New search
Property profile & analytics
FOR LEASE
Distribution centers
3840 Civic Center Dr North Las Vegas, NV 89030
Entity Owned
~
Est. High Equity
Property ID
US62-0557088
For Lease
1 / 2
$8,470,000
3840 Civic Center Dr, North Las Vegas, NV 89030
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shetakis Wholesalers Distribution Center Logistics Company
-
Superior Meat Take-out & Catering Butcher
-
Salcedo Trucking Trucking Company
-
Farm Fresh Foods Inc Food Processing Plant Factory
-
Ice Cold Storage Storage Facility Warehouse & Storage
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
Shetakis Civic Center LLC
Shetakis Civic Center LLC
since 2026
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,370,000
6.5%
$8,650,000
7%
$8,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,680,000
Current use
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±10%
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
$133 / 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
$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
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
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
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
$12.7M
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
2014
Construction
METAL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Lot
8.01 ac
Current owner
From public records · entity-resolved
Shetakis Civic Center LLC
Entity
Mailing address
3840 CIVIC CTR DR STE A, NORTH LAS VEGAS, NV 89030-7535
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Apr 10, 2026
—
Shetakis Civic Center LLC
—
Deed
related
$15,000,000 · Zions Bancorporation NA
Apr 1, 2022
—
Shetakis Civic Center LLC
—
Deed
related
$18,000,000 · Jpmorgan Chase Bank NA
Jun 16, 2016
—
Shetakis Civic Center LLC
—
Deed
related
$12,072,000 · City National Bank
Jan 9, 2008
—
Civic Center Properties LLC
—
Trustees Deed
related
$2,340,000 · Vineyard Bank
—
—
Shetakis Civic Center LLC
—
Deed Of Trust
related
$3,173,000 · Cdc Small Business Finance Co
—
—
Shetakis Civic Center LLC
—
Deed Of Trust
related
$1,019,000 · Cdc Small Busn Fin
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.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
