New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,925,000
Office buildings
3575 Cheyenne Ave North Las Vegas, NV 89032-8257
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0463932
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
CONCRETE
Total area
33,869 SF
Lot
4.77 ac (207,781 SF)
APN
139-17-101-005
UPID
US62-0463932
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
-
Enviro-Con Integrated Solutions, Ltd. Environmental Consultant Environmental Health Service
-
Las Vegas Custom Signs (Bike/Boat/Book/etc) Store Printing Service
-
MobilityWorks Car Dealership
-
Silverstate Industrial Services Inc Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.35M
Blend (final)
Blend
$15.93M
Owner & transaction history
Cheyenne Owner LLC · 4 yrs held
Cheyenne Owner LLC
since 2021
Last sale
$20.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.2M
+38.8%
Auto repair, garage
$13.9M
+26.5%
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
by Request
ML approach
$10,695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,210,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,860,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$9,785,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$15.93M
Range $14.33M – $17.52M · ±10% · vs last sale $20.85M (Jul 23 2021)
Last sale anchor
$20.85M
Jul 23 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
$470 / 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
$69,855
Tax year 2023
Assessed value
$3,060,499
Assessed 2024
Previous assessed
$2,815,509
+8.7% YoY
Effective rate
2.28%
On assessed value
Assessed land
$581,787
Assessed improvement
$2,478,712
Land market value
$1,662,249
Improvement market value
$7,082,034
Total market value
$8,744,283
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
33,869 SF
Lot
4.77 ac (207,781 SF)
APN
139-17-101-005
UPID
US62-0463932
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
OFFICE BUILDING Current
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$9.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2006
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
4.77 ac
Current owner
From public records · entity-resolved
Cheyenne Owner LLC
Entity
Mailing address
433 S SPG ST STE #700, LOS ANGELES, CA 90013-2043
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2021
$20,850,000
Cheyenne Owner LLC
Bkm Cheyenne 104 LLC
Bargain And Sale Deed
$15,625,171 · Citizens Bank NA
Feb 19, 2020
—
Bkm Cheyenne 104 LLC
—
Deed
related
$15,512,000 · Bank Of America
Dec 14, 2017
—
Bkm Cheyenne 104 LLC
—
Grant Deed
related
$15,512,000 · Bank Of America
Nov 17, 2014
—
Bkm Cheyenne 104 LLC
Cheyenne Technology Center LLC
Quit Claim Deed
related
—
Nov 7, 2014
$18,415,000
Bkm Cheyenne 104 LLC
Cheyenne Technology Center INC
Grant Deed
related
$15,512 · Pccp Credit Vi Reit-sub Holdco
Feb 12, 2013
—
West Cheyenne Ave Partners LLC
Bank Of America
Grant Deed
related
—
Jan 24, 2013
—
West Cheyenne Ave Partners LLC
Bank Of America
Grant Deed
related
—
Jun 26, 2012
$11,900,000
West Cheyenne Ave Partners LLC
Bank Of America NA
Bargain And Sale Deed
$9,650,000 · Wells Fargo Bank NA
Dec 2, 2011
$10,479,000
Bank Of America
Nevada Title Co
Trustees Deed
related
—
Aug 21, 2009
—
Jackson-shaw Of Northport III
—
Deed Of Trust
related
$12,936,658 · Bank Of America
Feb 21, 2003
—
Jackson-shaw/nevada INC
—
Deed Of Trust
related
$1,353,000 · Silver State Bank
—
—
Bkm Cheyenne 104 LLC
—
Loan Modification
related
$15,512,000 · Bank Of America
—
—
Cheyenne Technology Center LLC
—
Deed Of Trust
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.
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?”
You own 3575 Cheyenne Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
