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Property profile & analytics
OFF-MARKET
Estimated value
$54,800,000
Distribution centers
5365 Riley St Las Vegas, NV 89148-1573
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0018386
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Total area
75,824 SF
Lot
4.78 ac (208,217 SF)
APN
163-29-712-029
UPID
US62-0018386
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
-
Marquis Exhibits Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$54.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$54.80M
Owner & transaction history
Egp SR Las Vegas 1031 LLC · 2 yrs held
Egp SR Las Vegas 1031 LLC
since 2024
Last sale
$54.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$54.6M
+286.6%
Commercial (general)
$48.0M
+239.3%
Auto repair, garage
$42.1M
+197.9%
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
$54,800,000
ML approach
$54,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$54,645,000
Change: +287% · Conversion: Difficult
COMMERCIAL (GENERAL)
$47,955,000
Change: +239% · Conversion: Difficult
AUTO REPAIR, GARAGE
$42,115,000
Change: +198% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$32,915,000
Change: +133% · Conversion: Moderate
Blend value · Realmo final
$54.80M
Range $49.32M – $60.28M · ±10% · vs last sale $54.80M (Jan 23 2024)
Last sale anchor
$54.80M
Jan 23 2024
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
$723 / 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
$80,437
Tax year 2023
Assessed value
$3,656,586
Assessed 2024
Previous assessed
$967,064
+278.1% YoY
Effective rate
2.20%
On assessed value
Assessed land
$1,066,175
Assessed improvement
$2,590,411
Land market value
$3,046,214
Improvement market value
$7,401,174
Total market value
$10,447,388
Applied tax rate
417.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
75,824 SF
Lot
4.78 ac (208,217 SF)
APN
163-29-712-029
UPID
US62-0018386
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
RESTAURANT
Est. value
$54.6M
COMMERCIAL (GENERAL)
Est. value
$48.0M
AUTO REPAIR, GARAGE
Est. value
$42.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.9M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2023
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.78 ac
Current owner
From public records · entity-resolved
Egp SR Las Vegas 1031 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2141 E CAMELBACK RD STE #250, PHOENIX, AZ 85016-4766
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
$54,800,000
Egp SR Las Vegas 1031 LLC
Spanish Ridge Industrial Owner LLC
Bargain And Sale Deed
—
Dec 15, 2021
—
County Of Clark
Spanish Ridge Industrial Owner LLC
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.
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