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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Warehouses
4254 Martin L King Blvd North Las Vegas, NV 89032-3101
Entity Owned
Free & Clear
Property ID
US62-0619166
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
74,900 SF
Lot
2.16 ac (94,090 SF)
APN
139-04-715-001
UPID
US62-0619166
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Mlk LLC
Mlk LLC
since 2025
Last sale
$1.1M
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
Method
Estimation
Statistic approach
$1,175,000
ML approach
$1,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.10M (Nov 20 2020)
Last sale anchor
$1.10M
Nov 20 2020
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
$17 / 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
$55,340
Tax year 2023
Assessed value
$2,031,737
Assessed 2024
Previous assessed
$1,772,900
+14.6% YoY
Effective rate
2.72%
On assessed value
Assessed land
$411,644
Assessed improvement
$1,620,093
Land market value
$1,176,126
Improvement market value
$4,628,837
Total market value
$5,804,963
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
YES
Cooling
EVAPORATIVE
Buildings
2
Stories
2
Total area
74,900 SF
Lot
2.16 ac (94,090 SF)
APN
139-04-715-001
UPID
US62-0619166
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
2021
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
2.16 ac
Current owner
From public records · entity-resolved
Mlk LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1100 E 6600TH S STE #201, MURRAY, UT 84121-7410
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Mlk LLC
Towne Storage Mlk Properties LLC
Bargain & Sale Deed
—
Nov 21, 2025
$104,000
Extra Space Properties 184 LLC
Gary Storage Holdings LLC
Bargain & Sale Deed
—
Jan 4, 2022
—
Towne Storage Mlk Lc
—
Deed
related
$5,387,596 · Security Service FCU
Jan 14, 2021
—
Towne Storage Mlk Properties LLC
—
Deed
related
$3,767,354 · Security Service FCU
Nov 20, 2020
$1,100,000
Towne Storage Mlk Prop Lc
Flanders M L K Investors LLC
Grant Deed
—
Jun 1, 2017
—
Flanders Mlk Investors LLC
—
Deed
related
$150,000 · Lcaa Investment LLC
Jun 20, 2016
$21,047
Flanders Mlk Investors LLC
Tax Receiver Of Clark County
Tax Deed
—
Feb 19, 2013
—
Flanders Mlk Investors LLC
Mitman,debra R
Grant Deed
related
—
Nov 15, 2011
—
Debra R Mitman
Community Bk Of Nv
Grant Deed
related
—
Mar 18, 2009
$2,516,482
Community Bk Of Nv
First American Title Ins
Trustees Deed
related
—
Jun 10, 2008
$1,200,000
Community Bank Of Nevada
Chicago Title Of Nevada INC
Trustees Deed
related
—
—
—
Flanders Mlk Investors LLC
—
Deed Of Trust
related
$150,000 · Lcaa Investment LLC
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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