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Property profile & analytics
OFF-MARKET
Estimated value
$25,740,000
Warehouses
4140 Frehner Rd North Las Vegas, NV 89030-3338
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0322235
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
CONCRETE
Total area
215,115 SF
Lot
20.5 ac (892,980 SF)
APN
139-01-402-006
UPID
US62-0322235
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
-
JLG Industries - Vegas PDC Warehouse & Storage
-
JLG parts distibution Big Box & Wholesale Store
-
GXO Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.74M
Owner & transaction history
Prologis-exchange 4140 Frehner · 10 yrs held
Prologis-exchange 4140 Frehner
since 2016
4 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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$31,755,000
6.5%
$29,310,000
7%
$27,215,000
Blend value · Realmo final
$25.74M
Range $23.17M – $28.31M · ±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
$120 / 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
$361,036
Tax year 2023
Assessed value
$12,911,304
Assessed 2024
Previous assessed
$11,732,434
+10.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$3,125,430
Assessed improvement
$9,785,874
Land market value
$8,929,800
Improvement market value
$27,959,640
Total market value
$36,889,440
Applied tax rate
250.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
215,115 SF
Lot
20.5 ac (892,980 SF)
APN
139-01-402-006
UPID
US62-0322235
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
2016
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
20.5 ac
Current owner
From public records · entity-resolved
Prologis-exchange 4140 Frehner
Individual
Free & Clear · 10 yrs held
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2016
—
Prologis-exchange 4140 Frehner
City Of North Las Vegas
Grant Deed
related
—
Nov 10, 2015
$4,464,900
Prologis Exchange 4140 Frehner
City Of North Las Vegas
Grant Deed
—
Jun 12, 2006
—
City Of North Las Vegas
Adj Prop LLC
Grant Deed
—
May 7, 2004
—
Adj Prop LLC
Frehner Garth E Trust
Quit Claim 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.
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