Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a well-established auto repair shop in Las Vegas, Nevada. The property, located at 2439 N Decatur Blvd, boasts 2,880 square feet on a 0.25-acre lot, zoned C-1. The building, constructed in 1994, is a two-story Class B structure with a single tenant currently enjoying 100% occupancy until April 30, 2024. The property features four repair bays, a secure rear yard, a standard office, reception area, and bathroom. High ceilings in the bay area and up-to-date equipment are key features. This family-run business, operating for over 30 years, offers a compelling value-add investment opportunity. The asking price is $1,350,000, representing a price per square foot of $468.75 and a land value of $468.62/SF. The property's strong performance is reflected in its attractive 6.22% cap rate. The net lease structure provides a straightforward investment with minimal management responsibilities. This turnkey operation presents a rare chance to acquire a profitable business and valuable real estate in a desirable Las Vegas location. The property's parcel number is 138-13-801-082.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1994
Construction
STEEL FRAME
Total area
2,400 SF
Lot
0.25 ac (10,890 SF)
APN
138-13-801-082
UPID
US62-0463904
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$1.10M
Owner & transaction history
since 2024
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$1.5M
+13.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.10M
Value range
$990k – $1.21M
±10% around blend
Estimated value / SF
$458 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
$990k
blend $1.10M
$1.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,400 SF
Lot area
0.25 ac
Year built
1994
Stories
1
APN
138-13-801-082
Assessed value
$96,492
Annual tax
$2,712
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.54M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.5 mi away · 2,000 SF
5.3 mi away · 2,560 SF
14.6 mi away · 2,757 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.10M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 168 sales
$555
-17%
County 237 sales
$513
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $458/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+14%
vs current-use indication
Auto Repair, Garage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.10M
Move the market yield to see immediate price impact.
Value / SF
$458
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$69k
$1.39M
$990k
$770k
$77k
$1.54M
$1.10M
$856k
$85k
$1.69M
$1.21M
$941k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$4.50M
2.2 mi · May 2026 · $1,967/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,712
Tax year 2023
Assessed value
$96,492
Assessed 2024
Previous assessed
$96,492
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$36,209
Assessed improvement
$60,283
Land market value
$103,454
Improvement market value
$172,237
Total market value
$275,691
Applied tax rate
200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
2,400 SF
Lot
0.25 ac (10,890 SF)
APN
138-13-801-082
UPID
US62-0463904
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
0.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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