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Property profile & analytics
OFF-MARKET
Estimated value
$6,555,000
Warehouses
3755 Las Vegas N Blvd Las Vegas, NV 89115-1504
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0349366
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Construction
FRAME
Total area
46,272 SF
Lot
2.02 ac (87,991 SF)
APN
140-08-201-012
UPID
US62-0349366
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
-
BLVD Las Vegas Shopping Center & Mall
-
Affordable Dream Drive Exotic Rentals Car Rental Facility
-
Parking Parking Lot & Garage
-
Taco Papi Restaurant
-
Embassy Suite Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.62M
CAP Approach
CAP
$6.13M
Comparable Approach
Comparable
$5.19M
Blend (final)
Blend
$6.56M
Owner & transaction history
Rpc Southwest Storage Portfolio LLC · 2 yrs held
Rpc Southwest Storage Portfolio LLC
since 2023
Last sale
$6.8M
6 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
$6,425,000
ML approach
$6,620,000
CAP Approach
CAP Return
Estimation
6%
$6,640,000
6.5%
$6,130,000
7%
$5,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,430,000
Current use
Blend value · Realmo final
$6.56M
Range $5.90M – $7.21M · ±10% · vs last sale $6.80M (Sep 28 2023)
Last sale anchor
$6.80M
Sep 28 2023
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
$142 / 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
$20,083
Tax year 2023
Assessed value
$794,667
Assessed 2024
Previous assessed
$731,934
+8.6% YoY
Effective rate
2.53%
On assessed value
Assessed land
$230,977
Assessed improvement
$563,690
Land market value
$659,934
Improvement market value
$1,610,543
Total market value
$2,270,477
Applied tax rate
340.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
2
Units
395
Rooms
6
Bathrooms
4
Total area
46,272 SF
Lot
2.02 ac (87,991 SF)
APN
140-08-201-012
UPID
US62-0349366
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
WAREHOUSE, STORAGE Current
Est. value
$7.4M
WAREHOUSE, STORAGE Current
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
1989
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
395
Rooms
6
Bathrooms
4
Lot
2.02 ac
Current owner
From public records · entity-resolved
Rpc Southwest Storage Portfolio LLC
Entity
Mailing address
2101 CEDAR SPGS RD STE #1600, DALLAS, TX 75201-2148
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
$6,795,000
Rpc Southwest Storage Portfolio LLC
Mhc 123 Las Vegas Blvd Nv LLC
Bargain And Sale Deed
$31,900,000 · Hartford Fire Insurance Company
Aug 25, 2021
$4,250,000
Mhc 123 Las Vegas Blvd Nv LLC
Barber Auto Mall Properties L P
Bargain And Sale Deed
$260,645,279 · Jpmorgan Chase Bank NA
Mar 18, 2016
$1,329,182
Barber Auto Mall Properties LP
Tenir LLC
Grant Deed
—
Jan 15, 2016
$1,297,000
Tenir LLC
Robert H Schoff Family LLC
Grant Deed
—
Jan 5, 2006
$1,773,000
Robert H Schoff Family LLC
J M L INC
Bargain And Sale Deed
$1,065,000 · First National Bank Of Arizona
—
—
Robert H Schoff Family LLC
—
Deed Of Trust
related
$1,085,000 · Sun Life Assurance Co
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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