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Property profile & analytics
OFF-MARKET
Estimated value
$21,250,000
Distribution centers
5475 Wynn Rd Las Vegas, NV 89118-2353
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0348186
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
126,970 SF
Lot
7.73 ac (336,719 SF)
APN
162-30-701-024
UPID
US62-0348186
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
-
NMR Inc Film Production Television Studio
-
Event Logistics and Warehousing Freight Service Logistics Company
-
Soligent Production Facility
-
Coastal International Event Planning Wedding Service
-
NMR Events Rental Equipment Company Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.09M
Comparable Approach
Comparable
$18.86M
Blend (final)
Blend
$21.25M
Owner & transaction history
Sreit Wynn Road Vegas LLC · 4 yrs held
Sreit Wynn Road Vegas LLC
since 2021
Last sale
$26.7M
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,265,000
6.5%
$14,090,000
7%
$13,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$27,050,000
Current use
Blend value · Realmo final
$21.25M
Range $19.13M – $23.38M · ±10% · vs last sale $26.68M (Sep 28 2021)
Last sale anchor
$26.68M
Sep 28 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
$167 / 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
$89,534
Tax year 2023
Assessed value
$3,534,779
Assessed 2024
Previous assessed
$3,188,038
+10.9% YoY
Effective rate
2.53%
On assessed value
Assessed land
$795,499
Assessed improvement
$2,739,280
Land market value
$2,272,854
Improvement market value
$7,826,514
Total market value
$10,099,368
Applied tax rate
470.0000
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
1998
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
126,970 SF
Lot
7.73 ac (336,719 SF)
APN
162-30-701-024
UPID
US62-0348186
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
WAREHOUSE, STORAGE Current
Est. value
$27.1M
WAREHOUSE, STORAGE Current
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
1998
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
7.73 ac
Current owner
From public records · entity-resolved
Sreit Wynn Road Vegas LLC
Entity
Mailing address
1170 PEACHTREE ST NE STE #100, ATLANTA, GA 30309-7689
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
Sreit Wynn Road Vegas LLC
—
Deed
related
$1,162,500 · Goldman Sachs Bank USA
Sep 28, 2021
$26,680,000
Sreit Wynn Road Vegas LLC
Wynn Road LLC
Bargain And Sale Deed
$341,184,000 · Bank Of America NA
May 4, 2017
—
Wynn Road LLC
—
Deed
related
$6,100,000 · Miscellaneous Ins Co
Feb 29, 1996
$1,283,000
Wynn Road LLC
Ejm Development Co
Grant Deed
—
Sep 30, 1994
$850,000
Ejm Development Co
7032 Orangethorpe
Grant Deed
$575,000 · Seller
Mar 31, 1989
$480,000
Orangethorpe 7032
Unknown
Grant Deed
—
—
—
Wynn Road LLC
—
Deed Of Trust
related
$11,800,000 · Wells Fargo Bank
—
—
Wynn Road LLC
—
Deed Of Trust
related
$6,100,000 · Miscellaneous Ins Co
—
—
Wynn Road LLC
—
Deed Of Trust
related
$3,550,000 · State Farm Life Insurance Co
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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