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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Manufacturing properties
3650 Sunset Rd Las Vegas, NV 89120-7244
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0289764
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
FRAME
Total area
3,858 SF
Lot
0.09 ac (3,858 SF)
APN
161-31-412-015
UPID
US62-0289764
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
-
Lei Electric Electrical Service General Contractor
-
Luke's Duct Care HVAC Service
-
Diamond Installation Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$895k
Owner & transaction history
Decatur 1 25 Ac Harris J L 6 LLC · 3 yrs held
Decatur 1 25 Ac Harris J L 6 LLC
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+37.9%
Medical building
$1.1M
+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
$875,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,045,000
Current use
RETAIL STORES
$1,440,000
Change: +38% · Conversion: Moderate
MEDICAL BUILDING
$1,060,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $900k (Sep 8 2022)
Last sale anchor
$900k
Sep 8 2022
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
$232 / 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
$3,440
Tax year 2023
Assessed value
$161,888
Assessed 2024
Previous assessed
$145,362
+11.4% YoY
Effective rate
2.12%
On assessed value
Assessed land
$14,853
Assessed improvement
$147,035
Land market value
$42,437
Improvement market value
$420,100
Total market value
$462,537
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
Stories
1
Total area
3,858 SF
Lot
0.09 ac (3,858 SF)
APN
161-31-412-015
UPID
US62-0289764
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
$1.0M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$970,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Decatur 1 25 Ac Harris J L 6 LLC
Entity
Mailing address
4660 POLARIS AVE, LAS VEGAS, NV 89103-5615
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$900,000
Decatur 1 25 Ac Harris J L 6 LLC
Shirley S Hwang
Bargain And Sale Deed
—
Jan 17, 2017
—
Blue,waters Trust
Hwang Shirley S Trust
Grant Deed
related
—
Sep 21, 2011
$160,000
Hwang Shirley S Trust
City Natl Bk
Grant Deed
—
Sep 21, 2011
—
City Natl Bk
Nevada Commerce Bk Las Vegas N
Grant Deed
related
—
Dec 1, 2010
$760,000
Nevada Cmrc Bk
Nevada Title Co
Trustees Deed
related
—
Sep 21, 2007
$444,360
Dsdk Investments LLC
Mbmo6 LLC
Grant Deed
$316,000 · Silver State Bank
—
—
Blue,waters Trust
—
Deed Of Trust
related
$500,000 · Shirley S Hwang
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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