Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2600 Vegas Dr Las Vegas, NV 89106-1606

    • Warehouses
    • 46,954 SF
    • 4.26 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2023
    $8,330,000
    Value Estimations
    $7,750,000
    Show details
    Cap Rate Potential
    5.5%
    Warehouses
    Location Intelligence
    Property ID
    US62-0375945
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RightSpace Self Storage / Storage Facility

    Property Details for 2600 Vegas Dr

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    4.26 lot acres
    Property size
    46,954 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    139-20-801-011
    APU
    13920801011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,880,000
      ML approach
      $7,520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,255,000
      6.5%
      $6,700,000
      7%
      $6,220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,761,000
      Market price range: $5.76M - $12.9M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $8,755,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.177
    Latitude
    36.1891
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,502
    $409,173
    $668,207
    $1,077,380
    -
    $1,169,066
    $1,909,163
    $3,078,229

    Comparable in this City

    • Value Estimation
      $7,175,000
      99,600 SF

      2025 Rancho Dr

      MINI-WAREHOUSE, STORAGE • 99,600 SF
      2025 Rancho Dr, Las Vegas, NV 89106-1046
      View Details
    • Value Estimation
      $3,755,000
      50,386 SF

      1661 Rancho Dr

      MINI-WAREHOUSE, STORAGE • 50,386 SF
      1661 Rancho Dr, Las Vegas, NV 89106-1018
      View Details
    • Value Estimation
      $2,685,000
      24,044 SF

      2210 Bonanza Rd

      MINI-WAREHOUSE, STORAGE • 24,044 SF
      2210 Bonanza Rd, Las Vegas, NV 89106-4714
      View Details
    • Value Estimation
      $5,000,000
      21,284 SF

      270 Martin L King Blvd

      WAREHOUSE, STORAGE • 21,284 SF
      270 Martin L King Blvd, Las Vegas, NV 89106-4305
      View Details
    • Value Estimation
      $920,000
      11,985 SF

      924 Commerce St

      WAREHOUSE, STORAGE • 11,985 SF
      924 Commerce St, Las Vegas, NV 89106-4501
      View Details
    • Value Estimation by Request
      4,800 SF

      601 Bonanza Rd

      WAREHOUSE, STORAGE • 4,800 SF
      601 Bonanza Rd, Las Vegas, NV 89106-3230
      View Details

    Similar Nearby for Sale

    • $19,800,000
      6.50 Acres

      Downtown Vegas Industrial Land

      6.5 Acres, Prime Location, $19.8M
      840 Commerce St, Las Vegas, NV 89106
      View Details
    • $7,900,000
      3.23 Acres

      Downtown Vegas Land: 3.23 Acres

      Prime Commercial/Industrial Land
      0 3.23 Ac Iron Horse Ct, Las Vegas, NV 89106
      View Details
    • $500,000
      4,353 SF

      Prime Las Vegas Storefront Investment

      High-Yield Retail Property, 4,353 SF
      1214 D St, Las Vegas, NV 89106
      View Details
    • $4,550,000
      36,407 SF

      Anchored Shopping Center For Sale

      Value-add shopping center with junior-anchor opportunity in north Las Vegas.
      3103-3149 N Rancho Dr, Las Vegas, NV 89106
      View Details
    • $19,800,000

      Downtown Las Vegas Development Opportunity

      6.5 acres in Downtown Civic & Business District.
      840 S Commerce St, Las Vegas, NV 89106
      View Details
    • $1,218,510
      1,022 SF

      Luxury High-Rise Residences, Las Vegas

      32-story condominium with luxury residences and Strip views.
      700 W Carson Ave, Las Vegas, NV 89106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,760 SF

      Distribution Building in North Las Vegas

      New distribution building in North Las Vegas, available Q4 2024.
      3500 Coran Ln, Las Vegas, NV 89106
      View Details
    • $15 SF/Yr
      6,736 SF

      Bonanza Road Office Space For Sale

      Single-tenant office/industrial building, ideal for auto businesses.
      800 Bonanza Rd, Las Vegas, NV 89106
      View Details
    • Contact for pricing
      87,294 SF

      Rancho Towne & Country Retail Space

      Prime Retail Space, Multiple Tenants Available
      0 Charleston Blvd, Las Vegas, NV 89106
      View Details
    • $30 SF/Yr
      285,220 SF

      Molasky Corporate Center Office Space

      Downtown Las Vegas Class A Office Suites
      100 City Pkwy, Las Vegas, NV 89106
      View Details
    • Contact for pricing
      26,635 SF

      Retail Development Parcel in Las Vegas

      Prime retail development parcel for ground lease or build-to-suit.
      N Martin Luther King Blvd, Las Vegas, NV 89106
      View Details
    • Contact for pricing

      Retail Space Available

      Retail property for rent at 3602 E Bonanza Rd, Las Vegas.
      3602 E Bonanza Rd, Las Vegas, NV 89106
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2600 Vegas Dr
    Las Vegas, NV 89106-1606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.