transaction history
Clpf Silver State LLC · 4 yrs held
Clpf Silver State LLC
since 2022
Last sale
$7.4M
4 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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$3,870,000
ML approach
$5,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±10% · vs last sale $7.44M (Jan 5 2022)
Last sale anchor
$7.44M
Jan 5 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
$32 / 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
$145,186
Tax year 2023
Assessed value
$5,378,549
Assessed 2024
Previous assessed
$1,068,073
+403.6% YoY
Effective rate
2.70%
On assessed value
Assessed land
$1,112,576
Assessed improvement
$4,265,973
Land market value
$3,178,789
Improvement market value
$12,188,494
Total market value
$15,367,283
Applied tax rate
250.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Heating
NONE
Stories
1
Total area
172,611 SF
Lot
8.34 ac (363,290 SF)
APN
139-11-102-002
UPID
US62-0530094
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
2023
Heating
NONE
Stories
1
Lot
8.34 ac
Current owner
From public records · entity-resolved
Clpf Silver State LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2001 ROSS AVE STE #3900, DALLAS, TX 75201-8074
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$7,438,523
Clpf Silver State LLC
Floyd A Meldrum
Bargain And Sale Deed
—
Nov 8, 2018
$2,997,145
Meldrum Family Trust
Frehner Ents LLC
Grant Deed
—
Oct 9, 2002
—
North Las Vegas City (nv)
Frehner Enterprises LLC
Grant Deed
related
—
Aug 31, 1998
—
Frehner Enterprses LLC
Frehner,lolita H
Quit Claim Deed
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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