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3840 Civic Center Dr, North Las Vegas, NV 89030
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Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2014
Construction
METAL FRAME
Total area
63,467 SF
Lot
8.01 ac (348,916 SF)
APN
139-12-103-051
UPID
US62-0557088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Distribution Center Logistics Company
-
Take-out & Catering Butcher
-
Trucking Company
-
Food Processing Plant Factory
-
Storage Facility Warehouse & Storage
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
since 2026
6 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.47M
Value range
$7.62M – $9.32M
±10% around blend
Estimated value / SF
$133 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
Income certainty
100
$7.62M
blend $8.47M
$9.32M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
63,467 SF
Lot area
8.01 ac
Year built
2014
Stories
1
APN
139-12-103-051
Assessed value
$6,980,724
Annual tax
$166,175
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.65M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.37M
@ 6.5% CAP return
$8.65M
@ 7% CAP return
$8.03M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$166,175
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.29M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.3 mi away · 52,756 SF
9.5 mi away · 68,428 SF
12.4 mi away · 46,950 SF
14.8 mi away · 52,232 SF
15.3 mi away · 67,440 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 48 sales
$200
-33%
Submarket 93 sales
$219
-39%
County 689 sales
$178
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $133/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.25M
Move the market yield to see immediate price impact.
Value / SF
$99
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$394k
$7.88M
$5.63M
$4.38M
$438k
$8.75M
$6.25M
$4.86M
$481k
$9.63M
$6.88M
$5.35M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$104k
2.8 mi · Nov 2025 · $1/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$166,175
Tax year 2023
Assessed value
$6,980,724
Assessed 2024
Previous assessed
$6,338,783
+10.1% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,526,508
Assessed improvement
$5,454,216
Land market value
$4,361,451
Improvement market value
$15,583,474
Total market value
$19,944,925
Applied tax rate
250.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2014
Construction
METAL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
4
Stories
1
Total area
63,467 SF
Lot
8.01 ac (348,916 SF)
APN
139-12-103-051
UPID
US62-0557088
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
METAL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Lot
8.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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