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    Property profile & analytics

    5440 Procyon St Las Vegas, NV 89118-2402

    • Distribution centers
    • 40,228 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimation
    $690,000
    Location Intelligence
    Property ID
    US62-0235658
    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

    • Rexel / Electrical Supply Store / Electrical Equipment Supplier
    • TK Elevator Las Vegas / Elevator Service / Elevator Manufacturer

    Property Details for 5440 Procyon St

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    2.27 lot acres
    Property size
    40,228 SF
    Property type
    Distribution centers
    APN
    162-29-301-030
    APU
    16229301030

    Description

    Procyon West offers a 19,958-square-foot warehouse space for lease in Las Vegas' Southwest submarket. This single-story, 39,916-square-foot building, constructed in 1998, sits on a 2.27-acre lot and features a 20-foot ceiling height. The available space is part of a multi-tenant building. The property boasts 14 dock-high doors and 3 drive-in doors, ensuring efficient loading and unloading. Power is supplied by a 277/480V, 3-phase system. The property is zoned IL and its Clark County APN is 162-29-301-030. Its strategic location provides excellent access to Interstate 15 at Russell Road and the I-215 Beltway via Decatur Boulevard, offering convenient access to the Las Vegas Strip, convention centers, and Harry Reid International Airport. Numerous amenities are within walking distance. This prime location, combined with the building's functional design, makes it an ideal space for various industrial and distribution needs.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $700,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $780,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $810,000
      Retail
      $740,000
      Mixed-Use
      $795,000
      Hospitality
      $735,000
      Educational
      $845,000
      Residential Income
      $855,000
      Energy
      $855,000
      Income-Based Land
      $770,000
      Food Service
      $765,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.187
    Latitude
    36.0913
    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
    $28,606
    $415,300
    $653,269
    $1,068,569
    -
    $1,186,571
    $1,866,483
    $3,053,054

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    5440 Procyon St
    Las Vegas, NV 89118-2402
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    Realmo Value Estimation

    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.

    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.

    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
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