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Property profile & analytics
OFF-MARKET
Estimated value
$5,170,000
Warehouses
3470 John Peter Lee St North Las Vegas, NV 89032-8918
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0607423
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
METAL FRAME
Total area
23,525 SF
Lot
1.01 ac (43,996 SF)
APN
139-10-310-013
UPID
US62-0607423
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
$5.17M
CAP Approach
CAP
$3.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.17M
Owner & transaction history
R&m 3470 LLC · 1 yrs held
R&m 3470 LLC
since 2024
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+130.8%
Medical building
$6.8M
+106.1%
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$5,170,000
ML approach
$5,170,000
CAP Approach
CAP Return
Estimation
6%
$3,475,000
6.5%
$3,205,000
7%
$2,975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,295,000
Current use
OFFICE BUILDING
$7,610,000
Change: +131% · Conversion: Difficult
MEDICAL BUILDING
$6,795,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$5.17M
Range $4.65M – $5.69M · ±10% · vs last sale $5.17M (Sep 13 2024)
Last sale anchor
$5.17M
Sep 13 2024
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
$220 / 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
$21,498
Tax year 2023
Assessed value
$785,465
Assessed 2024
Previous assessed
$711,040
+10.5% YoY
Effective rate
2.74%
On assessed value
Assessed land
$192,483
Assessed improvement
$592,982
Land market value
$549,951
Improvement market value
$1,694,234
Total market value
$2,244,185
Applied tax rate
250.0000
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
Off-Market
Year built
2016
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
23,525 SF
Lot
1.01 ac (43,996 SF)
APN
139-10-310-013
UPID
US62-0607423
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
$3.3M
OFFICE BUILDING
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$6.8M
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
2016
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
R&m 3470 LLC
Entity
Mailing address
2875 N LAMB BLVD STE #11, LAS VEGAS, NV 89115-3492
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
R&m 3470 LLC
Lucky Dog Holdings LLC
Re-recorded Document
related
—
Sep 13, 2024
$5,170,000
R&m 3470 LLC
Lucky Dog Holdings LLC
Bargain And Sale Deed
$2,670,000 · Lucky Dog Holdings LLC
May 24, 2021
—
Lucky Dog Holdings LLC
—
Deed
related
$675,300 · Wells Fargo Bank NA
Jun 18, 2020
—
Lucky Dog Holdings LLC
—
Deed
related
$853,488 · Valley Bk/nv
Mar 12, 2020
—
Lucky Dog Holdings LLC
—
Deed
related
$890,000 · Mortgage Cap Dev
Oct 17, 2017
—
Lucky Dog Holdings LLC
—
Deed
related
$1,437,704 · Valley Bk/nv
Apr 5, 2016
—
Lucky Dog Holdings LLC
—
Trustees Deed
related
$641,600 · Valley Bk/nv
Mar 6, 2015
$200,000
Lucky Dog Holdings LLC
Lee John P Family Trust
Grant Deed
related
$160,000 · Lee John P Family Trust (pt)
—
—
Lucky Dog Holdings LLC
—
Deed Of Trust
related
$864,337 · Valley Bk/nv
—
—
Lucky Dog Holdings LLC
—
Loan Modification
related
$853,488 · Valley Bk/nv
—
—
Lucky Dog Holdings LLC
—
Deed Of Trust
related
$802,000 · Valley Bk/nv
—
—
Lucky Dog Holdings LLC
—
Deed Of Trust
related
$170,000 · Miscellaneous Govt Agcy
—
—
Lucky Dog Holdings LLC
—
Loan Modification
related
$1,437,704 · Valley Bk/nv
—
—
Lucky Dog Holdings LLC
—
Deed Of Trust
related
$890,000 · Mortgage Cap Dev
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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