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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Manufacturing properties
3644 Sunset Rd Las Vegas, NV 89120-7243
Entity Owned
Free & Clear
Property ID
US62-0283357
Property summary
AI-generated overview
This exceptional 14,143-square-foot industrial property, located at 3644 E. Sunset Rd., Las Vegas, NV 89120, presents a unique opportunity. Situated on a single story building, this versatile space boasts a 20-foot clear ceiling height, making it ideal for various manufacturing, flex, warehouse, distribution, or R&D uses. The property features four 12'x14' drive-in doors, providing convenient access for loading and unloading. Power is substantial, with a 1,200 Amp, 120/208V, 3-phase main switchgear. The existing +/- 1,150 square foot office space includes a reception area, three private offices, a conference room, a break area with built-in cabinets and sink, and two restrooms. The warehouse area benefits from evaporative cooling and fire sprinklers. The property is zoned M-D and has a total vacant space of 14,143 square feet, divisible into four units as small as approximately 3,138 square feet each. The cross street is S. Pecos Rd., and the APN is 161-31-412-009. This property is also available for sale.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
FRAME
Total area
13,874 SF
APN
161-31-412-009
UPID
US62-0283357
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
-
RT Furniture & Design Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
David Rozen INC
David Rozen INC
since 2025
Last sale
$3.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+1.5%
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 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
$2,655,000
ML approach
$2,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,765,000
Current use
MEDICAL BUILDING
$3,820,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10% · vs last sale $3.55M (May 11 2025)
Last sale anchor
$3.55M
May 11 2025
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
$197 / 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
$11,600
Tax year 2023
Assessed value
$568,039
Assessed 2024
Previous assessed
$510,071
+11.4% YoY
Effective rate
2.04%
On assessed value
Assessed land
$53,415
Assessed improvement
$514,624
Land market value
$152,614
Improvement market value
$1,470,354
Total market value
$1,622,968
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
13,874 SF
APN
161-31-412-009
UPID
US62-0283357
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
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
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
David Rozen INC
Entity
Free & Clear · 0 yrs held
Mailing address
7980 GRADO EL TUPELO, CARLSBAD, CA 92009-9024
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
$3,550,000
David Rozen INC
Night Oak LLC
Bargain & Sale Deed
—
Apr 29, 2021
$2,300,000
Night Oak LLC Series C
Defcon Properties LLC
Bargain And Sale Deed
$405,000 · America First FCU
Dec 8, 2011
$806,151
Defcon Properties LLC
Tahoe 7 Properties LLC
Grant Deed
$408,500 · Zions First National Bank
Jul 19, 2007
$1,614,423
Tahoe 7 Properties LLC
Sunset & Pecos Equity Inv LLC
Grant Deed
$1,260,000 · Service First Bank
—
—
Defcon Properties LLC
—
Deed Of Trust
related
$339,000 · Mortgage Capital Dev Corp
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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