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Property profile & analytics
OFF-MARKET
Estimated value
$10,820,000
Warehouses
3335 Meade Ave Las Vegas, NV 89102-7813
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1273357
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
57,052 SF
Lot
3.19 ac (138,956 SF)
APN
162-08-303-003
UPID
US62-1273357
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
-
Credit Experts Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.53M
CAP Approach
CAP
$8.14M
Comparable Approach
Comparable
$8.26M
Blend (final)
Blend
$10.82M
Owner & transaction history
Self Storage Portfolio Xvi Dst · 4 yrs held
Self Storage Portfolio Xvi Dst
since 2022
Last sale
$13.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.1M
+21.7%
Medical building
$15.7M
+11.7%
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
$12,770,000
ML approach
$9,525,000
CAP Approach
CAP Return
Estimation
6%
$8,820,000
6.5%
$8,140,000
7%
$7,560,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,065,000
Current use
OFFICE BUILDING
$17,110,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$15,700,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$10.82M
Range $9.74M – $11.90M · ±10% · vs last sale $13.11M (Jan 4 2022)
Last sale anchor
$13.11M
Jan 4 2022
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
$190 / 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
$20,923
Tax year 2023
Assessed value
$931,047
Assessed 2024
Previous assessed
$847,521
+9.9% YoY
Effective rate
2.25%
On assessed value
Assessed land
$508,232
Assessed improvement
$422,815
Land market value
$1,452,091
Improvement market value
$1,208,043
Total market value
$2,660,134
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
577
Total area
57,052 SF
Lot
3.19 ac (138,956 SF)
APN
162-08-303-003
UPID
US62-1273357
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
$14.1M
OFFICE BUILDING
Est. value
$17.1M
MEDICAL BUILDING
Est. value
$15.7M
WAREHOUSE, STORAGE Current
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
577
Lot
3.19 ac
Current owner
From public records · entity-resolved
Self Storage Portfolio Xvi Dst
Individual
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$13,114,000
Self Storage Portfolio Xvi Dst
Mhc 39 LLC
Bargain And Sale Deed
$117,000,000 · Key Bank NA
Jun 12, 2019
—
Mhc 39 Las Vegas Nv LLC
—
Loan Modification
related
$350,000,000 · Jp Morgan Chase Bk
Oct 19, 2018
$3,465,000
Mhc 39 LLC
Union Acquisition INC
Bargain And Sale Deed
$289,060,000 · Jpmorgan Chase Bank NA
Jun 16, 2009
$1,050,000
Union Acquisition INC
Diamond Meade LLC
Grant Deed
—
Sep 19, 2005
$1,800,000
Diamond Meade LLC
Gearing Family Trust
Grant Deed
—
May 8, 2001
$650,000
Eldon E Gearing
Busick Trust
Quit Claim Deed
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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