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Property profile & analytics
FOR LEASE
Office buildings
5135 Camino Al Norte North Las Vegas, NV 89031
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0243249
For Lease
1 / 20
$7,290,000
5135 Camino Al Norte, North Las Vegas, NV 89031
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
CONCRETE
Total area
46,871 SF
Lot
2.61 ac (113,692 SF)
APN
124-33-718-003
UPID
US62-0243249
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
-
Robert Kutner Physician Medical Clinic
-
Sufficient Grace Counselling Psychotherapist
-
Acute Care Of Nevada Crisis Center Medical Clinic
-
Ever Evolving Counseling Center LLC Counselor
-
Farmers Insurance - Kyle Ambrose Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.54M
Blend (final)
Blend
$7.29M
Owner & transaction history
Rawhide Holdings LLC · 4 yrs held
Rawhide Holdings LLC
since 2021
Last sale
$5.7M
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$7,790,000
ML approach
$7,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±10% · vs last sale $5.65M (Aug 27 2021)
Last sale anchor
$5.65M
Aug 27 2021
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
$156 / 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
$73,518
Tax year 2023
Assessed value
$2,816,209
Assessed 2024
Previous assessed
$2,722,388
+3.4% YoY
Effective rate
2.61%
On assessed value
Assessed land
$646,623
Assessed improvement
$2,169,586
Land market value
$1,847,494
Improvement market value
$6,198,817
Total market value
$8,046,311
Applied tax rate
250.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2004
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
46,871 SF
Lot
2.61 ac (113,692 SF)
APN
124-33-718-003
UPID
US62-0243249
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
2004
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
2.61 ac
Current owner
From public records · entity-resolved
Rawhide Holdings LLC
Entity
Mailing address
6140 BRENT THURMAN WAY #140, LAS VEGAS, NV 89148-5016
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
—
Rawhide Holdings LLC
—
Deed
related
$3,955,000 · First Savings Bank
Aug 27, 2021
$5,650,000
Rawhide Holdings LLC
Kfre Camino LLC
Bargain And Sale Deed
$1,500,000 · First Savings Bank
Sep 29, 2017
—
Kfre Camino LLC
—
Grant Deed
related
$63,588,333 · Yosemite Land Bk
Dec 31, 2008
—
Kelley Bryan 1993 Living Trust
Gbrk LLC
Grant Deed
—
Jul 30, 2007
$12,100,000
James J Stevinson
Camino At Norte Holdings LLC
Grant Deed
$4,200,000 · Bank Of The West
Apr 26, 2007
—
Camino Al Norte Holdings LLC
Camino Al Norte Ventures LLC
Quit Claim Deed
—
Dec 29, 2004
—
Camino Al Norte Ventures LLC
—
Trustees Deed
related
$7,882,795 · Nevada State Bank
—
—
Kfre Camino LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
—
—
Camino Al Norte Ventures LLC
—
Deed Of Trust
related
$1,078,703 · Nevada State Bank
—
—
Camino Al Norte Ventures LLC
—
Deed Of Trust
related
$1,078,703 · Nevada State 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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