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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4490 Business Ctr Way Las Vegas, NV 89118-2255

    • Industrial properties
    • 7,878 SF
    • 1.32 lot acres
    OFF-MARKET
    Last Sale
    Apr 23, 2020
    $4,832,607
    Value Estimations
    $4,845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0439291
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 4490 Business Ctr Way

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    1.32 lot acres
    Property size
    7,878 SF
    Property type
    Industrial properties
    APN
    162-30-310-004
    APU
    16230310004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,530,000
      ML approach
      $5,490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,547,000
      Market price range: $1.58M - $3.55M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,680,000
      COMMERCIAL (GENERAL)
      $4,985,000
      AUTO REPAIR, GARAGE
      $4,375,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,420,000
      RETAIL STORES
      $2,945,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.201
    Latitude
    36.0915
    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
    $12,711
    $271,683
    $353,148
    $624,831
    -
    $776,237
    $1,008,994
    $1,785,231

    Comparable in this City

    • Value Estimation by Request

      5330 Cameron St

      Flex space
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    • Value Estimation
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      23,060 SF

      4975 Rogers St

      INDUSTRIAL (GENERAL) • 23,060 SF
      4975 Rogers St, Las Vegas, NV 89118-1506
      View Details
    • Value Estimation
      $2,710,000
      45,200 SF

      4690 Teco Ave

      HEAVY INDUSTRIAL • 45,200 SF
      4690 Teco Ave, Las Vegas, NV 89118-4353
      View Details
    • Value Estimation
      $4,880,000
      85,980 SF

      6225 Vly Vw Blvd

      INDUSTRIAL (GENERAL) • 85,980 SF
      6225 Vly Vw Blvd, Las Vegas, NV 89118-6810
      View Details
    • Value Estimation by Request
      35,656 SF

      6625 Vly Vw Blvdc

      INDUSTRIAL (GENERAL) • 35,656 SF
      6625 Vly Vw Blvdc, Las Vegas, NV 89118-4527
      View Details
    • Value Estimation
      $1,085,000
      5,787 SF

      6635 Badura Ave

      INDUSTRIAL (GENERAL) • 5,787 SF
      6635 Badura Ave, Las Vegas, NV 89118-4674
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,607 SF

      Industrial Property in Las Vegas

      20,607 SF industrial property available for sale.
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      View Details
    • $9,500,000
      20,980 SF

      Las Vegas Multi-Use Property

      Versatile industrial space; event center potential.
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    • $7,200,000
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      Industrial Building with Retail Buildout

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      18,788 SF

      Las Vegas Warehouse/Showroom with Billboard

      Warehouse/showroom in Stadium District with billboard income and accessibility improvements.
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    • $3,288,800
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      Single-Tenant Office Building Near Freeway

      Freestanding office building with flexible space and convenient freeway access.
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    • Contact for pricing
      20,221 SF

      Las Vegas Warehouse Space

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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Las Vegas, currently 100% leased.
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      View Details
    • $17 SF/Yr
      5,280 SF

      Industrial Space Available For Lease

      Industrial property with 5,280 square feet available for lease.
      5280 S Valley View Blvd, Las Vegas, NV 89118
      View Details
    • $18 SF/Yr
      6,060 SF

      Industrial Space Available For Lease

      6,060 square feet of industrial space for lease.
      4109 Wagon Trail Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      2,340 SF

      Industrial Space Available in Las Vegas

      Industrial property offering 2,340 square feet for rent.
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      View Details
    • $84,000
      130,680 SF

      Southwest Industrial Land Opportunity

      3-Acre Industrial Lot, Build-to-Suit Available
      6280 Mohawk St, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      39,475 SF

      Las Vegas Warehouse: 39,475 SF

      Industrial warehouse, 11.81 acres, available Feb 1, 2025.
      6065 Polaris Ave, Las Vegas, NV 89118
      View Details
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    4490 Business Ctr Way
    Las Vegas, NV 89118-2255
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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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