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Property profile & analytics
OFF-MARKET
Estimated value
$7,370,000
Distribution centers
3950 Harmon Ave Las Vegas, NV 89103-5507
Entity Owned
23-yr Hold
Free & Clear
Property ID
US62-0039827
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
CONCRETE
Total area
100,000 SF
Lot
4.56 ac (198,634 SF)
APN
162-19-601-021
UPID
US62-0039827
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
-
United Moving and Storage Moving Company
-
Flame Retardancy Application Production Facility Building Supply
-
George Menzor Physician Medical Clinic
-
Republic Van Line Moving Company Storage Facility
-
We Move Las Vegas Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.37M
Owner & transaction history
Hip Valley View LLC · 23 yrs held
Hip Valley View LLC
since 2003
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
$74 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$40,698
Tax year 2022
Assessed value
$1,508,994
Assessed 2023
Previous assessed
$1,508,994
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$688,267
Assessed improvement
$820,727
Land market value
$1,966,477
Improvement market value
$2,344,934
Total market value
$4,311,411
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
100,000 SF
Lot
4.56 ac (198,634 SF)
APN
162-19-601-021
UPID
US62-0039827
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
1979
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
4.56 ac
Current owner
From public records · entity-resolved
Hip Valley View LLC
Entity
Free & Clear · 23 yrs held
Mailing address
1121 SW SALMON ST FL #5, PORTLAND, OR 97205-2000
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2003
—
Hip Valley View LLC
—
Deed Of Trust
related
$16,350,000 · Metropolitan Life Insurance
Jun 13, 2003
$4,810,000
Hip Valley View LLC
Calwest Industrial Properties
Grant Deed
—
Nov 21, 2000
$15,222,500
Calwest Industrial Properties
Pacific Gulf Properties INC
Grant Deed
—
Feb 5, 1998
$9,576,500
Pacific Gulf Properties INC
Msc Valley View INC
Grant Deed
—
Nov 6, 1991
$300,000
Development 2000 Corporation
Unknown
Grant Deed
—
—
—
Hip Valley View LLC
—
Deed Of Trust
related
$17,560,125 · Metropolitan Life Insurance
—
—
Development 2000 Corp
—
Deed Of Trust
related
$450,000 · A & C Mtg Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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