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Property profile & analytics
FOR LEASE
Parking lots & garages
4045 Spencer St Las Vegas, NV 89119
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0303217
For Lease
1 / 2
Contact for pricing
4045 Spencer St, Las Vegas, NV 89119
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,642 SF
Lot
4.69 ac (204,296 SF)
APN
162-14-403-008
UPID
US62-0303217
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
-
HIENERGY GLOBAL Green Energy Supplier
-
SAIC Inc Industrial Manufacturer Production Facility
-
Menu Pros Marketing & Advertising Advertising Agency
-
Absolute Bookkeeping Tax-Payroll Accounting Firm Tax Preparation
-
Digital Sound Magic Recording Studios USA Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$66.50M
Blend (final)
Blend
$64.41M
Owner & transaction history
Olymbec Atlas LLC · 1 yrs held
Olymbec Atlas LLC
since 2025
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$49,600,000
Current use
RESTAURANT
$40,100,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$64.41M
Range $57.97M – $70.85M · ±10%
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
$1,158 / 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
$49,295
Tax year 2023
Assessed value
$3,752,254
Assessed 2024
Previous assessed
$2,691,271
+39.4% YoY
Effective rate
1.31%
On assessed value
Assessed land
$786,540
Assessed improvement
$2,965,714
Land market value
$2,247,257
Improvement market value
$8,473,469
Total market value
$10,720,726
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
3
Total area
55,642 SF
Lot
4.69 ac (204,296 SF)
APN
162-14-403-008
UPID
US62-0303217
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
PARKING LOT Current
Est. value
$49.6M
RESTAURANT
Est. value
$40.1M
PARKING LOT Current
RESTAURANT
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
3
Lot
4.69 ac
Current owner
From public records · entity-resolved
Olymbec Atlas LLC
Entity
Mailing address
1004 E BRKS RD, MEMPHIS, TN 38116-1708
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Olymbec Atlas LLC
Olymbec USA LLC
Deed
related
$18,000,000 · Citi Real Estate Funding INC
May 22, 2014
—
Olymbec USA LLC
First Memphis Co LLC
Grant Deed
related
—
Mar 22, 2012
$3,861,905
First Memphis Co LLC
4045-4055 S Spencer Street Hol
Grant Deed
related
—
Sep 2, 2010
$4,300,000
S Spencer Street Hol 4045-4055
Assured Lender Svcs INC
Trustees Deed
—
Jul 13, 2005
$16,000,000
United East India Co LLC
Alexander Dawson INC
Bargain And Sale Deed
$12,000,000 · Jpmorgan Chase Bank NA
Jun 15, 1973
—
—
—
Grant Deed
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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