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Property profile & analytics
OFF-MARKET
Estimated value
$9,520,000
Distribution centers
5530 Arville St Las Vegas, NV 89118-6215
Individually Owned
17-yr Hold
Free & Clear
Property ID
US62-0384109
Property summary
AI-generated overview
This exceptional 10,277-square-foot flex space is part of a larger 119,582-square-foot industrial building located at 5530 S Arville St, Las Vegas, NV 89118. Built in 1998, the property features a 24-foot ceiling height, two dock-high doors, and one drive-in door, providing ample space and convenient loading capabilities. The building boasts 277/480V, 3-phase power, ideal for a variety of industrial and flex uses. The property is zoned IL and situated in Clark County, offering a prime location in the Southwest Las Vegas submarket. Its strategic location near major freeways, including I-15 and I-215, ensures easy access to Harry Reid International Airport and the broader Las Vegas metropolitan area. The surrounding area provides convenient amenities such as restaurants, banks, and retail stores. This location benefits from proximity to a robust labor pool and key regional suppliers and customers, enhancing logistical efficiency. The property is perfect for businesses seeking a functional and accessible space in a thriving area. The available space is part of a multi-tenant building.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
118,436 SF
Lot
9.39 ac (409,028 SF)
APN
162-30-801-001
UPID
US62-0384109
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
-
DeSoto Sales INC. Big Box & Wholesale Store
-
Evolv Surfaces Building Supply Hardware & Home Improvement
-
Audio Visual One Tech Support Center Rental Equipment Company
-
Revenue Media Group Marketing & Advertising Advertising Agency
-
Harrington Industrial Plastics Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.52M
Owner & transaction history
Eastgroup Props · 17 yrs held
Eastgroup Props
since 2009
3 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%
$14,240,000
6.5%
$13,145,000
7%
$12,205,000
Blend value · Realmo final
$9.52M
Range $8.57M – $10.47M · ±10%
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
$80 / 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
$104,138
Tax year 2023
Assessed value
$4,001,895
Assessed 2024
Previous assessed
$3,611,607
+10.8% YoY
Effective rate
2.60%
On assessed value
Assessed land
$1,159,594
Assessed improvement
$2,842,301
Land market value
$3,313,126
Improvement market value
$8,120,860
Total market value
$11,433,986
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
YES
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
118,436 SF
Lot
9.39 ac (409,028 SF)
APN
162-30-801-001
UPID
US62-0384109
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
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
9.39 ac
Current owner
From public records · entity-resolved
Eastgroup Props
Individual
Free & Clear · 17 yrs held
Mailing address
400 W PKWY PL STE #100, RIDGELAND, MS 39157-6005
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2009
$11,050,000
Eastgroup Props
Prologis
Grant Deed
—
Mar 20, 1998
$9,788,000
Jsc Mdn II
South Arville Center LP
Grant Deed
—
Apr 29, 1996
$1,632,000
South Arville Center LP
Hozz Trust
Grant Deed
$5,150,000 · Bank Of America 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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