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Property profile & analytics
FOR LEASE
Retail space
4740 S Decatur Blvd Las Las Vegas, NV 89103
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-0382336
For Lease
1 / 18
$4,695,000
4740 S Decatur Blvd,Unit Las, Las Vegas, NV 89103
View Listing →
Property summary
AI-generated overview
This exceptional commercial property offers ±9,300 square feet of street-front retail space combined with warehouse functionality, ideally situated on Decatur Boulevard in Las Vegas, Nevada. The space features approximately 3,200 square feet of showroom space with high visibility from the street, complemented by roughly 6,100 square feet of clear-span warehouse area. The building boasts a 15-foot ceiling height, four drive-in doors, and ample power (400 amps, 120/208 volt, 3-phase
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
STEEL FRAME
Total area
25,609 SF
Lot
2.14 ac (93,218 SF)
APN
162-19-401-002
UPID
US62-0382336
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
-
Flooring Depot LV Carpet & Flooring Store Hardware & Home Improvement
-
Tellworks Communications Warehouse & Storage
-
Harbor Freight Tools Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
National Retail Properties LP · 7 yrs held
National Retail Properties LP
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,745,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±10%
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
$183 / 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
$23,433
Tax year 2023
Assessed value
$913,629
Assessed 2024
Previous assessed
$816,239
+11.9% YoY
Effective rate
2.56%
On assessed value
Assessed land
$409,134
Assessed improvement
$504,495
Land market value
$1,168,954
Improvement market value
$1,441,414
Total market value
$2,610,368
Applied tax rate
470.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
25,609 SF
Lot
2.14 ac (93,218 SF)
APN
162-19-401-002
UPID
US62-0382336
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
WAREHOUSE, STORAGE
Est. value
$7.7M
WAREHOUSE, STORAGE
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
1991
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 7 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2019
$6,042,045
National Retail Properties LP
Las Vegas 4740 LLC
Grant Deed
—
Apr 10, 2017
$2,240,000
Las Vegas 4740 LLC
Smidt Family Trust
Grant Deed
—
Mar 23, 2017
$2,240,000
Las Vegas 4740 LLC
Smidt Family Trust
Grant Deed
—
Apr 13, 2016
—
Smidt Family Trust
Smidt,allan E
Affidavit Of Death
related
—
Mar 19, 2014
—
Smidt Family Trust
Smidt Family Trust
Quit Claim Deed
related
—
Jan 31, 1997
$2,200,000
Smidt Trust
Poole Morgan LLC
Grant Deed
—
Dec 31, 1996
—
Poole-morgan LLC
Poole Enterprises INC
Quit Claim Deed
related
—
Dec 30, 1988
$400,000
Crystal Palace Vegas III INC
Unknown
Grant Deed
—
—
—
Poole Morgan LLC
—
Deed Of Trust
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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