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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Industrial properties
3894 Spg Mtn Rd Las Vegas, NV 89102-8602
Trust Owned
Free & Clear
Property ID
US62-0208584
Property summary
AI-generated overview
This exceptional 12,626 square foot industrial property, located at 3894 Spring Mountain Road in Las Vegas, Nevada, presents a unique investment opportunity. Built in 1980, this single-story building features three separate suites, offering flexibility for various business needs. One suite, measuring 2,995 square feet, is currently available. The property boasts a desirable 12.5-foot ceiling height, providing ample vertical space for storage or manufacturing operations. Its strategic location in the West Central submarket of Clark County places it within close proximity to the I-15/US-95 freeways, ensuring easy access to major transportation routes. The property is zoned IL and its address is 3894 Spring Mountain Road, situated near Valley View Blvd. and Spring Mountain Rd., in the heart of the Chinatown district, just two blocks from the Las Vegas Strip. The property's convenient location offers easy access to numerous retail amenities. The total building area encompasses 12,626 square feet, divided into three suites. The property's APN is 162-18-506-003. This multi-tenant building offers a compelling opportunity for businesses seeking a well-located and functional industrial space in a vibrant area of Las Vegas.
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,190 SF
Lot
0.57 ac (24,829 SF)
APN
162-18-506-003
UPID
US62-0208584
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
-
Great Basin Taxidermy Taxidermist
-
Busy Buggy Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.16M
Owner & transaction history
Mr And Sm Trust
Mr And Sm Trust
since 2026
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+18.6%
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
Method
Estimation
Statistic approach
$2,225,000
ML approach
$2,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,830,000
Current use
MEDICAL BUILDING
$3,355,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±10% · vs last sale $2.35M (Sep 5 2023)
Last sale anchor
$2.35M
Sep 5 2023
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
$177 / 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
$5,831
Tax year 2023
Assessed value
$219,272
Assessed 2024
Previous assessed
$200,754
+9.2% YoY
Effective rate
2.66%
On assessed value
Assessed land
$111,495
Assessed improvement
$107,777
Land market value
$318,557
Improvement market value
$307,934
Total market value
$626,491
Applied tax rate
470.0000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
12,190 SF
Lot
0.57 ac (24,829 SF)
APN
162-18-506-003
UPID
US62-0208584
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Mr And Sm Trust
Trust
Free & Clear · 0 yrs held
Mailing address
10325 JADE PT DR, LAS VEGAS, NV 89135-1516
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
—
Mr And Sm Trust
Sole LLC
Deed
related
—
Sep 5, 2023
—
Sole LLC
Clark County Treasurers
Redemption Deed
related
—
Aug 10, 2021
$2,350,000
Sole LLC
Mary F Barkan
Bargain And Sale Deed
$2,548,500 · Zb NA
Oct 22, 2015
—
Barkan,flynn Trust
Barkan B E & M F Trust
Quit Claim Deed
related
—
Mar 31, 1992
$380,000
Barkan,barry F & Mary F Liv Tr
Unknown
Grant Deed
—
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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