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Property profile & analytics
FOR LEASE
Retail space
2222 W Cheyenne Ave North Las Vegas, NV 89032
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0372178
For Lease
1 / 5
$8,170,000
2222 W Cheyenne Ave, North Las Vegas, NV 89032
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
5.11 ac (222,592 SF)
APN
139-08-803-009
UPID
US62-0372178
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
-
JES Supply Company Building Supply Factory
-
unlv College
-
UNITED AUTO SALES LLC Car Dealership
-
Terra Contracting General Contractor
-
Galt Development, LLC General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.17M
Owner & transaction history
Osi 2222 W Cheyenne Ave LLC · 1 yrs held
Osi 2222 W Cheyenne Ave LLC
since 2025
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+420.1%
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
$7,165,000
ML approach
$7,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,320,000
Change: +420% · Conversion: Easy
Blend value · Realmo final
$8.17M
Range $7.35M – $8.99M · ±10% · vs last sale $9.05M (Mar 11 2025)
Last sale anchor
$9.05M
Mar 11 2025
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
$1,634 / 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
$16,528
Tax year 2023
Assessed value
$1,070,793
Assessed 2024
Previous assessed
$1,046,042
+2.4% YoY
Effective rate
1.54%
On assessed value
Assessed land
$841,398
Assessed improvement
$229,395
Land market value
$2,403,994
Improvement market value
$655,414
Total market value
$3,059,408
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Total area
5,000 SF
Lot
5.11 ac (222,592 SF)
APN
139-08-803-009
UPID
US62-0372178
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
RESTAURANT
Est. value
$5.3M
RESTAURANT
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
5.11 ac
Current owner
From public records · entity-resolved
Osi 2222 W Cheyenne Ave LLC
Entity
Mailing address
151 KALMUS DR STE F1, COSTA MESA, CA 92626-5965
Ownership since
2025
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
Mar 11, 2025
$9,050,000
Osi 2222 W Cheyenne Ave LLC
Thomas Knapp
Bargain & Sale Deed
—
Mar 11, 2025
—
Thomas Knapp
Bethany Knapp
Deed
related
$6,000,000 · Symetra Life Insurance Co
Dec 19, 2024
$9,125,000
Gregory Knapp
Bri Cheyenne Storage LLC
Bargain & Sale Deed
—
Mar 24, 2017
—
Archon Investments LLC
—
Deed
related
$750,000 · Meadows Bk
Jan 9, 2013
$800,000
Bri Cheyenne Storage LLC
Dcw Properties LLC
Grant Deed
—
Jul 16, 2003
—
Dcw Properties LLC
Wilson,delmar K
Grant Deed
related
—
Jun 21, 1996
—
Delmer K Wilson
Wilson,connie
Quit Claim Deed
related
$579,000 · Southern Nevada Certified Dev
—
—
Delmer K Wilson
—
Deed Of Trust
related
$1,068,500 · Zions First National Bank
—
—
Delmer K Wilson
—
Deed Of Trust
related
$667,300 · Zions First National Bank
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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