Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3116 Lillis Ave North Las Vegas, NV 89030-6677
    Back to Search
    Property profile & analytics

    3116 Lillis Ave, North Las Vegas, NV 89030-6677

    View on Map
    • Mobile home & RV parks
    • 0.11 lot acres
    Off-Market
    Last Sale Mar 11, 2022
    $85,000
    Property ID
    US62-0454326
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 3116 Lillis Ave

    Year built
    1971
    Lot size
    0.11 lot acres
    Property type
    Mobile home & RV parks
    APN
    139-24-510-093
    APU
    13924510093

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 11, 2022 $85,000 Adriana Gutierrez Muniz Sergio A Trevizo Bargain And Sale Deed —
    Dec 9, 1994 $23,500 Sergio A Trevizo Gorman,jerome & Victoria M Grant Deed $12k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.105
    Latitude
    36.2028
    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
    $370
    $21,000
    $2,359
    $23,359
    -
    $60,000
    $6,740
    $66,740

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      3300 Bartlett Ave

      MOBILE HOME PARK, TRAILER PARK
      3300 Bartlett Ave, North Las Vegas, NV 89030-6640
      View Details
    • Value Estimation by Request
      0.11 Acres

      3112 Broadway Ave

      MOBILE HOME PARK, TRAILER PARK
      3112 Broadway Ave, North Las Vegas, NV 89030-5931
      View Details
    • Value Estimation by Request
      0.12 Acres

      3025 Broadway Ave

      MOBILE HOME PARK, TRAILER PARK
      3025 Broadway Ave, North Las Vegas, NV 89030-5974
      View Details
    • Value Estimation by Request
      0.11 Acres

      3108 Cypress Ave

      MOBILE HOME PARK, TRAILER PARK
      3108 Cypress Ave, North Las Vegas, NV 89030-5965
      View Details
    • Value Estimation by Request
      0.11 Acres

      3024 Cypress Ave

      MOBILE HOME PARK, TRAILER PARK
      3024 Cypress Ave, North Las Vegas, NV 89030-5948
      View Details
    • Value Estimation by Request
      0.11 Acres

      3116 Cypress Ave

      MOBILE HOME PARK, TRAILER PARK
      3116 Cypress Ave, North Las Vegas, NV 89030-5965
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      22-Unit Multifamily Portfolio in Nevada

      22-unit multifamily property in North Las Vegas redevelopment area.
      2105 Donna St, N Las Vegas, NV 89030
      View Details
    • Contact for pricing
      3,180 SF

      Turnkey Fourplex Investment Property

      Fully rented, renovated fourplex with new plumbing and private parking.
      2105 N Webster St, North Las Vegas, NV 89030
      View Details
    • $600,000
      2,790 SF

      Tenant-Occupied Fourplex Investment Opportunity

      Fully occupied fourplex in North Las Vegas with immediate cash flow.
      2240 Webster St, North Las Vegas, NV 89030
      View Details
    • $649,999

      Upgraded Fourplex with New Roof

      Well-maintained fourplex featuring recent high-quality upgrades and ample parking.
      2141 Webster St, North Las Vegas, NV 89030
      View Details

    Similar Nearby for Lease

    • $1,150 /Mo

      Remodeled Duplex with Yard

      Recently remodeled 2-bedroom duplex with yard and storage shed.
      2215 Daley St, North Las Vegas, NV 89030
      View Details
    • $1.25 SF/Yr

      Retail Center on Pecos Road

      Neighborhood retail center with high visibility and ample parking.
      3523 N Pecos Rd, North Las Vegas, NV 89030
      View Details
    • Contact for pricing

      Former CVS Retail Space Available

      Prime retail space for lease in Las Vegas, Nevada.
      3485 East Owens Ave, Las Vegas, NV 89030
      View Details
    • Contact for pricing
      4,840 SF

      Retail Space For Lease

      Retail space available for lease in North Las Vegas.
      2575 E Craig Rd, North Las Vegas, NV 89030
      View Details
    • Contact for pricing
      1,610 SF

      Flex Space with Warehouse

      Flex space featuring office and warehouse components for rent.
      595 E Brooks Ave, North Las Vegas, NV 89030
      View Details
    • Contact for pricing

      North Las Vegas Office Spaces

      Office spaces available for rent in North Las Vegas.
      2225 Civic Center Dr, North Las Vegas, NV 89030
      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.
    3116 Lillis Ave
    North Las Vegas, NV 89030-6677
    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

    Thank You for Inquiry
    3116 Lillis Ave, North Las Vegas, NV, 89030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!