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Property profile & analytics
OFF-MARKET
Estimated value
$3,640,000
Automotive properties
4020 Boulder Hwy Las Vegas, NV 89121-2516
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-1241725
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2006
Construction
CONCRETE
Total area
8,933 SF
Lot
1.19 ac (51,836 SF)
APN
161-07-801-002
UPID
US62-1241725
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
-
Indian Motorcycle® Riders Group of Las Vegas Association Or Organization
-
Silver State Industrial Hose & Fttng Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Choice Automotive LLC. Car Dealership
-
Nevada Casters & Material Handling Building Supply Hardware & Home Improvement
-
Commercial Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.64M
Owner & transaction history
Equity Growth Partners LP · 3 yrs held
Equity Growth Partners LP
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+13.9%
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
$3,605,000
ML approach
$3,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,960,000
Current use
COMMERCIAL (GENERAL)
$5,650,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±10% · vs last sale $3.70M (Aug 17 2022)
Last sale anchor
$3.70M
Aug 17 2022
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
$407 / 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
$32,479
Tax year 2023
Assessed value
$1,255,079
Assessed 2024
Previous assessed
$1,139,492
+10.1% YoY
Effective rate
2.59%
On assessed value
Assessed land
$145,141
Assessed improvement
$1,109,938
Land market value
$414,689
Improvement market value
$3,171,251
Total market value
$3,585,940
Applied tax rate
410.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
8,933 SF
Lot
1.19 ac (51,836 SF)
APN
161-07-801-002
UPID
US62-1241725
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
$5.0M
COMMERCIAL (GENERAL)
Est. value
$5.7M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
2006
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Equity Growth Partners LP
Entity
Free & Clear · 3 yrs held
Mailing address
2950 MERCED ST STE #200, SAN LEANDRO, CA 94577-5641
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2022
$3,700,000
Equity Growth Partners LP
Laurie Pebworth
Bargain And Sale Deed
—
May 28, 2020
$2,000,000
Laurie Pebworth
Karlyle Nevada Properties LLC
Grant Deed
$964,600 · Karlyle Nevada Properties LLC
Mar 31, 2020
—
Karlyle Nevada Properties LLC
Shane Demirjian
Grant Deed
related
—
Feb 5, 2020
$2,490,000
Shane Demirjian
Shankle LLC
Grant Deed
related
—
Jul 24, 2008
—
Shankle LLC
Barnes Family Trust
Grant Deed
—
Jul 3, 2008
—
Barnes Family Trust
Barnes,donald D & Carolyn S
Quit Claim Deed
related
—
Feb 4, 2005
—
Donald D Barnes
—
Trustees Deed
related
$2,203,102 · Bankwest Of Nevada
Jun 18, 2004
$675,000
Donald D Barnes
Past Enterprises INC
Grant Deed
—
Jul 18, 1994
$900,000
Past Enterprises INC
Flammini,robert
Grant Deed
—
Oct 6, 1992
$498,000
Flammini Robert
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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