Entity Owned
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For Sale
Contact for pricing
4370 W Cheyenne Ave, North Las Vegas, NV 89032
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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
Current use
Occupant on record · Public records
-
Church
-
Church
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$2.84M
Owner & transaction history
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$4.9M
+26.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.84M
Value range
$2.55M – $3.12M
±10% around blend
Estimated value / SF
$235 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$2.55M
blend $2.84M
$3.12M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,073 SF
Lot area
1.23 ac
Year built
2005
Stories
1
APN
139-07-417-012
Assessed value
$595,032
Annual tax
$9,515
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.75M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.98M
@ 6.5% CAP return
$2.75M
@ 7% CAP return
$2.55M
4
Sales comparison
Partial preview
Sales approach indication
$1.86M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.6 mi away · 9,784 SF
4.8 mi away · 8,500 SF
5.0 mi away · 9,312 SF
5.2 mi away · 12,488 SF
8.2 mi away · 10,269 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.84M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 42 sales
$323
-27%
County 1070 sales
$300
-22%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $235/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+26%
vs current-use indication
Office Building · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
6.30%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.30%
9.0%
NOI (est.)
$251k *
Last sale · Mar 2025
$3.58M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.98M
Move the market yield to see immediate price impact.
Value / SF
$329
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.80%6.30%6.80%
$226k
$3.89M
$3.58M
$3.32M
$251k
$4.32M
$3.98M
$3.69M
$276k
$4.75M
$4.38M
$4.05M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$430k
3.1 mi · Nov 2025 · $50/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
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
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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