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Property profile & analytics
OFF-MARKET
Estimated value
$27,300,000
Distribution centers
1220 Trade Dr North Las Vegas, NV 89030-7812
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-1311008
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1993
Construction
CONCRETE
Total area
155,262 SF
Lot
10.61 ac (462,172 SF)
APN
139-16-501-002
UPID
US62-1311008
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
-
PLI Card Marketing Solutions Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$27.30M
CAP Approach
CAP
$21.16M
Comparable Approach
Comparable
$23.82M
Blend (final)
Blend
$27.30M
Owner & transaction history
Vaf I Trade Drive 2 LLC · 1 yrs held
Vaf I Trade Drive 2 LLC
since 2024
Last sale
$27.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$44.8M
+44.6%
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
$27,300,000
ML approach
$27,300,000
CAP Approach
CAP Return
Estimation
6%
$22,920,000
6.5%
$21,155,000
7%
$19,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,020,000
Current use
MEDICAL BUILDING
$44,845,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$27.30M
Range $24.57M – $30.03M · ±10% · vs last sale $27.30M (Nov 4 2024)
Last sale anchor
$27.30M
Nov 4 2024
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
$176 / 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
$114,297
Tax year 2023
Assessed value
$4,776,039
Assessed 2024
Previous assessed
$4,418,537
+8.1% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,819,802
Assessed improvement
$2,956,237
Land market value
$5,199,434
Improvement market value
$8,446,391
Total market value
$13,645,825
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
1993
Construction
CONCRETE
Heating
YES
Stories
1
Total area
155,262 SF
Lot
10.61 ac (462,172 SF)
APN
139-16-501-002
UPID
US62-1311008
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
$31.0M
MEDICAL BUILDING
Est. value
$44.8M
WAREHOUSE, STORAGE Current
MEDICAL 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
1993
Construction
CONCRETE
Heating
YES
Stories
1
Lot
10.61 ac
Current owner
From public records · entity-resolved
Vaf I Trade Drive 2 LLC
Entity
Mailing address
14241 DALLAS PKWY STE #1050, DALLAS, TX 75254-2960
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
$27,300,000
Vaf I Trade Drive 2 LLC
Colfin 2018 6 Industrial Owner LLC
Bargain And Sale Deed
$66,362,709 · Prudential Insurance Of America
Feb 9, 2022
—
Colfin 2018 6 Industrial Owner LLC
—
Deed
related
$394,500,000 · Morgan Stanley Bank NA
Dec 19, 2019
—
Colfin 2018-6 Indl Owner LLC
—
Grant Deed
related
—
Jul 31, 2018
$15,995,000
Colfin 2018-6 Indl Owner LLC
Miner Props
Grant Deed
—
Mar 27, 2018
—
Winner Motorcycles LLC
—
Deed
related
$2,000,000 · Mufg Union Bk NA
Jul 11, 2017
—
Winner Properties LLC
—
Deed
related
$2,000,000 · Mufg Union Bk NA
Jun 30, 2017
—
Winner Properties LLC
—
Deed
related
$1,000,000 · Mufg Union Bk NA
Jul 15, 2004
$6,550,000
Winner Properties LLC
Airport Cheyenne Venture LLC
Grant Deed
—
—
—
Winner Properties LLC
—
Deed Of Trust
related
$2,000,000 · Mufg Union Bk NA
—
—
Winner Properties LLC
—
Deed Of Trust
related
$2,000,000 · Mufg Union Bk NA
—
—
Winner Properties LLC
—
Deed Of Trust
related
$1,000,000 · Mufg Union Bk NA
—
—
Winner Cycles LLC
—
Loan Modification
related
$1,000,000 · Mufg Union Bk NA
—
—
Winner Motorcycles LLC
—
Loan Modification
related
$2,000,000 · Mufg Union Bk 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.
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