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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Warehouses
4425 Stewart Ave Ste 114 Las Vegas, NV 89110-3301
Entity Owned
10-yr Hold
Free & Clear
Property ID
US62-0377062
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,700 SF
Lot
3.54 ac (154,202 SF)
APN
140-32-201-001
UPID
US62-0377062
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Stewart Square LLC · 10 yrs held
Stewart Square LLC
since 2015
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 Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$102 / 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
$24,963
Tax year 2023
Assessed value
$912,345
Assessed 2024
Previous assessed
$761,407
+19.8% YoY
Effective rate
2.74%
On assessed value
Assessed land
$404,780
Assessed improvement
$507,565
Land market value
$1,156,514
Improvement market value
$1,450,186
Total market value
$2,606,700
Applied tax rate
200.0000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
2
Stories
1
Units
334
Total area
22,700 SF
Lot
3.54 ac (154,202 SF)
APN
140-32-201-001
UPID
US62-0377062
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
2
Units
334
Lot
3.54 ac
Current owner
From public records · entity-resolved
Stewart Square LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1013 WHITNEY RNCH DR STE #110, HENDERSON, NV 89014-3209
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Stewart Square LLC
—
Deed
related
$3,053,647 · Us Bank NA
Oct 20, 2015
—
Stewart Square LLC
Armenian A & N Trust
Grant Deed
related
—
Jul 9, 2004
—
Armenian Adroushan & N Trust
Armenian Nora A Trust
Quit Claim Deed
related
$200,000 · Black Mountain Community Bank
Oct 17, 2001
—
Koutnouyan Trust
Corrigan Trust
Grant Deed
related
—
Jan 13, 2000
$1,550,000
Koutnouyan
Corrigon Trust
Grant Deed
$1,007,500 · Pioneer Citizens Bank Nevada
—
—
Stewart Square LLC
—
Deed Of Trust
related
$1,546,554 · Us Bk
—
—
Koutnouyan,tr
—
Deed Of Trust
related
$200,000 · Black Mountain Community Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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