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    3832 Civic Center Dr North Las Vegas, NV 89030
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    3832 Civic Center Dr North Las Vegas, NV 89030

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    • Industrial properties
    • 99,744 SF
    • 4.82 lot acres
    For Lease
    $22,795,000
    View Listing →
    Industrial Warehouse Space Available For Lease
    $22,795,000
    100,000 SF

    Industrial Warehouse Space Available

    100,000 SF industrial space with 30' clear height.

    3832 Civic Center Dr, North Las Vegas, NV
    View Listing
    Property ID
    US62-0506254
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $22,795,000
    Cap Rate Potential
    3%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3832 Civic Center Dr

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    4.82 lot acres
    Property size
    99,744 SF
    Property type
    Industrial properties
    APN
    139-12-110-003
    APU
    13912110003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $24,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,556,000
      Market price range: $9.92M - $21.6M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $16,330,000
      Current use
      OFFICE BUILDING
      $32,265,000
      Change: +98% Conversion: Difficult
      MEDICAL BUILDING
      $28,810,000
      Change: +76% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.109
    Latitude
    36.2292
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $82,776
    $918,571
    $3,712,868
    $4,631,439
    -
    $2,624,489
    $10,608,194
    $13,232,683

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    • Value Estimation by Request
      2,375 SF

      3248 Civic Ctr Dr

      INDUSTRIAL (GENERAL) • 2,375 SF
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    • Value Estimation
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      3939 Belmont St

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    • Value Estimation
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      11,300 SF

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      HEAVY INDUSTRIAL • 11,300 SF
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    • Value Estimation by Request
      750 SF

      3256 Civic Ctr Dr

      INDUSTRIAL (GENERAL) • 750 SF
      3256 Civic Ctr Dr, North Las Vegas, NV 89030-8101
      View Details
    • Value Estimation
      $2,000,000
      19,200 SF

      1151 Delhi Ave

      HEAVY INDUSTRIAL • 19,200 SF
      1151 Delhi Ave, North Las Vegas, NV 89030-8009
      View Details

    Similar Nearby for Sale

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      Industrial Property For Sale

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      4,983 SF

      Industrial/Flex Building in North Las Vegas

      4,983 SF industrial/flex building with office buildout for sale.
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      11,424 SF

      North Las Vegas Industrial Facility

      Multi-tenant auto repair and industrial facility for sale.
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    • $40,000
      0.11 Acres

      North Las Vegas Land Parcel

      Land parcel in growing area, excellent investment opportunity.
      Windsor Ave, North Las Vegas, NV 89030
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    • $36,000
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      Residential Land in North Las Vegas

      Residential land near fairway, utilities, and amenities in North Las Vegas.
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    • $89,000
      0.23 Acres

      Two Lots in North Las Vegas

      Two adjoining vacant lots, ideal for building a single-family home.
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    Similar Nearby for Lease

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      4,816 SF

      Industrial Space in North Las Vegas

      Industrial property available for lease in North Las Vegas.
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      Industrial Space Near I-15 Freeway

      Industrial space available in North Las Vegas near I-15.
      4171 Distribution Cir, North Las Vegas, NV 89030
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      5,120 SF

      Industrial Space Available For Lease

      Industrial property available for lease in North Las Vegas.
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    • $0.30 SF/Yr

      North Las Vegas Outdoor Storage

      Secure, accessible industrial outdoor storage with I-15 access.
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      38,400 SF

      Industrial Space with Office

      38,400 SF industrial space with existing office available for lease.
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    • $0.88 SF/Yr

      North Las Vegas Industrial Sublease

      52,220 SF industrial space available for sublease.
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      View Details
    View Listing
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    North Las Vegas, NV 89030
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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