Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5035 Geist Ave Las Vegas, NV 89115-3196

    • Warehouses
    • 12,160 SF
    • 1.04 lot acres
    OFF-MARKET
    Last Sale
    Sep 27, 2022
    $2,650,000
    Value Estimations
    $2,075,000
    Show details
    Cap Rate Potential
    5.9%
    Warehouses
    Location Intelligence
    Property ID
    US62-0744268
    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

    • LV Wedding Photographer & Videographer / Wedding Photographer

    Property Details for 5035 Geist Ave

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    1.04 lot acres
    Property size
    12,160 SF
    Property type
    Warehouses
    APN
    140-17-611-010
    APU
    14017611010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,225,000
      ML approach
      $2,330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,175,000
      6.5%
      $2,005,000
      7%
      $1,860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,770,000
      Market price range: $1.36M - $2.74M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,950,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.064
    Latitude
    36.2122
    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
    $10,813
    $174,413
    $295,135
    $469,548
    -
    $498,323
    $843,243
    $1,341,566

    Comparable in this City

    • Value Estimation by Request
      115,012 SF

      6120 Speedway Blvd

      Distribution properties • 115,012 SF
      6120 Speedway Blvd, Las Vegas, NV 89115
      View Details
    • Value Estimation
      $190,000
      0.02 Acres

      4300 Pecos Rd Ste, Unit 17

      WAREHOUSE, STORAGE • 0.02 Acres
      4300 Pecos Rd Ste, Las Vegas, NV 89115-0141
      View Details
    • Value Estimation
      $185,000
      0.03 Acres

      4300 Pecos Rd, Unit 65

      WAREHOUSE, STORAGE • 0.03 Acres
      4300 Pecos Rd, Las Vegas, NV 89115-0139
      View Details
    • Value Estimation
      $290,000
      0.70 Acres

      Las Vegas, NV 89115

      MINI-WAREHOUSE, STORAGE • 0.70 Acres
      Las Vegas, NV 89115
      View Details
    • Value Estimation
      $400,000
      8,239 SF

      4825 Carey Ave

      WAREHOUSE, STORAGE • 8,239 SF
      4825 Carey Ave, Las Vegas, NV 89115-5510
      View Details
    • Value Estimation
      $1,045,000
      621,824 SF

      5675 Ann Rd

      WAREHOUSE, STORAGE • 621,824 SF
      5675 Ann Rd, Las Vegas, NV 89115-2352
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      141,540 SF

      Las Vegas Logistics Center A

      141,540 SF Warehouse - Q2 2025 Delivery
      4340 Nellis Blvd, Las Vegas, NV 89115
      View Details
    • $36,800,487
      50,294 SF

      Industrial Pharmaceutical Clean Room Facility

      New 50,294 SF industrial facility with clean room and offices.
      5795 N Hollywood Blvd, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      101,332 SF

      Industrial Warehouse Space Available

      101,332 SF warehouse space in Las Vegas, Nevada.
      3921 E Cheyenne Ave, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      41,190 SF

      Las Vegas Warehouse: 41,190 SF

      Modern Class A warehouse for lease/sale.
      4375 Cheyenne Ave, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      134,114 SF

      Nellis Logistics Center: Prime Las Vegas Industrial Space

      134,114 SF Warehouse, Excellent Location
      2327 Nellis Blvd, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      145,630 SF

      Industrial Warehouse Space in Las Vegas

      145,630 SF warehouse space available in Las Vegas.
      4375 E Cheyenne Ave, Las Vegas, NV 89115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      669,975 SF

      Speedway North Distribution Center

      Las Vegas industrial space available.
      0 Belt Rd, Las Vegas, NV 89115
      View Details
    • $0.82 SF/Yr
      333,160 SF

      Speedway Commerce Center I

      North Las Vegas Office/Warehouse Space
      & I-15 Speedway Blvd, Las Vegas, NV 89115
      View Details
    • $1.17 SF/Yr
      3,473 SF

      Industrial Space with Loading Doors

      3,473 SF industrial space featuring dock and grade doors.
      6969 Speedway Blvd, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      37,622 SF

      Industrial Space in Speedway Area

      Industrial space for sublease in North Las Vegas submarket.
      6050 East Tropical Pkwy, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      166,143 SF

      Industrial Warehouse Space Available

      166,143 SF industrial space for lease in Las Vegas.
      6400 E Azure Ave, Las Vegas, NV 89115
      View Details
    • Contact for pricing
      6,196 SF

      Freestanding Building in North Las Vegas

      Freestanding building with exposure on Lamb Boulevard.
      4322 E Alexander Rd, Las Vegas, NV 89115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5035 Geist Ave
    Las Vegas, NV 89115-3196
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.