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Property profile & analytics
OFF-MARKET Estimated value $705,000
Retail space

145 Reno Ave Ste E1 Las Vegas, NV 89119-1114

3,869 SF 0.09 ac lot Built 1987
Entity Owned 30-yr Hold Free & Clear
Property ID
US62-0426425
Property summary
AI-generated overview

This exceptional 5,446-square-foot warehouse, located at 145 E Reno Ave, Las Vegas, NV 89119, presents a unique owner-user or ground lease investment opportunity. Situated within the Quail Air Center at Harry Reid International Airport, this property boasts a prime location near the intersection of Las Vegas Boulevard and Tropicana Avenue, offering unparalleled access to the Strip and the future A's Athletic Stadium. The warehouse features two units, recently renovated in 2023, and includes one loading dock. The space is zoned C-P and offers significant advantages for businesses needing proximity to the airport. The hangar features a 55' wide roll-up door and a 44'-52' depth (expandable to 60' by removing a workshop). An additional 10' x 12' roll-up door provides convenient access to the building's delivery side. This property benefits from a ground lease arrangement and includes substantial comfort upgrades. The asking price is $700,000, translating to $128.53 per square foot. The occupancy date is September 16, 2024. The property's APN is 162-28-211-001. Tenants enjoy a Jet A fuel discount. This is an ideal opportunity for businesses seeking a high-visibility location with convenient airport access.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction CONCRETE
Total area 3,869 SF
Lot 0.09 ac (3,920 SF)
APN 162-28-211-005
UPID US62-0426425
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
  • Life Guard International, Inc. Ambulance Service
  • AirMed Production Facility
  • Odyssey Transport Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k
Owner & transaction history
Johnny Ribeiro Builder INC · 30 yrs held
Johnny Ribeiro Builder INC
since 1995
2 recorded transactions
1995
Price N/A
1991
$177,770
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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