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Property profile & analytics
FOR LEASE
Distribution centers
3655 W Sunset Rd Las Vegas, NV 89118
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0475655
For Lease
1 / 2
$16,405,000
3655 W Sunset Rd, Las Vegas, NV 89118
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Construction
CONCRETE
Total area
149,864 SF
Lot
12.85 ac (559,746 SF)
APN
177-05-101-029
UPID
US62-0475655
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
-
lutron Factory Production Facility
-
Sensations Exhibits Warehouse & Storage
-
Emser Tile Hardware & Home Improvement Carpet & Flooring Store
-
Kelly Spicers Stores - Las Vegas (Bike/Boat/Book/etc) Store
-
Vegas Electric Supply Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.41M
Owner & transaction history
Sun Barrow LLC · 9 yrs held
Sun Barrow LLC
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,015,000
6.5%
$16,630,000
7%
$15,445,000
Blend value · Realmo final
$16.41M
Range $14.76M – $18.05M · ±10%
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
$109 / 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
$187,850
Tax year 2023
Assessed value
$8,427,978
Assessed 2024
Previous assessed
$7,460,410
+13.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$1,851,360
Assessed improvement
$6,576,618
Land market value
$5,289,600
Improvement market value
$18,790,337
Total market value
$24,079,937
Applied tax rate
635.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
YES
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
149,864 SF
Lot
12.85 ac (559,746 SF)
APN
177-05-101-029
UPID
US62-0475655
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
2005
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
6
Bathrooms
2
Lot
12.85 ac
Current owner
From public records · entity-resolved
Sun Barrow LLC
Entity
Mailing address
3755 BREAKTHROUGH WAY STE #250, LAS VEGAS, NV 89135-3056
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2017
—
Sun Barrow LLC
Mp Barrow LLC
Bargain And Sale Deed
$16,000,000 · Morgan Stanley Bank NA
Feb 1, 2017
—
Mp Barrow LLC
—
Deed
related
—
Jan 25, 2017
—
Ivy Sandwich LLC
Blood J R & P Trust
Quit Claim Deed
related
—
Jan 23, 2017
—
Blood,j R & P Family Trust
County Of Clark
Grant Deed
related
—
Dec 29, 2016
—
Mp Barrow LLC
—
Deed
related
$16,000,000 · Western Alliance Bk
Dec 8, 2016
—
Mp Barrow LLC
—
Deed
related
$16,000,000 · Private Individual
Dec 7, 2016
—
Mp Barrow LLC
—
Deed
related
$16,000,000 · Private Individual
Feb 9, 2007
—
Mp Barrow LLC
Sundido LLC
Bargain And Sale Deed
$24,000,000 · Morgan Stanley Credit Corp
Sep 27, 2005
—
Majestic Runway Ptrs IV LLC
—
Deed Of Trust
related
$18,500,000 · Teachers Insurance & Annuity
Aug 2, 2005
—
Ivy Sandwich LLC
Blood John R & P Trust
Grant Deed
—
Jun 30, 2004
—
Majestic Runway IV LLC
—
Trustees Deed
related
$17,185 · Union Bank Of California
Jan 23, 2004
$14,250,000
Blood John R & Paula Trust
County Of Clark
Grant Deed
—
—
—
Mp Barrow LLC
—
Loan Modification
related
—
—
—
Mp Barrow LLC
—
Deed Of Trust
related
$16,000,000 · Private Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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