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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Industrial properties
3236 Meade Ave Las Vegas, NV 89102-7811
Entity Owned
~
Est. High Equity
Property ID
US62-0457326
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
STEEL FRAME
Total area
5,166 SF
Lot
0.52 ac (22,651 SF)
APN
162-08-301-012
UPID
US62-0457326
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.55M
Owner & transaction history
Bfp Commercial Properties INC
Bfp Commercial Properties INC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+87.0%
Office building
$1.6M
+29.2%
Medical building
$1.4M
+18.6%
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
$1,610,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,200,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,245,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$1,550,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$1,420,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.40M (May 3 2021)
Last sale anchor
$1.40M
May 3 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
$300 / 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
$6,360
Tax year 2023
Assessed value
$213,483
Assessed 2024
Previous assessed
$194,545
+9.7% YoY
Effective rate
2.98%
On assessed value
Assessed land
$87,206
Assessed improvement
$126,277
Land market value
$249,160
Improvement market value
$360,791
Total market value
$609,951
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
5,166 SF
Lot
0.52 ac (22,651 SF)
APN
162-08-301-012
UPID
US62-0457326
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Bfp Commercial Properties INC
Entity
Mailing address
PO BOX 1177, WILMINGTON, CA 90748-1177
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
—
Bfp Commercial Properties INC
B&c Properties INC
Quitclaim Deed
related
—
May 3, 2021
$1,395,000
B&c Properties INC
Russell Warner INC
Bargain And Sale Deed
—
Aug 14, 2013
$780,000
Russell-warner INC
Jhs LLC
Grant Deed
—
Sep 24, 2004
—
Jhs LLC
Gill Family Trust
Grant Deed
related
—
Oct 14, 1991
$43,000
Gill Family Trust
Unknown
Grant Deed
—
—
—
Gbi Trust
—
Deed Of Trust
related
$180,000 · Sun State Bank
—
—
Gill Trust
—
Deed Of Trust
related
$180,000 · Nevada First Bank
—
—
Gill Trust
—
Deed Of Trust
related
$350,000 · Nevada First Bank
—
—
Gill Trust
—
Deed Of Trust
related
$150,000 · Sun State Bank
—
—
Jhs LLC
—
Deed Of Trust
related
$350,000 · Service First Bank
—
—
Jhs LLC
—
Deed Of Trust
related
$605,000 · Service First Bank
—
—
Jhs LLC
—
Deed Of Trust
related
$620,000 · Nevada First Bank
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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