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Property profile & analytics
FOR LEASE
Warehouses
4220 W Craig Rd North Las Vegas, NV 89032
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-1276324
For Lease
1 / 2
$18 SF/Yr
4220 W Craig Rd, North Las Vegas, NV 89032
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
23,400 SF
Lot
1.57 ac (68,389 SF)
APN
140-06-610-019
UPID
US62-1276324
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
-
Source Academy and Early Learning Center Daycare Center
-
Kimber Wright Foster Care Service Social Service Agency
-
Community Health, Empowerment, and Support Services (C.H.E.S.S) Crisis Center Medical Clinic
-
Affordable Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
4116 West Craig Road Ll LLC M · 8 yrs held
4116 West Craig Road Ll LLC M
since 2018
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$90 / 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
$20,335
Tax year 2023
Assessed value
$845,013
Assessed 2024
Previous assessed
$781,704
+8.1% YoY
Effective rate
2.41%
On assessed value
Assessed land
$323,138
Assessed improvement
$521,875
Land market value
$923,251
Improvement market value
$1,491,071
Total market value
$2,414,322
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
For Lease
Year built
1997
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
23,400 SF
Lot
1.57 ac (68,389 SF)
APN
140-06-610-019
UPID
US62-1276324
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
1997
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
4116 West Craig Road Ll LLC M
Entity
Mailing address
4901 DENSMORE AVE, ENCINO, CA 91436-1537
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Pico Vegas LLC
—
Deed
related
$1,120,000 · Lc Equity Group INC
May 24, 2019
—
4116 West Craig Road Ll LLC
—
Grant Deed
related
$5,500,000 · City Nat'l Bk
Jun 29, 2018
$9,187,500
4116 West Craig Road Ll LLC M
Marker Craig LLC
Grant Deed
—
Mar 19, 2018
—
Marker Craig LLC
—
Deed
related
$5,823,830 · Thorofare Asset Based Lndg Rei
Jan 23, 2017
—
Marker Craig LLC
—
Grant Deed
related
$5,750,000 · Thorofare Asset Based Lndg Fun
Mar 19, 2007
—
Howard S Rubin
Rubin,howard S
Quit Claim Deed
$1,600,000 · Bank Of The West
Jul 11, 2005
$2,400,000
Howard S Rubin
4220 LLC
Grant Deed
$1,580,000 · Security National Life Ins
Jul 9, 1999
—
4220 LLC
Butler,gerald D & Judith L
Grant Deed
$1,030,000 · Chase Manhattan Bank
Sep 30, 1997
—
Gerald D Butler
Butler,gerald D & Judith L
Quit Claim Deed
related
$600,000 · Interstate Mortgage Group INC
Jan 3, 1997
$720,000
Gerald D Butler
Milan T Trust
Grant Deed
$550,000 · Security Trust Co
Feb 12, 1991
$162,780
Milan,t Trust
Unknown
Grant Deed
—
—
—
Gerald D Butler
—
Deed Of Trust
related
$500,000 · Norwest Bank Nevada
—
—
4118 Craig Road LLC
—
Deed Of Trust
related
$350,000 · Desert Community Bank
—
—
Pico Vegas LLC
—
Deed Of Trust
related
$875,000 · Meadows Bank
—
—
Gerald D Butler
—
Deed Of Trust
related
$250,000 · Bankwest Of Nevada
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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