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Property profile & analytics
FOR LEASE
Commercial land
2 Goodsprings Rd Jean, NV 89019
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0526965
For Lease
1 / 2
$44,550,000
2 Goodsprings Rd, Jean, NV 89019
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1989
Construction
CONCRETE
Total area
229,386 SF
Lot
33.02 ac (1,438,351 SF)
APN
217-11-701-002
UPID
US62-0526965
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
$48.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.55M
Owner & transaction history
Svic Land LLC · 4 yrs held
Svic Land LLC
since 2022
Last sale
$44.7M
5 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 Jean submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jean 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
$40,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,185,000
6.5%
$48,170,000
7%
$44,730,000
Blend value · Realmo final
$44.55M
Range $40.10M – $49.01M · ±10% · vs last sale $44.74M (Feb 24 2022)
Last sale anchor
$44.74M
Feb 24 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
$194 / 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
$5,449
Tax year 2023
Assessed value
$215,827
Assessed 2024
Previous assessed
$200,225
+7.8% YoY
Effective rate
2.52%
On assessed value
Assessed land
$215,827
Land market value
$616,649
Total market value
$616,649
Applied tax rate
104.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1989
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
229,386 SF
Lot
33.02 ac (1,438,351 SF)
APN
217-11-701-002
UPID
US62-0526965
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
1989
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
33.02 ac
Current owner
From public records · entity-resolved
Svic Land LLC
Entity
Mailing address
550 W PLUMB LNB506, RENO, NV 89509-3468
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Svic Land LLC
Jean Development West LLC
Re-recorded Document
related
—
Feb 24, 2022
$44,738,550
Svic Land LLC
Jean Development West LLC
Bargain And Sale Deed
—
—
—
Jean Dev West LLC|jean Dev North LLC
—
Deed Of Trust
related
$14,000,000 · Lv Data LLC
—
—
Jean Dev West LLC
—
Deed Of Trust
related
$14,000,000 · Qc Standby 7 LLC
—
—
Jean Dev West LLC
—
Deed Of Trust
related
$27,175,469 · Qc Standby 7 LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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