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Property profile & analytics
OFF-MARKET
Estimated value
$3,030,000
Warehouses
1914 Mendenhall Dr, North Las Vegas, NV 89081-3268
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0228822
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
22,496 SF
Lot
1.26 ac (54,886 SF)
APN
139-02-613-004
UPID
US62-0228822
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
-
USA Flap Industrial Manufacturer Production Facility
-
Specialty Adhesive Film Co Industrial Manufacturer Production Facility
-
Rivian Service Center Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
$3.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.03M
Owner & transaction history
Iai Mendenhall Owner LLC · 4 yrs held
Iai Mendenhall Owner LLC
since 2021
Last sale
$3.1M
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 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
$2,970,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
$3,320,000
6.5%
$3,065,000
7%
$2,845,000
Blend value · Realmo final
$3.03M
Range $2.73M – $3.33M · ±10% · vs last sale $3.10M (Jul 20 2021)
Last sale anchor
$3.10M
Jul 20 2021
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
$135 / 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
$15,653
Tax year 2023
Assessed value
$539,254
Assessed 2024
Previous assessed
$496,366
+8.6% YoY
Effective rate
2.90%
On assessed value
Assessed land
$192,101
Assessed improvement
$347,153
Land market value
$548,860
Improvement market value
$991,866
Total market value
$1,540,726
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
1997
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
22,496 SF
Lot
1.26 ac (54,886 SF)
APN
139-02-613-004
UPID
US62-0228822
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
1997
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Iai Mendenhall Owner LLC
Entity
Mailing address
9155 S DADELAND BLVD STE #1408, MIAMI, FL 33156-2740
Ownership since
2021
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 20, 2021
$3,100,000
Iai Mendenhall Owner LLC
Specialty Group
Bargain And Sale Deed
$4,154,650 · Ameris Bank
Nov 23, 2016
—
Specialty Group
—
Deed
related
$760,115 · Bank Of America
Aug 20, 2012
$1,130,000
Specialty Group
Lv Sunset LLC
Grant Deed
$880,000 · Us Bank NA
Mar 29, 2011
$700,000
Lv Sunset LLC
Nevada Title Co
Trustees Deed
—
Aug 1, 1997
$1,325,000
Connie Stevens Forever Spring
Seibert,john & Kim
Grant Deed
$990,000 · Imperial Commercial Capital
Feb 7, 1997
$467,000
Saxon INC
Mendenhall Trust
Grant Deed
$240,000 · Community Bank Nevada
Jan 31, 1997
—
John Seibert
Siebert,john D & Kim A
Grant Deed
$420,000 · Butler Trust
—
—
Connie Stevens Forever Spring
—
Deed Of Trust
related
$1,500,000 · Bookbinder R S Fam Trust
—
—
Specialty Group
—
Deed Of Trust
related
$760,115 · Bank Of America
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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