New search
Property profile & analytics
FOR LEASE
Auto shops
3848 Civic Center Dr North Las Vegas, NV 89030
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0498856
For Lease
1 / 9
$5,990,000
3848 Civic Center Dr, North Las Vegas, NV 89030
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,026 SF
Lot
2.93 ac (127,631 SF)
APN
139-12-110-002
UPID
US62-0498856
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
-
TEC Equipment - Las Vegas 2 Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.99M
Owner & transaction history
Westbrooke 2 LLC · 4 yrs held
Westbrooke 2 LLC
since 2021
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.2M
+9.8%
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
$6,725,000
ML approach
$6,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,195,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$5.99M
Range $5.39M – $6.59M · ±10% · vs last sale $5.40M (Oct 15 2021)
Last sale anchor
$5.40M
Oct 15 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
$374 / 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
$29,361
Tax year 2023
Assessed value
$1,618,780
Assessed 2024
Previous assessed
$1,485,249
+9.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$558,386
Assessed improvement
$1,060,394
Land market value
$1,595,389
Improvement market value
$3,029,697
Total market value
$4,625,086
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
16,026 SF
Lot
2.93 ac (127,631 SF)
APN
139-12-110-002
UPID
US62-0498856
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
AUTO REPAIR, GARAGE Current
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
Westbrooke 2 LLC
Entity
Mailing address
PO BOX 1153, CENTERVILLE, UT 84014-5153
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$5,400,000
Westbrooke 2 LLC
Civic Center LLC
Bargain And Sale Deed
$3,510,000 · Security Mutual Life Insurance Comp
May 8, 2015
$3,700,000
Civic Center LLC
Mca Civic Center LLC
Bargain And Sale Deed
$2,200,000 · Zions First National Bank
Oct 18, 2013
$5,500,000
Mca Civic Center LLC
Atc Realty One LLC
Grant Deed
$4,000,000 · Interamerican Investments INC
Nov 29, 2012
$3,500,000
Atc Realty One LLC
Ticor Title Of Nevada INC
Trustees Deed
—
Oct 2, 2012
$3,500,000
Atc Realty One LLC
Ticor Title Of Nevada INC
Trustees Deed
—
May 13, 2011
—
Civic Center LLC
Pancal Civic Center 117 LLC
Quit Claim Deed
related
—
Dec 30, 2010
$9,609,852
Pancal Civic Center 117 LLC
Civic Center LLC
Grant Deed
related
—
Sep 28, 2007
—
Civic Center LLC
—
Trustees Deed
related
$19,627,500 · Wells Fargo Bank
—
—
Civic Center LLC
—
Deed Of Trust
related
—
—
—
Civic Center LLC
—
Deed Of Trust
related
—
—
—
Civic Center LLC
—
Deed Of Trust
related
—
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.
