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Property profile & analytics
OFF-MARKET
Estimated value
$5,970,000
Automotive properties
3670 Oquendo Rd Las Vegas, NV 89118-3120
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0260808
Property summary
AI-generated overview
This exceptional 28,420-square-foot distribution center, built in 2005, is situated on a 1.1-acre lot in Las Vegas, NV (89118), offering a prime location west of the I-15 and Russell Road interchange. The Class B, single-tenant building boasts a 28-foot clear height, 6,534 square feet of two-story HVAC office space complete with an elevator, and ample parking (12 covered, 34 total). The property features 3,000A 277/480 volt 3-phase power, making it ideal for various industrial uses. Its freestanding tilt-up concrete construction ensures security and durability. The strategic location provides easy access to Interstate 15, connecting to both Utah and California. This vacant property presents a unique opportunity, especially considering the high development costs associated with constructing a comparable facility. The property is approved and licensed for adult-use and medical cannabis cultivation and production. The asking price is $8,000,000, translating to $281.49 per square foot.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2005
Construction
CONCRETE
Total area
24,900 SF
Lot
1.14 ac (49,658 SF)
APN
162-32-101-028
UPID
US62-0260808
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$5.97M
Owner & transaction history
Hs Property Nv2 LLC · 1 yrs held
Hs Property Nv2 LLC
since 2025
Last sale
$6.3M
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
$5,225,000
ML approach
$5,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.97M
Range $5.37M – $6.57M · ±10% · vs last sale $6.30M (Feb 19 2025)
Last sale anchor
$6.30M
Feb 19 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
$240 / 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
$26,218
Tax year 2023
Assessed value
$1,012,437
Assessed 2024
Previous assessed
$910,464
+11.2% YoY
Effective rate
2.59%
On assessed value
Assessed land
$234,634
Assessed improvement
$777,803
Land market value
$670,383
Improvement market value
$2,222,294
Total market value
$2,892,677
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
OTHER
Cooling
EVAPORATIVE
Stories
1
Total area
24,900 SF
Lot
1.14 ac (49,658 SF)
APN
162-32-101-028
UPID
US62-0260808
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
OTHER
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Hs Property Nv2 LLC
Entity
Mailing address
3670 W OQUENDO RD, LAS VEGAS, NV 89118-3120
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
$7,875,000
Hs Property Nv2 LLC
Jacques Santucci Of Opus Consulting
Quitclaim Deed
related
$6,300,000 · Bokf NA
Jul 8, 2021
$6,300,000
Nor Oquendo Road LLC
Mm Oquendo LLC
Bargain And Sale Deed
$5,030,000 · Mm Oquendo LLC
Dec 1, 2011
—
Mark Five Invs LLC Series C
Mark Five
Quit Claim Deed
$2,100,000 · Loan Acquisition Grp LLC
Dec 1, 2011
$2,100,000
Mark Five
Oquendo Office Warehouse LLC
Grant Deed
—
Sep 8, 2005
$490,000
Oquendo Warehouse LLC
Bjc Investments LLC
Quit Claim Deed
related
—
May 4, 2004
—
Oquendo Office Warehouse LLC
—
Trustees Deed
related
$2,040,000 · Community Bank Nevada
Apr 19, 2004
—
Oquendo Office Warehouse LLC
Bjc Investments LLC
Quit Claim Deed
related
—
Mar 18, 2004
—
Oquendo Office Warehouse LLC
Bjc Investments LLC
Quit Claim Deed
related
—
Jan 29, 2004
—
Oquendo Warehouse LLC
Bjc Investments LLC
Quit Claim Deed
related
—
Sep 10, 2003
$490,000
Bjc Investments LLC
Martin Holdings LLC
Grant Deed
—
Mar 20, 2002
$520,000
Martin Holdings Of Nevada LLC
Bestor,gregory M
Grant Deed
related
—
Feb 25, 2002
—
Clark County (nv)
Bestor,gregory M
Grant Deed
related
—
—
—
Bjc Investments LLC
—
Deed Of Trust
related
$500,000 · Collins Trust
—
—
Oquendo Office Warehouse LLC
—
Deed Of Trust
related
$930,000 · Community Bank Nevada
—
—
Bjc Investments LLC
—
Deed Of Trust
related
$500,000 · M M & Pauline P Collins
—
—
Martin Holdings Of Nevada LLC
—
Deed Of Trust
related
$360,000 · Bank Of America
—
—
Mm Oquendo LLC
—
Deed Of Trust
related
$2,100,000 · Collins M & P Family Trust (pt
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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