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Property profile & analytics
OFF-MARKET
Estimated value
$40,305,000
Warehouses
3200 Gowan Rd North Las Vegas, NV 89030-4436
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0401538
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
CONCRETE
Total area
266,152 SF
Lot
13.01 ac (566,716 SF)
APN
139-12-601-005
UPID
US62-0401538
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
-
Pride Mobility Industrial Manufacturer Production Facility
-
Quantum Western America Industrial Manufacturer Production Facility
-
Derse, Inc. Advertising Agency Marketing & Advertising
-
RW Garcia Warehouse & Storage
-
KeebooskisFreshKutFruitKups Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.27M
Comparable Approach
Comparable
$38.96M
Blend (final)
Blend
$40.31M
Owner & transaction history
Np Las Vegas Logistics 3 LLC · 1 yrs held
Np Las Vegas Logistics 3 LLC
since 2025
Last sale
$43.0M
7 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$39,285,000
6.5%
$36,265,000
7%
$33,675,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$53,175,000
Current use
Blend value · Realmo final
$40.31M
Range $36.27M – $44.34M · ±10% · vs last sale $43.00M (Mar 2 2025)
Last sale anchor
$43.00M
Mar 2 2025
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
$151 / 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
$156,360
Tax year 2023
Assessed value
$7,812,368
Assessed 2024
Previous assessed
$7,145,565
+9.3% YoY
Effective rate
2.00%
On assessed value
Assessed land
$2,231,444
Assessed improvement
$5,580,924
Land market value
$6,375,554
Improvement market value
$15,945,497
Total market value
$22,321,051
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
YES
Cooling
EVAPORATIVE
Stories
1
Total area
266,152 SF
Lot
13.01 ac (566,716 SF)
APN
139-12-601-005
UPID
US62-0401538
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
WAREHOUSE, STORAGE Current
Est. value
$53.2M
WAREHOUSE, STORAGE Current
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
YES
Cooling
Yes
Stories
1
Lot
13.01 ac
Current owner
From public records · entity-resolved
Np Las Vegas Logistics 3 LLC
Entity
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
$43,000,000
Np Las Vegas Logistics 3 LLC
Icon Pac Nevada Owner Pool 3 Nevada
Bargain & Sale Deed
$38,725,000 · Rga Reinsurance Company
Mar 11, 2024
—
Icon Pac Nevada Owner Pool 3 Nevada
—
Deed
related
—
Oct 4, 2019
—
Icon Pac Nevada Owner Pool 3 Nevada
—
Deed
related
—
May 20, 2015
—
Icon Pac Nevada Owner Pool 3
Bre Of Pac Nevada LLC
Grant Deed
related
$411,000,000 · Stanley Bk
Jul 3, 2012
$73,322,528
Par Industrial LLC
Prologis Na3 LLC
Deed In Lieu Of Foreclosure
—
Jul 20, 2007
—
Prologis Na3 LLC
Dp Industrial LLC
Grant Deed
—
Oct 30, 2003
—
Dp Industrial LLC
—
Trustees Deed
related
$3,052,000 · Bank Of America NA Trustee
Sep 25, 2003
$14,258,830
Dp Industrial LLC
Dermody Properties
Grant Deed
—
—
—
Bre Of Pac Nevada LLC
—
Deed Of Trust
related
$460,000,000 · Citibank NA
—
—
Icon Pac Nevad Owner Pool 3 Ne
—
Deed Of Trust
related
—
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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