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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3650 Reno Ave Las Vegas, NV 89118-1791

    • Warehouses
    • 11,431 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2022
    $3,450,000
    Value Estimations
    $3,170,000
    Show details
    Cap Rate Potential
    2.8%
    Warehouses
    Location Intelligence
    Property ID
    US62-0371820
    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.

    Current Use by Public Records

    • Stephanie Styles Design / Interior Design / Home Decor Store

    Property Details for 3650 Reno Ave

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    11,431 SF
    Property type
    Warehouses
    APN
    162-29-110-006
    APU
    16229110006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,895,000
      ML approach
      $2,885,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,435,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,960,000
      Change: +104% Conversion: Moderate
      RETAIL STORES
      $4,275,000
      Change: +75% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,635,000
      Change: +49% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.188
    Latitude
    36.0975
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,459
    $49,093
    $119,810
    $168,903
    -
    $140,266
    $342,314
    $482,580

    Comparable in this City

    • Value Estimation
      $4,425,000
      54,740 SF

      5150 Rainbow Blvd

      MINI-WAREHOUSE, STORAGE • 54,740 SF
      5150 Rainbow Blvd, Las Vegas, NV 89118-0963
      View Details
    • Value Estimation
      $48,835,000
      446,884 SF

      7000 Lindell Rd

      WAREHOUSE, STORAGE • 446,884 SF
      7000 Lindell Rd, Las Vegas, NV 89118-4702
      View Details
    • Value Estimation
      $14,090,000
      208,672 SF

      4155 Russell Rd

      WAREHOUSE, STORAGE • 208,672 SF
      4155 Russell Rd, Las Vegas, NV 89118-2359
      View Details
    • Value Estimation
      $3,785,000
      32,190 SF

      5150 Decatur Blvd

      WAREHOUSE, STORAGE • 32,190 SF
      5150 Decatur Blvd, Las Vegas, NV 89118-1519
      View Details
    • Value Estimation
      $26,315,000
      314,360 SF

      6975 Decatur Blvd

      WAREHOUSE, STORAGE • 314,360 SF
      6975 Decatur Blvd, Las Vegas, NV 89118-4377
      View Details
    • Value Estimation
      $13,390,000
      198,712 SF

      5845 Wynn Rd

      WAREHOUSE, STORAGE • 198,712 SF
      5845 Wynn Rd, Las Vegas, NV 89118-3052
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      138,817 SF

      Industrial Warehouse with Loading Docks

      138,817 SF warehouse featuring multiple loading options.
      3300 Birtcher Dr, Las Vegas, NV 89118
      View Details
    • $9,500,000
      20,980 SF

      Las Vegas Multi-Use Property

      Versatile industrial space; event center potential.
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    • $7,200,000
      15,000 SF

      Industrial Building with Retail Buildout

      15,000 SF industrial building with retail buildout on 2.1 acres.
      3176 W Martin Ave, Las Vegas, NV 89118
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    • $4,600,000
      18,788 SF

      Las Vegas Warehouse/Showroom with Billboard

      Warehouse/showroom in Stadium District with billboard income and accessibility improvements.
      3910 Graphic Center Dr, Las Vegas, NV 89118
      View Details
    • $3,288,800
      8,222 SF

      Single-Tenant Office Building Near Freeway

      Freestanding office building with flexible space and convenient freeway access.
      4580 West Post Rd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      20,221 SF

      Las Vegas Warehouse Space

      20,221 square foot warehouse in Las Vegas, Nevada.
      7465 W Badura Ave, Las Vegas, NV 89118
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      36,827 SF

      Decatur Bell Commerce Center

      Las Vegas Industrial Flex Space
      5010-5030 Decatur Blvd, Las Vegas, NV 89118
      View Details
    • $13 SF/Yr
      15,525 SF

      Las Vegas Warehouse For Sale

      15,525 sq ft Warehouse, Prime Location
      5375 Procyon St, Las Vegas, NV 89118
      View Details
    • $1.18 SF/Yr
      27,434 SF

      Las Vegas Industrial Building For Rent

      27,434 SF industrial building in the Las Vegas Strip Corridor.
      5141 South Procyon St, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      20,800 SF

      Industrial Flex Space Available

      20,800 SF industrial building with flexible suite options.
      6283 Dean Martin Dr, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      28,000 SF

      Las Vegas Warehouse with Office

      Multi-tenant building with office space and high clearance.
      3325 W Sunset Rd, Las Vegas, NV 89118
      View Details
    • $1.70 SF/Yr
      1,669 SF

      Industrial Space Available For Lease

      Industrial space featuring office and warehouse areas for lease.
      6625 S Valley View Blvd, Las Vegas, NV 89118
      View Details
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    3650 Reno Ave
    Las Vegas, NV 89118-1791
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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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