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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Auto shops
4100 Cheyenne Ave Las Vegas, NV 89115-2794
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1228324
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,340 SF
Lot
9.22 ac (401,623 SF)
APN
140-07-802-007
UPID
US62-1228324
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
-
Eddy's Las Vegas Towing & Emergency Roadside Assistance Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.55M
Blend (final)
Blend
$6.70M
Owner & transaction history
Lit Industrial Limited Partnership · 4 yrs held
Lit Industrial Limited Partnership
since 2022
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+29.8%
Commercial (general)
$7.2M
+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
$7,290,000
ML approach
$6,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,300,000
Current use
RESTAURANT
$8,175,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,170,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±10% · vs last sale $5.85M (Mar 22 2021)
Last sale anchor
$5.85M
Mar 22 2021
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
$591 / 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
$19,643
Tax year 2023
Assessed value
$1,648,192
Assessed 2024
Previous assessed
$1,505,618
+9.5% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,518,135
Assessed improvement
$130,057
Land market value
$4,337,529
Improvement market value
$371,591
Total market value
$4,709,120
Applied tax rate
340.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
11,340 SF
Lot
9.22 ac (401,623 SF)
APN
140-07-802-007
UPID
US62-1228324
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
$6.3M
RESTAURANT
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.2M
AUTO REPAIR, GARAGE Current
RESTAURANT
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
9.22 ac
Current owner
From public records · entity-resolved
Lit Industrial Limited Partnership
Entity
Mailing address
601 S FIGUEROA ST STE #3400, LOS ANGELES, CA 90017-5739
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Lit Industrial Limited Partnership
Three Peaks Investments
Re-recorded Document
related
—
Mar 22, 2021
$5,850,000
Lit Industrial Limited Partnership
Three Peaks Investments
Bargain And Sale Deed
—
Jul 11, 2017
$156,139
Gm 1 LLC
Sanchez J Mario Living Trust
Grant Deed
—
Jul 11, 2017
—
Rep Global LLC
Sanchez J Mario Living Trust
Grant Deed
related
—
Jun 12, 2017
$1,561,394
Gm 1 LLC
Sanchez J Mario Living Trust
Grant Deed
—
Jun 12, 2017
—
Rep Global LLC
Sanchez J Mario Living Trust
Grant Deed
related
—
Apr 19, 2011
—
Jaime Griffin
Griffin,forrest
Quit Claim Deed
related
—
Oct 8, 2010
—
Forrest Griffin
Griffin,jaime
Quit Claim Deed
related
—
Oct 8, 2010
$8,250,000
Three Peaks Investments
4100 Cheyenne LLC
Grant Deed
$4,000,000 · Service First Bank
Nov 26, 2008
$5,050,000
4100 Cheyenne LLC
Saucer 5 Limited Partnership
Bargain And Sale Deed
$3,050,000 · Southwestusa Bank
Aug 11, 2000
$1,345,000
Saucer 5 LP
Clark Trust
Grant Deed
—
—
—
5 Saucer
—
Deed Of Trust
related
$245,000 · Valley Bank
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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