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Property profile & analytics
OFF-MARKET
Estimated value
$10,800,000
Distribution centers
4145 Ali Baba Ln Las Vegas, NV 89118-1653
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0216216
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
43,828 SF
Lot
2.06 ac (89,734 SF)
APN
162-30-601-025
UPID
US62-0216216
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
-
CWNevada Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.05M
Blend (final)
Blend
$10.80M
Owner & transaction history
Shekel Realty LP · 1 yrs held
Shekel Realty LP
since 2024
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.4M
+75.5%
Industrial (general)
$13.9M
+49.3%
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
$10,800,000
ML approach
$10,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,340,000
Current use
RETAIL STORES
$16,385,000
Change: +75% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$13,945,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$10.80M
Range $9.72M – $11.88M · ±10% · vs last sale $10.80M (Jun 14 2024)
Last sale anchor
$10.80M
Jun 14 2024
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
$246 / 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
$44,006
Tax year 2023
Assessed value
$1,509,372
Assessed 2024
Previous assessed
$1,362,588
+10.8% YoY
Effective rate
2.92%
On assessed value
Assessed land
$423,993
Assessed improvement
$1,085,379
Land market value
$1,211,409
Improvement market value
$3,101,083
Total market value
$4,312,492
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
1998
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
43,828 SF
Lot
2.06 ac (89,734 SF)
APN
162-30-601-025
UPID
US62-0216216
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
WAREHOUSE, STORAGE Current
Est. value
$9.3M
RETAIL STORES
Est. value
$16.4M
INDUSTRIAL (GENERAL)
Est. value
$13.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (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
1998
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Shekel Realty LP
Entity
Free & Clear · 1 yrs held
Mailing address
124 TUSTIN AVE STE #200, NEWPORT BEACH, CA 92663-4782
Ownership since
2024
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
Dec 18, 2024
—
Shekel Rlty Ali Baba Logistics Ctr
—
Deed
related
$53,808,400 · Broad Street Credit Holdings LLC
Aug 14, 2024
$9,400,000
Shekel Realty LP
Pcg Ali Baba Nv LLC
Bargain And Sale Deed
—
Jun 14, 2024
—
Pcg Ali Baba Nv LLC
Pelorus Fund Reit LLC
Quit Claim Deed
related
—
Apr 12, 2024
$5,000,000
Pelorus Fund Reit LLC
4145 West All Baba Ln Zav Next One
Trustees Deed
related
—
May 11, 2022
$10,800,000
4145 West Ali Baba Ln Zav Next One
Ali Baba Vegas LLC
Warranty Deed
$7,300,000 · Pelorus Fund Reit LLC
May 11, 2022
$3,544,591
The Engelbrecht Limited Partnership
Fortress Ali Baba LLC
Bargain And Sale Deed
—
Nov 6, 2015
$5,000,000
Fortress Ali Baba LLC
Alwyn Investments LLC
Grant Deed
—
May 23, 1997
—
Alwyn Investments LLC
Smits Van Oyen Trust
Grant Deed
$1,710,000 · Bankwest Of Nevada
Dec 24, 1996
$2,700,000
Svo Trust
Novex
Grant Deed
$1,900,000 · Seller
Feb 29, 1996
$475,000
Novex
Sarret,gordon S
Grant Deed
$215,000 · Sun State Bank
Jul 3, 1991
$201,830
Henry Carl D
Unknown
Grant Deed
—
—
—
Alwyn Investments LLC
—
Deed Of Trust
related
$2,900,000 · Riversource Life Insurance
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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