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4325 Patrick Ln Las Vegas, NV 89118-6862

OFF-MARKET Manufacturing properties Google Maps
5,244 SF Built 2007
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.31M
Range $1.17M – $1.44M (±10%)
Property ID US62-0384105

Property summary

AI-generated overview

This exceptional 7,134-square-foot warehouse, located at 4325 West Patrick Lane, Suite 120, Las Vegas, NV 89118, presents a fantastic opportunity for businesses seeking a functional and well-maintained industrial space. The property boasts a Class B rating and was constructed in 2007. The building features two stories, offering approximately 2,175 square feet of two-story office space in addition to the warehouse area. The warehouse itself has a footprint of approximately 6,144 square feet and benefits from a 22-foot clear ceiling height, enhancing storage and operational efficiency. Loading is facilitated by two dock-high loading doors and one drive-in door, ensuring smooth and efficient goods movement. The property includes 14 total parking spaces and is situated on a 0.12-acre lot. Further enhancing its appeal are ESFR sprinklers, skylights for natural light, and a secured truck court on the west side of the building. The interior features two restrooms, above-standard tile, and fresh paint throughout. The property is zoned for Industrial Light use (IL) and has a 225-amp, 120/208V, 3-phase power supply. The current CAMs are $1,712.16 monthly ($.24 PSF). Conveniently located in the South West submarket of Las Vegas, with access from Hinson St. and W. Patrick Ln, this warehouse offers excellent accessibility and visibility. The APN is 162-31-712-006. This single-tenant warehouse is currently vacant.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2007
Construction CONCRETE
Total area 5,244 SF
APN 162-31-712-003
UPID US62-0384105

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Food Market
  • (Bike/Boat/Book/etc) Store Printing Service
  • Auto Parts Store
  • Business Management Consultant
  • Industrial Manufacturer Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.31M

Owner & transaction history

since 2020
Last sale
$1.1M
7 recorded transactions
2020
$1.1M
2016
$865,260
2016
Price N/A
2011
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $2.0M +17.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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