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Property profile & analytics
OFF-MARKET
Estimated value
$8,955,000
Warehouses
2860 Fremont St Las Vegas, NV 89104-2206
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0748602
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
48,625 SF
Lot
2.84 ac (123,710 SF)
APN
162-01-212-008
UPID
US62-0748602
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.42M
CAP Approach
CAP
$6.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.96M
Owner & transaction history
Hpi Self Storage Fremont LLC · 1 yrs held
Hpi Self Storage Fremont LLC
since 2025
Last sale
$10.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$14.4M
+58.8%
Medical building
$13.4M
+47.6%
Commercial (general)
$12.3M
+36.1%
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 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
$8,625,000
ML approach
$8,420,000
CAP Approach
CAP Return
Estimation
6%
$7,515,000
6.5%
$6,935,000
7%
$6,440,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,065,000
Current use
INDUSTRIAL (GENERAL)
$14,395,000
Change: +59% · Conversion: Easy
MEDICAL BUILDING
$13,385,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,335,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$8.96M
Range $8.06M – $9.85M · ±10% · vs last sale $10.40M (Jun 17 2025)
Last sale anchor
$10.40M
Jun 17 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
$184 / 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
$49,779
Tax year 2023
Assessed value
$1,741,442
Assessed 2024
Previous assessed
$1,559,500
+11.7% YoY
Effective rate
2.86%
On assessed value
Assessed land
$331,234
Assessed improvement
$1,410,208
Land market value
$946,383
Improvement market value
$4,029,166
Total market value
$4,975,549
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
3
Stories
1
Total area
48,625 SF
Lot
2.84 ac (123,710 SF)
APN
162-01-212-008
UPID
US62-0748602
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
$9.1M
INDUSTRIAL (GENERAL)
Est. value
$14.4M
MEDICAL BUILDING
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$12.3M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (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
2022
Heating
NONE
Stories
1
Buildings
3
Lot
2.84 ac
Current owner
From public records · entity-resolved
Hpi Self Storage Fremont LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7641 W POST RD, LAS VEGAS, NV 89113-6612
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2025
—
Hpi Self Storage Fremont LLC
—
Deed
related
$26,810,557 · Texas Capital Bank NA
Jun 17, 2025
$10,400,000
Hpi Self Storage Fremont LLC
2860 Fremont LLC
Special Warranty Deed
—
Nov 3, 2020
—
2860 Fremont LLC
2800 Fremont LLC
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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