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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Warehouses
2651 Crimson Cyn Dr Las Vegas, NV 89128-0842
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-1284198
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
39,956 SF
Lot
2.94 ac (128,066 SF)
APN
138-15-310-036
UPID
US62-1284198
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
-
Factory Motor Parts Distribution Center Logistics Company
-
New Day Christian Church Church
-
On the Web Marketing Furniture & Home Goods Home Decor Store
-
Icon Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
tech center business park Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
2651 Crimson Canyon LLC · 22 yrs held
2651 Crimson Canyon LLC
since 2004
4 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,805,000
6.5%
$4,435,000
7%
$4,115,000
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10%
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
$111 / 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
$53,461
Tax year 2023
Assessed value
$2,295,180
Assessed 2024
Previous assessed
$1,969,237
+16.6% YoY
Effective rate
2.33%
On assessed value
Assessed land
$672,347
Assessed improvement
$1,622,833
Land market value
$1,920,991
Improvement market value
$4,636,666
Total market value
$6,557,657
Applied tax rate
200.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
39,956 SF
Lot
2.94 ac (128,066 SF)
APN
138-15-310-036
UPID
US62-1284198
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
2006
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
2651 Crimson Canyon LLC
Entity
Free & Clear · 22 yrs held
Mailing address
10300 W CHARLESTON BLVD STE #13, LAS VEGAS, NV 89135-5008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2017
—
2651 Crimson Canyon LLC
—
Deed
related
$3,100,000 · Miscellaneous Ins Co
Oct 26, 2004
—
Crimson Canyon LLC
—
Trustees Deed
related
$2,447,525 · Bankwest Of Nevada
Jul 14, 2004
$1,089,131
2651 Crimson Canyon LLC
City Of Las Vegas
Grant Deed
—
—
—
2651 Crimson Canyon LLC
—
Deed Of Trust
related
$3,100,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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