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Property profile & analytics
OFF-MARKET
Estimated value
$10,305,000
Industrial properties
3111 Vly Vw Blvd Las Vegas, NV 89102-8317
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0381769
Property summary
AI-generated overview
Location One Commerce Center, situated at 3111 S Valley View Blvd, Las Vegas, NV 89102, offers 1,400 square feet of immediately available flex/warehouse space. This Class C industrial property, built in 1979, features a two-story building with a 12-foot ceiling height. The unit includes one drive-in door (10' x 10'), convenient for loading and unloading. Power is supplied by a 100-amp single-phase 120/240-volt system. Security cameras are installed on the property for added peace of mind. The space benefits from 100% HVAC. The property boasts a parking ratio of 2.75 spaces per 1,000 square feet. The lease expires November 30, 2025, with the next base rent escalation scheduled for November 30, 2024, at a 5% increase. This versatile space is ideal for a variety of businesses seeking a functional and secure location in Las Vegas. The property is multi-tenant. This is a fantastic opportunity to secure a well-located industrial space in a thriving market. Inquire today to learn more about this exceptional offering.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
148,792 SF
Lot
28.22 ac (1,229,263 SF)
APN
162-07-802-013
UPID
US62-0381769
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
-
AA Slots Company Machine Repair Service
-
Drew's Plumbing Plumbing Service General Contractor
-
Outback Steakhouse Regnl Office Restaurant
-
Swift Electrical Services Electrical Service General Contractor
-
Good CBD.com (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.31M
Owner & transaction history
Harsch Inv Props-nevada II LLC · 13 yrs held
Harsch Inv Props-nevada II LLC
since 2012
5 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 Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,730,000
6.5%
$13,600,000
7%
$12,625,000
Blend value · Realmo final
$10.31M
Range $9.27M – $11.34M · ±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
$69 / 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
$218,770
Tax year 2023
Assessed value
$8,868,758
Assessed 2024
Previous assessed
$8,083,221
+9.7% YoY
Effective rate
2.47%
On assessed value
Assessed land
$3,786,130
Assessed improvement
$5,082,628
Land market value
$10,817,514
Improvement market value
$14,521,794
Total market value
$25,339,308
Applied tax rate
410.0000
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
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
21
Stories
1
Total area
148,792 SF
Lot
28.22 ac (1,229,263 SF)
APN
162-07-802-013
UPID
US62-0381769
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
21
Lot
28.22 ac
Current owner
From public records · entity-resolved
Harsch Inv Props-nevada II LLC
Entity
Mailing address
1121 SW SALMON ST STE #500, PORTLAND, OR 97205-2022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
—
Schnitzer Properties Nevada II LLC
—
Deed
related
$49,000,000 · Voya Investment Management LLC
Aug 3, 2012
—
Harsch Inv Props-nevada II LLC
Harsch Inv Props-nevada LLC
Quit Claim Deed
related
$63,214,875 · Metropolitan Life Insurance
Jan 31, 1997
$25,000,000
Sf Nevada LLC
Location #1 Ltd
Grant Deed
—
Feb 2, 1993
$250,000
Location #1 Ltd
Unknown
Grant Deed
—
—
—
Inv Properties Nevada Harsch
—
Deed Of Trust
related
$22,000,000 · Ausa Life Insurance Co INC
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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