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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Warehouses
3225 Nellis Blvd Las Vegas, NV 89121-2011
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0026601
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
STEEL FRAME
Total area
59,600 SF
Lot
2.19 ac (95,396 SF)
APN
161-08-810-064
UPID
US62-0026601
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
-
Safeguard Mini Storage Storage Facility
-
Life Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
Life Storage 596 LLC · 5 yrs held
Life Storage 596 LLC
since 2021
Last sale
$4.0M
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
$4,560,000
ML approach
$4,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±10% · vs last sale $3.95M (Mar 15 2021)
Last sale anchor
$3.95M
Mar 15 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
$72 / 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
$23,448
Tax year 2023
Assessed value
$923,492
Assessed 2024
Previous assessed
$854,341
+8.1% YoY
Effective rate
2.54%
On assessed value
Assessed land
$275,456
Assessed improvement
$648,036
Land market value
$787,017
Improvement market value
$1,851,531
Total market value
$2,638,548
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
1995
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
433
Total area
59,600 SF
Lot
2.19 ac (95,396 SF)
APN
161-08-810-064
UPID
US62-0026601
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
1995
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
433
Lot
2.19 ac
Current owner
From public records · entity-resolved
Life Storage 596 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6467 MAIN ST STE #200, WILLIAMSVILLE, NY 14221-5856
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
Mar 15, 2021
—
Life Storage 596 LLC
Life Storage LP
Quit Claim Deed
related
—
Oct 27, 2015
$3,950,000
Sgnv 3225 S Nellis Blvd LLC
Chubbs LLC
Bargain And Sale Deed
$100,000,000 · Citibank NA
Sep 14, 2006
$4,300,000
Chubbs LLC
Sunrise Mini Storage
Bargain And Sale Deed
$3,100,000 · Lehman Brothers Bank Fsb
Sep 14, 2006
—
Chubbs LLC
Chubbs LLC
Quit Claim Deed
—
Jan 10, 1994
$355,000
Sunrise Mini Storage
Great American P
Grant Deed
$270,000 · Seller
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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