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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2945 Martin L King Blvd North Las Vegas, NV 89032-7801

    • Warehouses
    • 8,530 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0134616
    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

    • Warehouses

    Property Details for 2945 Martin L King Blvd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    1.42 lot acres
    Property size
    8,530 SF
    Property type
    Warehouses
    APN
    139-16-201-011
    APU
    13916201011

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,260,000
      6.5%
      $1,160,000
      7%
      $1,080,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $574,000
      Market price range: $167k - $713k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,195,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.162
    Latitude
    36.2135
    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
    $9,573
    $259,791
    $190,556
    $450,347
    -
    $742,260
    $544,446
    $1,286,706

    Comparable in this City

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      $4,380,000
      57,621 SF

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    • Value Estimation
      $5,085,000
      68,650 SF

      3083 Lk Mead Blvd

      MINI-WAREHOUSE, STORAGE • 68,650 SF
      3083 Lk Mead Blvd, North Las Vegas, NV 89032-4882
      View Details
    • Value Estimation by Request
      3,200 SF

      3475 Lk Mead Blvd

      WAREHOUSE, STORAGE • 3,200 SF
      3475 Lk Mead Blvd, North Las Vegas, NV 89032-5221
      View Details
    • Value Estimation by Request
      3,200 SF

      3425 Lk Mead Blvd

      WAREHOUSE, STORAGE • 3,200 SF
      3425 Lk Mead Blvd, North Las Vegas, NV 89032-5217
      View Details
    • Value Estimation by Request
      107,056 SF

      4280 Revere St

      MINI-WAREHOUSE, STORAGE • 107,056 SF
      4280 Revere St, North Las Vegas, NV 89032-6107
      View Details
    • Value Estimation
      $850,000
      9,509 SF

      2667 Cheyenne Ave

      WAREHOUSE, STORAGE • 9,509 SF
      2667 Cheyenne Ave, North Las Vegas, NV 89032-8213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,566 SF

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      Industrial space available in North Las Vegas, Nevada.
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    • $37,680,588
      190,306 SF

      Clayton Commerce Center: Industrial Gem

      ±190,306 SF Warehouse For Sale
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    • $2,449,425
      8,907 SF

      High-End Office & Warehouse Space

      Two-story office and warehouse in Cheyenne West Corporate Center.
      2645 W Cheyenne Ave, North Las Vegas, NV 89032
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    • $4,206,030
      14,758 SF

      Industrial Property in North Las Vegas

      Industrial property available for sale in North Las Vegas.
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    • Contact for pricing
      3.32 Acres

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      3.32 Acres, M-2 Zoning, Cheyenne Ave
      0 Cheyenne Ave, North Las Vegas, NV 89032
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    • $17,515,000
      56,500 SF

      North Las Vegas Industrial Park

      56,500 SF, 6.25% Cap Rate, NNN Lease
      3650 Cheyenne Ave, North Las Vegas, NV 89032
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    Similar Nearby for Lease

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      722,652 SF

      Link Desert Willow Logistics Center

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      North Las Vegas Warehouse Space

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      110 W Gowan Rd, North Las Vegas, NV 89032
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      182,184 SF

      Industrial Facility in North Las Vegas

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    • $1.22 SF/Yr
      116,048 SF

      North Las Vegas Business Park

      Professional office building with multiple units for lease.
      3650 North 5Th St, North Las Vegas, NV 89032
      View Details
    • $0.79 SF/Yr
      51,182 SF

      North Las Vegas Warehouse Space

      51,182 SF warehouse on 2.99 acres for lease.
      3908 N 5Th St, North Las Vegas, NV 89032
      View Details
    • Contact for pricing
      130,421 SF

      North Las Vegas Warehouse Space

      Available warehouse space in North Las Vegas.
      3670 N Commerce St, North Las Vegas, NV 89032
      View Details
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    North Las Vegas, NV 89032-7801
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    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
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