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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Manufacturing properties
2950 Commerce St North Las Vegas, NV 89030-3945
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0070556
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Construction
STEEL FRAME
Total area
4,800 SF
Lot
0.47 ac (20,473 SF)
APN
139-15-610-002
UPID
US62-0070556
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
-
8 A Advertising (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Mpta LLC · 4 yrs held
Mpta LLC
since 2021
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$980,000
+24.9%
Warehouse, storage
$960,000
+22.0%
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
$590,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$785,000
Current use
RETAIL STORES
$980,000
Change: +25% · Conversion: Moderate
WAREHOUSE, STORAGE
$960,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $675k (Dec 1 2021)
Last sale anchor
$675k
Dec 1 2021
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
$126 / 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
$4,570
Tax year 2023
Assessed value
$191,595
Assessed 2024
Previous assessed
$176,554
+8.5% YoY
Effective rate
2.39%
On assessed value
Assessed land
$91,361
Assessed improvement
$100,234
Land market value
$261,031
Improvement market value
$286,383
Total market value
$547,414
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
4,800 SF
Lot
0.47 ac (20,473 SF)
APN
139-15-610-002
UPID
US62-0070556
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
INDUSTRIAL (GENERAL) Current
Est. value
$785,000
RETAIL STORES
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$960,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1994
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Mpta LLC
Entity
Mailing address
2912 N COMMERCE ST, NORTH LAS VEGAS, NV 89030-3945
Ownership since
2021
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
Dec 1, 2021
$675,000
Mpta LLC
Ochoa INC
Bargain And Sale Deed
$540,000 · Zb NA
Oct 24, 2016
—
Ochoa INC
—
Deed
related
$250,000 · Eam Properties LLC
Jun 9, 2006
$305,537
Jose M Ochoa
Ochoa INC
Grant Deed
related
—
Mar 7, 2005
—
Ochoa INC
Ochoa 1996 Trust
Quit Claim Deed
—
Aug 16, 2004
—
Jose M Ochoa
Ochoa INC
Quit Claim Deed
related
—
Jul 13, 2004
—
Jose M Ochoa
Ochoa 1996 Trust
Quit Claim Deed
related
$250,000 · Southwest USA Bank
Sep 19, 1990
$51,040
Jose M Ochoa
Unknown
Grant Deed
—
—
—
Ochoa INC
—
Deed Of Trust
related
$250,000 · Eam Properties LLC
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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