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

    2986 Perimeter Rd North Las Vegas, NV

    • Office buildings
    • 20,000 SF
    • 162.05 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2023
    $3,200,000
    Value Estimations
    $3,225,000
    Show details
    Cap Rate Potential
    8.4%
    Office buildings
    Location Intelligence
    Property ID
    US62-0269277
    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

    • Office buildings

    Property Details for 2986 Perimeter Rd

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    162.05 lot acres
    Property size
    20,000 SF
    Property type
    Office buildings
    APN
    139-18-101-011
    APU
    13918101011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,505,000
      ML approach
      $3,280,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.202
    Latitude
    36.2134
    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
    $0.00
    $9,882,457
    $846,977
    $10,729,434
    -
    $28,235,591
    $2,419,934
    $30,655,525

    Comparable in this City

    • Value Estimation
      $2,120,000
      14,081 SF

      Unassigned Situs

      OFFICE BUILDING • 14,081 SF
      Unassigned Situs, Las Vegas, NV
      View Details
    • Value Estimation by Request
      1,525 SF

      Las Vegas, NV

      OFFICE BUILDING • 1,525 SF
      Las Vegas, NV
      View Details
    • Value Estimation by Request
      1,153 SF

      183 Andersen St

      OFFICE BUILDING • 1,153 SF
      183 Andersen St, Las Vegas, NV
      View Details
    • Value Estimation
      $2,645,000
      19,528 SF

      Las Vegas, NV

      OFFICE BUILDING • 19,528 SF
      Las Vegas, NV
      View Details
    • Value Estimation
      $590,000
      3,200 SF

      N

      OFFICE BUILDING • 3,200 SF
      N, Las Vegas, NV
      View Details
    • Value Estimation by Request
      0.56 Acres

      Unassigned Situs

      PROFESSIONAL BUILDING • 0.56 Acres
      Unassigned Situs, Las Vegas, NV
      View Details

    Similar Nearby for Sale

    • $298,888
      5,662 SF

      Kiosk-Ready Pad in Horizon Place

      0.13-acre pad with high visibility and traffic in Henderson, NV.
      Stephanie And Horizon Rdg, Henderson, NV
      View Details
    • $3,000,000

      Fish Creek Ranch Opportunity

      2597-acre ranch with water rights near Eureka, Nevada.
      Fish Crk Rd, Eureka, NV
      View Details
    • Contact for pricing

      3.6 Acres Commercial Land Available

      Commercial land suitable for gas station, store, or drive-thru.
      2310 S Nevada Hwy, Pahrump, NV
      View Details
    • Contact for pricing

      Corner Lot with Highway Access

      Corner lot with great view and easy highway access.
      2270 Naples Ct, Pahrump, NV
      View Details
    • $1,850,000

      Land Near Las Vegas Speedway

      Land with high traffic near Las Vegas Motor Speedway.
      6625 Speedway Blvd, North Las Vegas, NV
      View Details
    • $1,300,000
      6,680 SF

      Established Bar and Grocery Store

      Long-standing bar and grocery store with strong local customer base.
      3900 Carter Dr, Wellington, NV
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,950 SF

      New Office Park Near Hospital

      Office and medical buildings with generous tenant improvement allowance.
      Horizon Rdg Pkwy & Jeffreys St, Henderson, NV
      View Details
    • Contact for pricing
      4,962 SF

      Office Space with Valley Views

      Office space with freeway signage and structured parking available.
      8474 Rozita Lee Ave, Las Vegas, NV
      View Details
    • $1.95 SF/Yr
      7,741 SF

      Red Rock Business Center Office

      Two-story office center with mountain views and excellent amenities.
      6140 Brent Thurman Way, Las Vegas, NV
      View Details
    • $42 SF/Yr
      5,768 SF

      Modern Office Space in Las Vegas

      New office space in amenity-rich Southwest submarket.
      1 Meridian Vis Dr, Las Vegas, NV
      View Details
    • $4 SF/Yr
      14,585 SF

      Office Space with Freeway Signage

      Office space with structured parking and valley views available for rent.
      8488 Rozita Lee Ave, Las Vegas, NV
      View Details
    • Contact for pricing
      9,600 SF

      Sparks Warehouse with Office Space

      9,600 SF warehouse with 3,730 SF office space available.
      1375 Greg Pkwy, Sparks, NV
      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.
    2986 Perimeter Rd
    North Las Vegas, NV
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.