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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Warehouses
3175 Nellis Blvd Las Vegas, NV 89121-7545
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0433703
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,174 SF
Lot
1.09 ac (47,480 SF)
APN
161-08-810-084
UPID
US62-0433703
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
-
Laundromat Express Free Dry #1 (Bike/Boat/Book/etc) Store
-
U-Store Storage Facility
-
Budget Truck Rental Car Rental Facility
-
Nellis Self Storage Storage Facility
-
Scott M Holper Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$4.07M
Owner & transaction history
Mike Douglas · 4 yrs held
Mike Douglas
since 2021
Last sale
$3.8M
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
$4,360,000
ML approach
$4,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±10% · vs last sale $3.78M (Aug 31 2021)
Last sale anchor
$3.78M
Aug 31 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
$70 / 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
$34,190
Tax year 2023
Assessed value
$1,341,788
Assessed 2024
Previous assessed
$1,212,025
+10.7% YoY
Effective rate
2.55%
On assessed value
Assessed land
$137,099
Assessed improvement
$1,204,689
Land market value
$391,711
Improvement market value
$3,441,969
Total market value
$3,833,680
Applied tax rate
340.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OIL
Cooling
EVAPORATIVE
Buildings
3
Stories
2
Units
400
Total area
58,174 SF
Lot
1.09 ac (47,480 SF)
APN
161-08-810-084
UPID
US62-0433703
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OIL
Cooling
Yes
Stories
2
Buildings
3
Units
400
Lot
1.09 ac
Current owner
From public records · entity-resolved
Mike Douglas
Individual
Mailing address
490 MOORE RD, WOODSIDE, CA 94062-1107
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
Mike Douglas
Mike Douglas
Intrafamily Transfer
related
$3,180,000 · Kinecta FCU
Aug 16, 2018
$3,775,000
Douglas Family Trust
Nellis Self Storage LLC
Grant Deed
$2,660,000 · Kinecta FCU
Oct 1, 2015
$2,850,000
Nellis Self Storage LLC
U Store One LP
Grant Deed
$2,150,000 · U Store One LP
Apr 27, 2000
$680,000
U Store One LP
Hermanson Trust
Grant Deed
$1,787,000 · Community Bank Nevada
—
—
Nellis Self Storage LLC
—
Deed Of Trust
related
$2,230,000 · Byline Bk
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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