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Property profile & analytics
OFF-MARKET
Estimated value
$7,350,000
Warehouses
4888 Tropicana Ave Las Vegas, NV 89121-6768
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0429158
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
98,825 SF
Lot
2.23 ac (97,139 SF)
APN
161-20-801-006
UPID
US62-0429158
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
-
Discount-Divers Industrial Manufacturer Production Facility
-
Golden State Storage - Tropicana Storage Facility
-
SEO Investment Marketing & Advertising
-
las vegas home repair Hardware & Home Improvement General Contractor
-
Furniture Detour Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.35M
Owner & transaction history
Ojai Oil Company · 1 yrs held
Ojai Oil Company
since 2025
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
$74 / 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
$34,789
Tax year 2023
Assessed value
$1,362,059
Assessed 2024
Previous assessed
$1,231,487
+10.6% YoY
Effective rate
2.55%
On assessed value
Assessed land
$271,989
Assessed improvement
$1,090,070
Land market value
$777,111
Improvement market value
$3,114,486
Total market value
$3,891,597
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
2
Units
794
Total area
98,825 SF
Lot
2.23 ac (97,139 SF)
APN
161-20-801-006
UPID
US62-0429158
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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
794
Lot
2.23 ac
Current owner
From public records · entity-resolved
Ojai Oil Company
Entity
Free & Clear · 1 yrs held
Mailing address
4081 MSN OAKS BLVDA, CAMARILLO, CA 93012-5156
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
Jun 24, 2025
—
Ojai Oil Company
Golden State Storage One LLC
Bargain & Sale Deed
—
May 8, 2017
—
Golden State Storage One LLC
Ojai Oil Co
Trustees Deed
related
$12,500,000 · A10 Cap
Nov 19, 2012
$3,750,000
Ojai Oil Co
4888 Tropicana LLC
Grant Deed
—
Jan 3, 2003
$3,825,000
4888 Tropicana LLC
Stonebridge LP
Grant Deed
$2,868,000 · Collateral Mortgage Capital
Aug 27, 1996
—
Stonebridge LP
—
Grant Deed
related
$2,777,000 · Bankwest Of Nevada
Apr 24, 1996
—
Stonebridge LP
Dell R Nielson Trustee
Quit Claim Deed
related
—
Jan 23, 1996
$578,000
Dell R Nielson Trustee
Tropicana Investments
Grant Deed
—
Nov 23, 1994
$275,000
Tropicana Investments
Meyer,roger W & Karen A
Quit Claim Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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