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Property profile & analytics
OFF-MARKET
Estimated value
$8,820,000
Warehouses
2645 Nellis Blvd Las Vegas, NV 89121-2041
Individually Owned
4-yr Hold
Free & Clear
Property ID
US62-0040679
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,540 SF
Lot
1.37 ac (59,677 SF)
APN
161-08-501-008
UPID
US62-0040679
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
-
Devon Self Storage Storage Facility
-
Lucky Discount Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Divine Design by Donna Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.78M
CAP Approach
CAP
$6.57M
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$8.82M
Owner & transaction history
Self Storage Portfolio Xiv Dst · 4 yrs held
Self Storage Portfolio Xiv Dst
since 2021
Last sale
$9.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$13.5M
+58.8%
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 Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$10,620,000
ML approach
$10,780,000
CAP Approach
CAP Return
Estimation
6%
$7,115,000
6.5%
$6,570,000
7%
$6,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,490,000
Current use
INDUSTRIAL (GENERAL)
$13,485,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$8.82M
Range $7.94M – $9.70M · ±10% · vs last sale $9.20M (Sep 20 2021)
Last sale anchor
$9.20M
Sep 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
$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
$20,455
Tax year 2023
Assessed value
$776,096
Assessed 2024
Previous assessed
$717,433
+8.2% YoY
Effective rate
2.64%
On assessed value
Assessed land
$167,096
Assessed improvement
$609,000
Land market value
$477,417
Improvement market value
$1,740,000
Total market value
$2,217,417
Applied tax rate
340.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
2
Stories
1
Units
379
Total area
45,540 SF
Lot
1.37 ac (59,677 SF)
APN
161-08-501-008
UPID
US62-0040679
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
WAREHOUSE, STORAGE Current
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$13.5M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
2
Units
379
Lot
1.37 ac
Current owner
From public records · entity-resolved
Self Storage Portfolio Xiv Dst
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
—
Self Storage Portfolio Xiv Dst
—
Deed
related
$30,913 · First Merchants Bank
Sep 20, 2021
$9,200,000
Self Storage Portfolio Xiv Dst
Cubesmart LP
Grant Deed
—
Dec 15, 2009
—
U-store-it
—
Deed Of Trust
related
$450,000,000 · Wachovia Bank NA
Feb 8, 2006
$3,900,000
U-store-it
Crownridge Storage Portfolio L
Grant Deed
—
May 5, 2004
$2,314,260
Crownridge Storage Portfolio
Susa Partnership LP
Grant Deed
related
$1,250,000 · General Electric Capital Corp
Sep 4, 1997
$2,288,000
Susa Partnership LP
National Self Storage-las 1 LP
Grant Deed
related
—
Aug 14, 1992
$1,152,180
S P M Properties I
Unknown
Grant Deed
related
—
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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