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Property profile & analytics
OFF-MARKET
Estimated value
$6,705,000
Distribution centers
3828 Civic Ctr Dr North Las Vegas, NV 89030-7559
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0445098
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2009
Construction
CONCRETE
Total area
38,636 SF
Lot
2.47 ac (107,593 SF)
APN
139-12-103-050
UPID
US62-0445098
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
-
Uvaper LLC Big Box & Wholesale Store
-
FORSHAW Inc Distribution Center Logistics Company
-
Water Shark Systems Water Treatment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.49M
CAP Approach
CAP
$5.27M
Comparable Approach
Comparable
$8.80M
Blend (final)
Blend
$6.71M
Owner & transaction history
Cpreif Civic Center LLC · 4 yrs held
Cpreif Civic Center LLC
since 2021
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.2M
+44.6%
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$6,170,000
ML approach
$6,485,000
CAP Approach
CAP Return
Estimation
6%
$5,705,000
6.5%
$5,265,000
7%
$4,890,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,720,000
Current use
MEDICAL BUILDING
$11,160,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$6.71M
Range $6.03M – $7.38M · ±10% · vs last sale $7.08M (Oct 6 2021)
Last sale anchor
$7.08M
Oct 6 2021
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
$174 / 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
$42,689
Tax year 2023
Assessed value
$1,764,821
Assessed 2024
Previous assessed
$1,611,989
+9.5% YoY
Effective rate
2.42%
On assessed value
Assessed land
$470,720
Assessed improvement
$1,294,101
Land market value
$1,344,914
Improvement market value
$3,697,431
Total market value
$5,042,345
Applied tax rate
250.0000
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
Off-Market
Year built
2009
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
38,636 SF
Lot
2.47 ac (107,593 SF)
APN
139-12-103-050
UPID
US62-0445098
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
$7.7M
MEDICAL BUILDING
Est. value
$11.2M
WAREHOUSE, STORAGE Current
MEDICAL 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
2009
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
Cpreif Civic Center LLC
Entity
Mailing address
6725 VIA AUSTI PKWY STE #275, LAS VEGAS, NV 89119-3553
Ownership since
2021
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
Oct 6, 2021
$7,082,500
Cpreif Civic Center LLC
A&t Property LLC
Bargain And Sale Deed
—
Jan 3, 2018
$4,775,000
A&t Property LLC
Water Shark System LLC
Bargain And Sale Deed
—
Mar 1, 2012
$11,657,524
Shetakis Civic Center LLC
Civic Center Properties LLC
Grant Deed
related
$6,780,000 · Bank Of The West
Jan 9, 2008
—
Civic Center Properties LLC
—
Trustees Deed
related
$2,340,000 · Vineyard Bank
Jul 3, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Civic Center Properties LLC
—
Deed Of Trust
related
$2,150,000 · Vineyard Bank
—
—
Water Shark Systems LLC
—
Deed Of Trust
related
$1,000,000 · Farmers Exchange Bk
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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