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Property profile & analytics
OFF-MARKET
Estimated value
$10,035,000
Manufacturing properties
5525 Polaris Ave Las Vegas, NV 89118-2416
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0155546
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Construction
CONCRETE
Total area
30,187 SF
Lot
2.26 ac (98,446 SF)
APN
162-29-401-004
UPID
US62-0155546
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
-
SAFE HQS Sports Field & Court Sports School
-
Raiders Image Clearance Warehouse Store Department Store
-
CSC Las Vegas Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.39M
Blend (final)
Blend
$10.04M
Owner & transaction history
Lv Stadium Events Company LLC · 3 yrs held
Lv Stadium Events Company LLC
since 2023
Last sale
$10.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.8M
+74.6%
Neighborhood: shopping center
$13.1M
+36.5%
Retail stores
$11.3M
+17.5%
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
$10,035,000
ML approach
$7,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,605,000
Current use
AUTO REPAIR, GARAGE
$16,765,000
Change: +75% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$13,105,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$11,285,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$8,770,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$10.04M
Range $9.03M – $11.04M · ±10% · vs last sale $10.61M (Feb 14 2023)
Last sale anchor
$10.61M
Feb 14 2023
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
$332 / 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
$30,890
Tax year 2023
Assessed value
$1,380,046
Assessed 2024
Previous assessed
$1,248,687
+10.5% YoY
Effective rate
2.24%
On assessed value
Assessed land
$413,473
Assessed improvement
$966,573
Land market value
$1,181,351
Improvement market value
$2,761,637
Total market value
$3,942,988
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
OTHER
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
30,187 SF
Lot
2.26 ac (98,446 SF)
APN
162-29-401-004
UPID
US62-0155546
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
INDUSTRIAL (GENERAL) Current
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$16.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
RETAIL STORES
Est. value
$11.3M
OFFICE BUILDING
Est. value
$8.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
2000
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Units
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Lv Stadium Events Company LLC
Entity
Mailing address
1475 RAIDERS WAY, HENDERSON, NV 89052-4604
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
$10,609,000
Lv Stadium Events Company LLC
Joianne Moffatt
Bargain And Sale Deed
—
Feb 14, 2023
—
Joianne Moffatt
Polaris Office Warehouse LLC
Bargain And Sale Deed
—
Dec 20, 1999
—
Polaris Office/warehouse LLC
—
Grant Deed
related
$1,400,000 · Nevada First Bank
Nov 24, 1999
—
Polaris Office/warehouse LLC
Kelly/mft LLC
Grant Deed
related
—
Nov 22, 1999
—
Kelly/mft LLC
Moffatt Trust
Trustees Deed
related
—
Jul 14, 1999
—
Moffatt Trust
Sunset Building Corp
Grant Deed
related
—
—
—
Polaris Office Of Warehouse LLC
—
Deed Of Trust
related
$1,320,000 · Bankwest Of Nevada
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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