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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Warehouses
125 Miller Ave North Las Vegas, NV 89030-4126
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0048374
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,230 SF
Lot
4.12 ac (179,467 SF)
APN
139-22-604-001
UPID
US62-0048374
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.84M
Owner & transaction history
City Of North Las Vegas · 1 yrs held
City Of North Las Vegas
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+124.8%
Auto repair, garage
$2.1M
+104.8%
Office building
$1.7M
+61.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,350,000
Change: +125% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,140,000
Change: +105% · Conversion: Easy
OFFICE BUILDING
$1,690,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$1,510,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10%
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
$352 / 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
$15,008
Tax year 2023
Assessed value
$819,633
Assessed 2024
Previous assessed
$784,152
+4.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$785,168
Assessed improvement
$34,465
Land market value
$2,243,337
Improvement market value
$98,471
Total market value
$2,341,808
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
5,230 SF
Lot
4.12 ac (179,467 SF)
APN
139-22-604-001
UPID
US62-0048374
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
4.12 ac
Current owner
From public records · entity-resolved
City Of North Las Vegas
Entity
Free & Clear · 1 yrs held
Mailing address
2250 PO BOX 82335TH BLVD N, LAS VEGAS, NV 89180-2335
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
—
City Of North Las Vegas
Spirit Investments LLC
Grant Deed
—
Dec 2, 2021
$3,400,000
Spirit Investments LLC
Waa Investment Holdings LLC
Grant Deed
—
Nov 24, 2021
—
Ruby Holdings LLC
Garold C Brown Family Liited Partne
Bargain And Sale Deed
—
Nov 24, 2021
$1,179,000
Waa Investment Holdings LLC
Ruby Holdings LLC
Bargain And Sale Deed
—
Aug 24, 2007
—
Garold C Brown Family
Fnf Rec 525-miller Avenue LLC
Grant Deed
—
Jun 14, 2007
$3,500,000
Fnf Rec 525-miller Avenue LLC
Dischbein,william F JR & Monique A
Warranty Deed
$3,507,128 · Private Lender
Mar 16, 2007
$450,000
William F Dischbein JR.
Aarow Of Nevada INC
Quit Claim Deed
related
—
Sep 15, 1989
$450,000
A A Row Nevada INC
Unknown
Grant Deed
—
—
—
A A Row Nevada INC
—
Deed Of Trust
related
$450,000 · Community 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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