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    3458 E Patrick Ln Las Vegas, NV 89120
    Property profile & analytics

    3458 E Patrick Ln Las Vegas, NV 89120

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    • Commercial land
    For Sale
    $850,000
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    Commercial Land on Patrick Lane For Sale
    $850,000
    0.48 Acres

    Commercial Land on Patrick Lane

    0.48-acre commercial land with potential for various uses.

    3458 E Patrick Ln, Las Vegas, NV 89120
    View Listing
    Property ID
    US62-1249014
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McDonald's Patrick Lane / Restaurant / Take-out & Catering

    Property Details for 3458 E Patrick Ln

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    3458 E Patrick Lane is a .48-acre site at the SE intersection of Pecos and E Patrick Lane. This property may be purchased for $900,000. This site's planned land use is CM (Corridor Mixed-Use) and Zoning is presently RS20 (Residential Single Family 20). With a zoning change, this is an excellent potential site for fast food, drive-thru coffee, gas station, or retail use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.10058
    Latitude
    36.07943

    Comparable in this City

    • $795,000
      0.99 Acres

      Las Vegas Commercial Land Parcel

      Approximately one acre parcel in a fast-growing Las Vegas area.
      3515 E Sunset Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Approximately 0.49 acre of industrial land available for purchase.
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      6,084 SF

      Leased Investment Opportunity in Las Vegas

      Leased professional office building in a busy Las Vegas corridor.
      6188 S Sandhill Rd, Las Vegas, NV 89120
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      142,000 SF

      Leased Industrial Building in Las Vegas

      100% leased industrial building in the Airport Industrial submarket.
      6225 Annie Oakley Dr, Las Vegas, NV 89120
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    • Contact for pricing
      33,392 SF

      Las Vegas Warehouse Space

      33,392 SF warehouse space available in Las Vegas.
      Patrick Ln, Las Vegas, NV 89120
      View Details

    Similar Nearby for Sale

    • $795,000
      0.99 Acres

      Las Vegas Commercial Land Parcel

      Approximately one acre parcel in a fast-growing Las Vegas area.
      3515 E Sunset Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Approximately 0.49 acre of industrial land available for purchase.
      4211 W Oquendo Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      6,084 SF

      Leased Investment Opportunity in Las Vegas

      Leased professional office building in a busy Las Vegas corridor.
      6188 S Sandhill Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      142,000 SF

      Leased Industrial Building in Las Vegas

      100% leased industrial building in the Airport Industrial submarket.
      6225 Annie Oakley Dr, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      33,392 SF

      Las Vegas Warehouse Space

      33,392 SF warehouse space available in Las Vegas.
      Patrick Ln, Las Vegas, NV 89120
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sandhill Airport Park Flex Space

      Flex space in the Airport Industrial submarket of Las Vegas.
      6320 S Sandhill Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      811 SF

      Office and Warehouse Suite

      Office/warehouse suite near airport with no CAM expenses.
      6285 Mcleod Dr, Las Vegas, NV 89120
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      1,116 SF

      Industrial Space Near Airport

      Industrial space in master-planned park, convenient location.
      6265 Mcleod Dr, Las Vegas, NV 89120
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      2,300 SF

      Functional Flex Space in Las Vegas

      Flex space with offices, restroom, and easy freeway access.
      6255 Mcleod Dr, Las Vegas, NV 89120
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      16,320 SF

      Industrial Building with Freeway Access

      Multi-tenant industrial building with easy freeway access available for rent.
      3650 E Post Rd, Las Vegas, NV 89120
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      780 SF

      Well-Located Office Space Available

      Office space near airport with flexible layout and included HVAC.
      2680 Chandler Ave, Las Vegas, NV 89120
      View Details
    View Listing
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    Las Vegas, NV 89120
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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