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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Warehouses
3585 Highland Dr Las Vegas, NV 89103-5737
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0384079
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1976
Construction
STEEL FRAME
Total area
47,716 SF
Lot
2.24 ac (97,574 SF)
APN
162-17-218-001
UPID
US62-0384079
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
-
A&L Vending Big Box & Wholesale Store
-
Promoter Now - Las Vegas Club Promoter & Bottle Service Event Planning Wedding Service
-
Strip Club Concierge Las Vegas Nightclub Bar & Pub
-
Ace kitchen Equipment LLC Big Box & Wholesale Store
-
LVMJ Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.83M
Owner & transaction history
Pacific Place Site LLC · 2 yrs held
Pacific Place Site LLC
since 2024
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
$80 / 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
$17,338
Tax year 2023
Assessed value
$685,173
Assessed 2024
Previous assessed
$625,978
+9.5% YoY
Effective rate
2.53%
On assessed value
Assessed land
$384,198
Assessed improvement
$300,975
Land market value
$1,097,709
Improvement market value
$859,929
Total market value
$1,957,638
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
595
Total area
47,716 SF
Lot
2.24 ac (97,574 SF)
APN
162-17-218-001
UPID
US62-0384079
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
1976
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
595
Lot
2.24 ac
Current owner
From public records · entity-resolved
Pacific Place Site LLC
Entity
Mailing address
6330 SPG MTN RD STE D, LAS VEGAS, NV 89146-8843
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
—
Pacific Place Site LLC
—
Deed
related
$45,000,000 · Barclays Capital Real Estate INC
May 16, 2024
—
Pacific Place Site LLC
Plaza Vegas I LLC
Re-recorded Document
related
—
Sep 19, 2019
—
Pacific Place Site LLC
—
Grant Deed
related
$44,000,000 · Bds III Mtg Cap B LLC
Jan 10, 2018
$36,260,000
Pacific Place Site LLC
Plaza Vegas I LLC
Trustees Deed
$43,000,000 · Ribeiro Business Trust (ct)
Oct 1, 2013
—
Plaza Vegas I LLC
Plaza Vegas LLC
Quit Claim Deed
related
—
Apr 27, 2012
—
Plaza Vegas LLC
Plaza Vegas LLC
Quit Claim Deed
related
—
Jun 25, 2010
—
3315 Spring Mountain LLC
—
Deed Of Trust
related
$9,544,167 · Bank Of America
Jun 8, 2006
—
Ribeiro Johnny A JR Fam Trust
Ribeiro,johnny A JR
Quit Claim Deed
related
$10,000,000 · Bank Of America
Jun 16, 2003
$500,000
Johnny A Ribeiro
Arroyo,tr
Grant Deed
—
Jun 16, 2003
$1,025,000
Arroyo,tr
A & R LP
Grant Deed
—
Dec 29, 1988
$162,000
A & R Partnership
Unknown
Grant Deed
—
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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