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Property profile & analytics
OFF-MARKET
Estimated value
$6,665,000
Warehouses
3225 Jones Blvd Las Vegas, NV 89108-4841
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US62-1294320
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,144 SF
Lot
2.69 ac (117,176 SF)
APN
138-11-804-025
UPID
US62-1294320
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
-
Extra Space Storage Storage Facility
-
Appealing Appliances LLC Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.67M
Owner & transaction history
Extra Space East One LLC · 14 yrs held
Extra Space East One LLC
since 2012
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$77 / 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
$55,137
Tax year 2023
Assessed value
$2,231,305
Assessed 2024
Previous assessed
$2,003,698
+11.4% YoY
Effective rate
2.47%
On assessed value
Assessed land
$266,575
Assessed improvement
$1,964,730
Land market value
$761,643
Improvement market value
$5,613,514
Total market value
$6,375,157
Applied tax rate
200.0000
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
517
Total area
86,144 SF
Lot
2.69 ac (117,176 SF)
APN
138-11-804-025
UPID
US62-1294320
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
517
Lot
2.69 ac
Current owner
From public records · entity-resolved
Extra Space East One LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2017
—
Extra Space Properties Ten LLC
—
Loan Modification
related
$50,000,000 · Bank Of America
Apr 5, 2012
—
Extra Space East One LLC
Extra Space Properties One LLC
Quit Claim Deed
related
$50,000,000 · Bank Of America
Jun 28, 2011
$3,350,000
Extra Space Properties Two LLC
Lm-jones Blvd Self Storage INC
Grant Deed
—
Mar 10, 2009
$6,700,000
Lm-jones Blvd Self Storage INC
Jones Blvd Self Storage LLC
Deed In Lieu Of Foreclosure
related
—
Apr 30, 2007
$6,960,000
Jones Blvd Self Storage LLC
Jones Of Cheyenne Storage LLC
Grant Deed
$6,700,000 · Legg Mason Real Estate Capital
Oct 27, 2005
—
Jones Of Cheyenne Storage LLC
—
Trustees Deed
related
$3,912,576 · Affinity Bank
Nov 10, 2004
—
Geoffrey D Commons
Commons,lourdes
Quit Claim Deed
related
—
Nov 10, 2004
$715,000
Jones Of Cheyenne Storage LLC
Commons,geoffrey D
Grant Deed
—
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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