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Property profile & analytics
OFF-MARKET
Estimated value
$3,165,000
Office buildings
4370 Cheyenne Ave North Las Vegas, NV 89032-2485
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0391858
Property summary
AI-generated overview
This exceptional 12,999+/- square foot commercial building, situated on a 1.28-acre lot in North Las Vegas, Nevada (APN 139-07-417-012), presents a compelling investment opportunity. Built in 2005, this single-story structure is currently 100% occupied under a triple-net (NNN) lease by Calvary Chapel Meadow Mesa. The property boasts a full kitchen equipped with a walk-in cooler, walk-in freezer, stainless steel appliances, and granite countertops. Zoned PUD (Planned Unit Development) by the City of North Las Vegas, this property offers a stable income stream with a current annual rent of $26,285.66, inclusive of taxes and association dues. The building's single-tenant occupancy and NNN lease structure minimize landlord responsibilities and maximize return on investment. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The asking price is $3,800,000. Serious inquiries only.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2005
Construction
FRAME
Total area
12,073 SF
Lot
1.23 ac (53,579 SF)
APN
139-07-417-012
UPID
US62-0391858
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
-
Voices in the Wilderness Church
-
Calvary Chapel Meadow Mesa Church
-
Cheyenne Valley Development Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$3.17M
Owner & transaction history
Discovery Church Of Assemblies Of G · 1 yrs held
Discovery Church Of Assemblies Of G
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+26.5%
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
$2,835,000
ML approach
$2,680,000
CAP Approach
CAP Return
Estimation
6%
$2,975,000
6.5%
$2,745,000
7%
$2,550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,905,000
Current use
AUTO REPAIR, GARAGE
$4,940,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$3,485,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$3.17M
Range $2.85M – $3.48M · ±10% · vs last sale $3.58M (Mar 26 2025)
Last sale anchor
$3.58M
Mar 26 2025
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
$262 / 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
$9,515
Tax year 2023
Assessed value
$595,032
Assessed 2024
Previous assessed
$531,482
+12.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$178,150
Assessed improvement
$416,882
Land market value
$509,000
Improvement market value
$1,191,091
Total market value
$1,700,091
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
12,073 SF
Lot
1.23 ac (53,579 SF)
APN
139-07-417-012
UPID
US62-0391858
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
OFFICE BUILDING Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Discovery Church Of Assemblies Of G
Entity
Mailing address
7561 CORVINA AVE, LAS VEGAS, NV 89113-6175
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
$3,580,000
Discovery Church Of Assemblies Of G
Positive Changes 2022 LLC
Bargain & Sale Deed
$2,500,000 · Jeff Ames Etux
Apr 28, 2022
$3,600,000
Positive Changes 2022 LLC
Series Cvg Retail
Bargain And Sale Deed
$2,500,000 · Series Cvg Retail
Jul 9, 2020
—
Lbcb LLC
Lbcb LLC Series Cvg Retail
Correction Deed
related
—
Jun 8, 2010
—
Lbcb LLC Series Cvg Retail
Cvg Retail LLC
Quit Claim Deed
related
—
Sep 15, 2005
—
Cvg Retail LLC
Chey33 LLC
Grant Deed
—
—
—
Lbcb LLC Series Cvg Retail
—
Deed Of Trust
related
$890,500 · Northern Trust Co
—
—
Lbcb LLC Series Cvg Retail
—
Deed Of Trust
related
$2,500,000 · First Sec Bk/nv
—
—
Series Cvg Retail
—
Loan Modification
related
—
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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