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Property profile & analytics
FOR LEASE
Warehouses
3245 E Patrick Ln G Las Vegas, NV 89120
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0295044
For Lease
1 / 2
$5,575,000
3245 E Patrick Ln,Unit G, Las Vegas, NV 89120
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
CONCRETE
Total area
86,016 SF
Lot
4.83 ac (210,395 SF)
APN
162-36-702-003
UPID
US62-0295044
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
-
Soft Serve Parts Inc Big Box & Wholesale Store
-
Sho-Link Inc Business Service Center Conference Center
-
Rasa Floors General Contractor Renovation Specialist
-
Jet Gasket & Seal Co Metal Fabrication Plant Industrial Manufacturer
-
AAA Radiator Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.58M
Owner & transaction history
Icon Pac Nevada Owner Pool 3 · 11 yrs held
Icon Pac Nevada Owner Pool 3
since 2015
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
$65 / 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
$43,701
Tax year 2023
Assessed value
$1,770,883
Assessed 2024
Previous assessed
$1,527,902
+15.9% YoY
Effective rate
2.47%
On assessed value
Assessed land
$736,383
Assessed improvement
$1,034,500
Land market value
$2,103,951
Improvement market value
$2,955,714
Total market value
$5,059,665
Applied tax rate
470.0000
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
For Lease
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
86,016 SF
Lot
4.83 ac (210,395 SF)
APN
162-36-702-003
UPID
US62-0295044
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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.83 ac
Current owner
From public records · entity-resolved
Icon Pac Nevada Owner Pool 3
Individual
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
—
Icon Pac Nevada Owner Pool 3 Nevada
—
Deed
related
$352,500,000 · Bank Of Montreal
Oct 4, 2019
—
Icon Pac Nevad Owner Pool 3 Ne
—
Grant 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
—
Dec 24, 1990
$525,850
Properties Dermody
Unknown
Grant Deed
—
—
—
Bre Of Pac Nevada LLC
—
Deed Of Trust
related
$460,000,000 · Citibank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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