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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Warehouses
3851 Vegas Dr Las Vegas, NV 89108-1911
Trust Owned
~
Est. High Equity
Property ID
US62-1202438
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
22,105 SF
Lot
1.74 ac (75,794 SF)
APN
139-30-501-003
UPID
US62-1202438
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
-
24-7 Automated Storage - Las Vegas Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Nevada Irrevocable Trust
Nevada Irrevocable Trust
since 2025
7 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 Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$80 / 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
$14,853
Tax year 2023
Assessed value
$548,720
Assessed 2024
Previous assessed
$490,753
+11.8% YoY
Effective rate
2.71%
On assessed value
Assessed land
$212,223
Assessed improvement
$336,497
Land market value
$606,351
Improvement market value
$961,420
Total market value
$1,567,771
Applied tax rate
200.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
134
Total area
22,105 SF
Lot
1.74 ac (75,794 SF)
APN
139-30-501-003
UPID
US62-1202438
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
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
134
Lot
1.74 ac
Current owner
From public records · entity-resolved
Nevada Irrevocable Trust
Trust
Mailing address
6565 SPENCER ST S STE #205, LAS VEGAS, NV 89119-3914
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
—
Dnb Investment Trust
—
Deed
related
$60,000
Aug 20, 2025
—
Nevada Irrevocable Trust
3851 Vegas Drive LLC
Deed
related
—
Aug 15, 2024
—
3851 Vegas Drive LLC
3851 Vegas Drive LLC
Intrafamily Transfer
related
—
Mar 12, 2021
—
Vegas Drive LLC
—
Deed
related
$969,125 · Meadows Bank
Jun 15, 2018
—
3851 Vegas Drive LLC
—
Deed
related
$850,000 · Town & Cntry Bk
Nov 3, 2014
—
Richard D Polatis
Polatis,kathy A
Quit Claim Deed
related
—
Nov 3, 2014
$835,000
3851 Vegas Drive LLC
Polatis,richard D
Grant Deed
$560,000 · Mountain W Debt Fund
Feb 22, 2013
$1,161,284
Richard D Polatis
First American Title Ins
Trustees Deed
—
Jun 11, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Apr 6, 2009
—
Kirk-hughes Dev LLC
Kirk-hughes,geraldine
Quit Claim Deed
—
Nov 7, 2008
—
Peter Sampson JR.
Kirk-hughes,geraldine
Grant Deed
related
—
Sep 12, 2001
$360,000
Geraldine Kirk-hughes
Moore,craig L
Grant Deed
$50,000 · Craig L
Jun 4, 1996
$135,000
Craig L Moore
Wright,george L & Denza
Grant Deed
—
Dec 29, 1995
$10,000
George L Wright
Shydler,alicia M
Grant Deed
—
Aug 16, 1994
—
Alicia M Shydler
Shydler,alicia M
Quit Claim Deed
related
$53,000 · Individual
Jul 6, 1993
$94,000
Alicia M Shydler
Aztec Enterprise
Quit Claim Deed
related
—
—
—
Geraldine Kirk-hughes
—
Deed Of Trust
related
$840,000 · Lantzman Mortgage Fund
—
—
3851 Vegas Drive LLC
—
Deed Of Trust
related
$850,000 · Town & Cntry Bk
—
—
Geraldine Kirk-hughes
—
Deed Of Trust
related
$650,000 · Richard Polatis
—
—
Alicia Shydler
—
Deed Of Trust
related
$21,000 · Individual
—
—
3851 Vegas Drive LLC
—
Deed Of Trust
related
$700,000 · East West 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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