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Property profile & analytics
FOR LEASE
Industrial properties
2875 E Patrick Ln Las Vegas, NV 89120
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0430465
For Lease
1 / 2
$15 SF/Yr
2875 E Patrick Ln, Las Vegas, NV 89120
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
CONCRETE
Total area
72,392 SF
Lot
14.17 ac (617,245 SF)
APN
162-36-310-015
UPID
US62-0430465
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
-
Sunbelt Controls Hardware & Home Improvement HVAC Service
-
Nexum Interpreters Services Translator
-
HIBODY LLC Corporate Office
-
HERBALICIOUS (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Crimson Productions LLC IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.54M
Blend (final)
Blend
$11.27M
Owner & transaction history
Harsch Investment Properties L · 9 yrs held
Harsch Investment Properties L
since 2016
7 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.27M
Range $10.14M – $12.40M · ±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
$156 / 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
$167,002
Tax year 2023
Assessed value
$6,714,457
Assessed 2024
Previous assessed
$5,820,021
+15.4% YoY
Effective rate
2.49%
On assessed value
Assessed land
$2,160,358
Assessed improvement
$4,554,099
Land market value
$6,172,451
Improvement market value
$13,011,711
Total market value
$19,184,162
Applied tax rate
470.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1997
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
5
Stories
1
Total area
72,392 SF
Lot
14.17 ac (617,245 SF)
APN
162-36-310-015
UPID
US62-0430465
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
1997
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
5
Lot
14.17 ac
Current owner
From public records · entity-resolved
Harsch Investment Properties L
Entity
Mailing address
1121 SW SALMON ST FL #5, PORTLAND, OR 97205-2000
Ownership since
2016
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
Feb 2, 2018
—
Harsch Investment Props LLC
—
Deed
related
$15,500,000 · Miscellaneous Ins Co
Nov 8, 2016
$22,637,849
Harsch Investment Properties L
Bkm Patrick 102 LLC
Grant Deed
$90,000,000 · M&t R/e Tr
Nov 10, 2015
—
Bkm Patrick 102 LLC
—
Trustees Deed
related
$14,100,000 · Western Alliance Bk
May 1, 2014
$15,125
Bkm Patrick 102 LLC
Pfrs Patrick Center Corp
Grant Deed
—
Apr 27, 1998
$16,900,000
Pfrs Patrick Center Corp
Patrick Commerce Center LLC
Grant Deed
related
$10,000,000 · State Farm Life Insurance Co
Aug 29, 1996
—
Patrick Commerce Center LLC
—
Grant Deed
related
$7,500,000 · Cathay Bank
—
—
Harsch Investment Props LLC
—
Deed Of Trust
related
$15,500,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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