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Property profile & analytics
OFF-MARKET
Estimated value
$7,430,000
Warehouses
5250 Craig Rd Las Vegas, NV 89115-2257
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0034820
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
110,557 SF
Lot
3.12 ac (135,907 SF)
APN
140-04-201-004
UPID
US62-0034820
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
-
U-Haul Moving & Storage at Nellis Air Force Base Storage Facility
-
U-Box at U-Haul Moving Company Storage Facility
-
Moving Supplies at U-Haul Big Box & Wholesale Store
-
Truck Rental at U-Haul Car Rental Facility
-
Self-Storage at U-Haul Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.43M
Owner & transaction history
Arec 19 LLC · 12 yrs held
Arec 19 LLC
since 2013
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
$67 / 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
$38,855
Tax year 2023
Assessed value
$1,511,566
Assessed 2024
Previous assessed
$1,375,902
+9.9% YoY
Effective rate
2.57%
On assessed value
Assessed land
$356,756
Assessed improvement
$1,154,810
Land market value
$1,019,303
Improvement market value
$3,299,457
Total market value
$4,318,760
Applied tax rate
340.0000
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
Stories
2
Units
847
Total area
110,557 SF
Lot
3.12 ac (135,907 SF)
APN
140-04-201-004
UPID
US62-0034820
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
Stories
2
Units
847
Lot
3.12 ac
Current owner
From public records · entity-resolved
Arec 19 LLC
Entity
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Aug 16, 2022
—
Arec 19 LLC
—
Deed
related
$156,000,000 · Voya Investment Management LLC
Nov 13, 2013
—
Arec 19 LLC
Arec Holdings LLC
Quit Claim Deed
related
$50,000,000 · Cantor Commercial Real Estate
Mar 6, 2012
$3,742,050
Amerco Real Estate Co
Stewart Title Of Nv Hldgs INC
Trustees Deed
—
Feb 17, 2012
$3,742,050
Amerco Real Estate Co
Stewart Title Of Nv Holdings
Trustees Deed
—
Apr 27, 2007
$6,500,000
Craig Nellis Investments LLC
Craig Road Mini Storage
Bargain And Sale Deed
—
Jun 29, 2000
—
Craig Road Mini Storage
—
Deed Of Trust
related
$3,100,000 · Wells Fargo Bank Nevada
Jul 22, 1997
$480,000
Craig Road Mini Storage
Wheel Of Gold INC
Grant Deed
—
—
—
Craig Road Mini Storage
—
Deed Of Trust
related
$3,000,000 · Owens Financial Group INC
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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