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

    2861 Business Park Ct Las Vegas, NV 89128-9000

    • Day care centers
    • 7,472 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0474388
    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

    • REM Nevada Portals / Association Or Organization

    Property Details for 2861 Business Park Ct

    Year built
    1997
    Construction
    FRAME
    Lot size
    1.04 lot acres
    Property size
    7,472 SF
    Property type
    Day care centers
    APN
    138-15-610-010
    APU
    13815610010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.251
    Latitude
    36.2124
    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
    $14,484
    $237,836
    $358,161
    $595,997
    -
    $679,531
    $1,023,317
    $1,702,848

    Comparable in this City

    • Value Estimation
      $505,000
      6,804 SF

      2401 Tech Ctr Ct

      DAY CARE, PRE-SCHOOL • 6,804 SF
      2401 Tech Ctr Ct, Las Vegas, NV 89128-0804
      View Details
    • Value Estimation
      $515,000
      7,862 SF

      2121 Hbr Is Dr

      DAY CARE, PRE-SCHOOL • 7,862 SF
      2121 Hbr Is Dr, Las Vegas, NV 89128-7645
      View Details
    • Value Estimation
      $5,975,000
      4,582 SF

      2551 Golden Sands Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,582 SF
      2551 Golden Sands Dr, Las Vegas, NV 89128-2809
      View Details
    • Value Estimation
      $2,790,000
      2,140 SF

      7646 Allano Way

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,140 SF
      7646 Allano Way, Las Vegas, NV 89128-2669
      View Details
    • Value Estimation
      $5,090,000
      3,904 SF

      2500 Regatta Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,904 SF
      2500 Regatta Dr, Las Vegas, NV 89128-6800
      View Details
    • Value Estimation
      $1,470,000
      1,128 SF

      8250 Cielo Vis Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,128 SF
      8250 Cielo Vis Ave, Las Vegas, NV 89128
      View Details

    Similar Nearby for Sale

    • $4,736,000
      5,525 SF

      New Retail Space For Sale

      New construction retail space with freeway access and strong population.
      2131 Rock Springs Dr, Las Vegas, NV 89128
      View Details
    • $755,000
      2,649 SF

      Las Vegas Medical Office Suite

      2,649 SF Medical Office, $755,000
      2501 Fire Mesa St, Las Vegas, NV 89128
      View Details
    • $249,990
      1,062 SF

      Meticulously Maintained Condo with Upgrades

      Well-maintained condo with upgraded features and resort-style amenities.
      1150 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • $219,900
      1,136 SF

      Condo with Community Pools and Spas

      First-floor condo with open layout, fireplace, and community amenities.
      1104 Pinto Rock Ln, Las Vegas, NV 89128
      View Details
    • $330,000
      1,392 SF

      Summerlin Condo with Resort Amenities

      ADA accessible 2-bedroom condo in Summerlin's Red Hills community.
      1713 Sky Of Red Dr, Las Vegas, NV 89128
      View Details
    • $959,700
      3,199 SF

      Las Vegas Executive Office Suite

      Modern office condo, prime location.
      7375 Peak Dr, Las Vegas, NV 89128
      View Details

    Similar Nearby for Lease

    • $1.65 SF/Yr
      50,000 SF

      Peak Professional Office Suites

      Las Vegas Executive Office Space Available
      7250 Peak Dr, Las Vegas, NV 89128
      View Details
    • $8,800,000
      6,757 SF

      Professional Office Building For Lease

      Two-story office building with remodeled suites and ample parking.
      1333 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • $2,100 /Mo
      1,109 SF

      Renovated Condo in Desert Shores

      Updated 3 bed, 2 bath condo with community amenities.
      3151 Soaring Gulls Dr, Las Vegas, NV 89128
      View Details
    • $18 SF/Yr
      2,029 SF

      Flex/Industrial Space Available For Rent

      2,029 SF flex/industrial space for rent in Las Vegas.
      7320 Smoke Ranch Rd, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      90,373 SF

      Lake Mead Retail Center Opportunity

      Whole Foods-anchored, multiple spaces available
      7290 Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • $24 SF/Yr
      41,110 SF

      8510 Lake Mead Blvd

      Neighborhood centers • 41,110 SF
      8510 Lake Mead Blvd, Las Vegas, NV 89128
      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.
    2861 Business Park Ct
    Las Vegas, NV 89128-9000
    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.