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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Industrial properties
2900 Lone Mtn Rd North Las Vegas, NV 89081-2600
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0414596
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1990
Construction
STEEL FRAME
Total area
24,360 SF
Lot
19.65 ac (855,954 SF)
APN
124-36-403-010
UPID
US62-0414596
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
-
Verano Brands Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
2900 Lone Mountain LLC · 3 yrs held
2900 Lone Mountain LLC
since 2022
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$28 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$75,453
Tax year 2021
Assessed value
$2,960,281
Assessed 2022
Previous assessed
$2,960,281
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$2,022,192
Assessed improvement
$938,089
Land market value
$5,777,691
Improvement market value
$2,680,254
Total market value
$8,457,945
Applied tax rate
250.0000
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
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
24,360 SF
Lot
19.65 ac (855,954 SF)
APN
124-36-403-010
UPID
US62-0414596
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
1990
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
19.65 ac
Current owner
From public records · entity-resolved
2900 Lone Mountain LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4090 W HACIENDA AVE STE #100, LAS VEGAS, NV 89118-1684
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
2900 Lone Mountain LLC
—
Deed
related
$12,000,000 · Rainbow Coolidge Las Vegas LLC
Nov 7, 2022
—
2900 Lone Mountain LLC
—
Deed
related
$350,000,000 · Chicago Atlantic Admin LLC
Aug 25, 2022
—
2900 Lone Mountain LLC
M E C INC
Correction Deed
related
—
Mar 21, 2022
—
2900 Lone Moutain LLC
—
Deed
related
$350,000,000 · Chicago Atlantic Admin LLC
Aug 1, 2017
$3,500,000
2900 Lone Mountain LLC
Mec INC
Grant Deed
$2,900,000 · Mec INC
Mar 5, 2014
$5,200,000
Mec INC
Pratte Lone Mountain Property
Grant Deed
—
Jun 27, 2006
—
Pratte Lone Mountain Prop LLC
Pratte Trust
Quit Claim Deed
—
May 26, 2006
—
Pratte Trust
Pratte Dev Co INC
Quit Claim Deed
—
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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