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Property profile & analytics
OFF-MARKET
Estimated value
$5,875,000
Warehouses
3105 Coleman St North Las Vegas, NV 89032-3807
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-1006912
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
CONCRETE
Total area
25,093 SF
Lot
1.61 ac (70,132 SF)
APN
139-17-510-037
UPID
US62-1006912
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
-
VS MODERN WORKS Metal Fabrication Plant Factory
-
Vision 702 Video Editing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.88M
Owner & transaction history
United States Small Business Admin · 2 yrs held
United States Small Business Admin
since 2024
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.1M
+130.8%
Medical building
$7.3M
+106.1%
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
$5,875,000
ML approach
$5,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,115,000
Change: +131% · Conversion: Difficult
MEDICAL BUILDING
$7,250,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$5.88M
Range $5.29M – $6.46M · ±10% · vs last sale $5.88M (Mar 11 2024)
Last sale anchor
$5.88M
Mar 11 2024
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
$234 / 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
$22,300
Tax year 2023
Assessed value
$882,994
Assessed 2024
Previous assessed
$770,136
+14.7% YoY
Effective rate
2.53%
On assessed value
Assessed land
$257,735
Assessed improvement
$625,259
Land market value
$736,386
Improvement market value
$1,786,454
Total market value
$2,522,840
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
25,093 SF
Lot
1.61 ac (70,132 SF)
APN
139-17-510-037
UPID
US62-1006912
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
OFFICE BUILDING
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$7.3M
OFFICE BUILDING
MEDICAL BUILDING
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
2003
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
United States Small Business Admin
Individual
Mailing address
3031 COLEMAN ST, NORTH LAS VEGAS, NV 89032-3801
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
United States Small Business Admin
3105 Coleman St LLC
Assignment Of Lease (leasehold Sale)
$2,406,000 · The Mortgage Capital Development Corp
Mar 11, 2024
$5,875,000
3105 Coleman St LLC
Nlv Tequila Bottling LLC
Bargain And Sale Deed
$2,983,100 · Meadows Bank
May 1, 2019
$3,125,000
Nlv Tequila Bottling LLC
3105 Coleman LLC
Grant Deed
$1,562,500 · Valley Bk/nv
May 1, 2019
—
Valley Bk Of Nv
—
Deed
related
$1,562,500 · Mortgage Cap Dev
Jun 20, 2016
—
3105 Coleman LLC
Tropeco Plaza Equity Partners
Grant Deed
related
—
Jul 31, 2014
—
3105 Coleman LLC
Tropeco Plaza Equity Partners
Warranty Deed
related
—
Jun 17, 2008
—
Tropeco Plaza Equity Ptrs LLC
Mohsenin,nuri N
Grant Deed
$2,200,000 · Centennial Bank
Apr 18, 2008
$3,250,000
Nuri N Mohsenin
Gfi Properties LLC
Grant Deed
$2,148,000 · Westcor 1031 Exchange Co
—
—
Valley Bk Of Nv
—
Deed Of Trust
related
$1,562,500 · Mortgage Cap Dev
—
—
Tropeco Plaza Equity Partners
—
Loan Modification
related
$2,200,000 · Alliance Bk/az
—
—
Gfi Properties LLC
—
Deed Of Trust
related
$874,000 · New Ventures Capital Dev 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.
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