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    4355 Reno Ave Las Vegas, NV 89118-1603
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    Property profile & analytics

    4355 Reno Ave, Las Vegas, NV 89118-1603

    View on Map
    • Industrial properties
    • 15,410 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Dec 28, 2022
    $8,400,000
    Property ID
    US62-0208618
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $8,235,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chanley Farms Inc / Food Processing Plant
    • Swift Design & Metalcraft / Industrial Manufacturer
    • Champs Automotive / Auto Repair Shop
    • Executive Auto Service | We Bring The Shop To You | Exotic, Luxury, & Euro Car Repair / Auto Repair Shop

    Property Details for 4355 Reno Ave

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    2.00 lot acres
    Property type
    Industrial properties
    APN
    162-30-601-001
    APU
    16230601001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2022 $8,400,000 Dahsco Arville Business Center LLC Renoavenue LLC Bargain And Sale Deed $3.3M · American Business Bank
    Oct 21, 2021 $4,525,000 Renoavenue LLC Renville LLC Bargain And Sale Deed $3.4M · Rra Real Estate Debt Fund II Subsid
    Mar 15, 2016 $3,502,900 Renville LLC Arville Industrial Park LP Grant Deed —
    Sep 22, 2011 $1,880,000 Arville Industrial Park LP S & L LLC Grant Deed $1M · Riversource Life Insurance
    Feb 11, 2000 — S & L LLC Ventura,samuel & Rachel Grant Deed $1.5M · Unknown
    Dec 21, 1998 $2,100,000 Samuel Ventura Rocklin LLC Grant Deed $1.5M · Bankwest Of Nevada
    Jul 21, 1995 $355,000 Rocklin LLC G G & G Partnership Grant Deed —
    Dec 28, 1990 $355,000 G G & G Partnership Unknown Grant Deed —
    — — G G & G Partnership — Deed Of Trust · related $1.1M · American Bank Of Commerce
    — — S & L LLC — Deed Of Trust · related $2.5M · Union Bank Of California
    — — Sam Ventura — Deed Of Trust · related $1.3M · Mgrs Holdings LP

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,180,000
      ML approach
      $7,955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,938,000
      Market price range: $3.10M - $6.94M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $11,105,000
      COMMERCIAL (GENERAL)
      $9,745,000
      AUTO REPAIR, GARAGE
      $8,560,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,690,000
      RETAIL STORES
      $5,760,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.199
    Latitude
    36.0968
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,220
    $411,642
    $584,714
    $996,356
    -
    $1,176,120
    $1,670,611
    $2,846,731

    Comparable in this City

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      14,338 SF

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      HEAVY INDUSTRIAL
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    • Value Estimation by Request
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      INDUSTRIAL (GENERAL)
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    • Value Estimation
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      128,476 SF

      6185 Vly Vw Blvd

      INDUSTRIAL (GENERAL)
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      View Details
    • Value Estimation
      $5,180,000
      97,630 SF

      6283 Vly Vw Blvd

      INDUSTRIAL (GENERAL)
      6283 Vly Vw Blvd, Las Vegas, NV 89118-3897
      View Details
    • Value Estimation by Request
      1,800 SF

      5012 Arville St Ste, Unit 2

      INDUSTRIAL (GENERAL)
      5012 Arville St Ste, Las Vegas, NV 89118-1546
      View Details
    • Value Estimation by Request
      1,800 SF

      5012 Arville St Ste, Unit 3

      INDUSTRIAL (GENERAL)
      5012 Arville St Ste, Las Vegas, NV 89118-1546
      View Details

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    Similar Nearby for Lease

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      5,280 SF

      Industrial Space Available For Lease

      Industrial property with 5,280 square feet available for lease.
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      Industrial Property Fully Leased

      Industrial property in Las Vegas, currently 100% leased.
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      6,060 SF

      Industrial Space Available For Lease

      6,060 square feet of industrial space for lease.
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      2,340 SF

      Industrial Space Available in Las Vegas

      Industrial property offering 2,340 square feet for rent.
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      Functional Southwest Industrial/Office Flex Space

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    • $1.00 SF/Yr

      Industrial Property with Retail Frontage

      Freestanding industrial property with retail frontage and high visibility.
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    4355 Reno Ave
    Las Vegas, NV 89118-1603
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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