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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5710 Simmons St North Las Vegas, NV 89031-9900

    • Office buildings
    • 13,194 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Aug 06, 2021
    $3,300,000
    Value Estimations
    $3,475,000
    Show details
    Cap Rate Potential
    4.3%
    Office buildings
    Location Intelligence
    Property ID
    US62-0267925
    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

    • Self Made Cutz Luxury / Barber Shop
    • Brilliance Beauty Lounge / Hair Salon / Nail Salon
    • I Love LASHES / Hair Salon / Nail Salon
    • Tava Pah Massage Therapy / Alternative Medicine Practice / Spa & Massage Center
    • VP Studios / Hair Salon / Nail Salon

    Property Details for 5710 Simmons St

    Year built
    2006
    Construction
    FRAME
    Lot size
    1.10 lot acres
    Property size
    13,194 SF
    Property type
    Office buildings
    APN
    124-29-801-007
    APU
    12429801007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,550,000
      ML approach
      $4,225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,250,000
      6.5%
      $3,000,000
      7%
      $2,785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,319,000
      Market price range: $2.32M - $7.15M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,270,000
      Current use
      AUTO REPAIR, GARAGE
      $5,400,000
      Change: +26% Conversion: Difficult
      MEDICAL BUILDING
      $3,810,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.179
    Latitude
    36.2637
    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
    $20,225
    $249,044
    $454,094
    $703,138
    -
    $711,554
    $1,297,411
    $2,008,965

    Comparable in this City

    • Value Estimation
      $1,690,000
      5,056 SF

      3930 Ann Rd

      OFFICE BUILDING • 5,056 SF
      3930 Ann Rd, North Las Vegas, NV 89031-3841
      View Details
    • Value Estimation by Request
      2,537 SF

      3850 Ann Rd

      OFFICE BUILDING • 2,537 SF
      3850 Ann Rd, North Las Vegas, NV 89031-4406
      View Details
    • Value Estimation
      $1,090,000
      5,894 SF

      5181 Camino Al Norte

      OFFICE BUILDING • 5,894 SF
      5181 Camino Al Norte, North Las Vegas, NV 89031-2417
      View Details
    • Value Estimation
      $585,000
      2,528 SF

      3830 Ann Rd

      OFFICE BUILDING • 2,528 SF
      3830 Ann Rd, North Las Vegas, NV 89031-4402
      View Details
    • Value Estimation
      $2,510,000
      1,374 SF

      3970 Ann Rd

      OFFICE BUILDING • 1,374 SF
      3970 Ann Rd, North Las Vegas, NV 89031-3852
      View Details
    • Value Estimation
      $1,215,000
      4,860 SF

      855 Lone Mtn Rd

      OFFICE BUILDING • 4,860 SF
      855 Lone Mtn Rd, North Las Vegas, NV 89031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,564 SF

      North Las Vegas Office Opportunity

      Strategically located office building near essential services and major highways.
      3820 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • $4,130,860
      4,240 SF

      New Heartland Dental NNN Lease

      New construction NNN lease with corporate guaranty by Heartland Dental.
      4372 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • $6,996,000
      5.83 Acres

      North Las Vegas Commercial Land

      ±5.83 Acres, C2 Zoning, Prime Location
      4540 Commerce St, North Las Vegas, NV 89031
      View Details
    • $325,000
      1,323 SF

      Immaculate Home in Gated Community

      3-bedroom, 2-bath home with updated features in gated community.
      4764 Wild Draw Dr, North Las Vegas, NV 89031
      View Details
    • $5,100,000
      5.42 Acres

      North Las Vegas Commercial Land

      5.42 Acres, Prime Location, $5.1M
      0 Decatur Blvd, North Las Vegas, NV 89031
      View Details
    • Contact for pricing
      1,056 SF

      Comfortable Condo with Community Amenities

      Two-bedroom condo with modern features and community perks.
      5855 Valley Dr, North Las Vegas, NV 89031
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      North Las Vegas Office Space

      Prime location with modern design and flexible floor plans.
      3920 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • $1.75 SF/Yr

      North Las Vegas Customizable Offices

      Modern office spaces with ample parking and easy transportation access.
      5105 Camino Al Norte, North Las Vegas, NV 89031
      View Details
    • $2 SF/Yr

      North Las Vegas Office Space

      Contemporary office space with flexible floor plans in North Las Vegas.
      3920 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • $46 SF/Yr
      2,990 SF

      Ann Valley Plaza: Pad Space Available

      New Medical/Retail Space, Clark County
      0 Ann Rd And Vly Dr, North Las Vegas, NV 89031
      View Details
    • $1.75 SF/Yr
      13,718 SF

      Modern Office Space in Nevada

      Customizable office spaces in a prime North Las Vegas location.
      5105 Camino Al Norte, North Las Vegas, NV 89031
      View Details
    • $1.55 SF/Yr

      Versatile Commercial Space in North Las Vegas

      Sophisticated sublease opportunity suitable for offices or medical practices.
      5135 Camino Al Norte, North Las Vegas, NV 89031
      View Details
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    5710 Simmons St
    North Las Vegas, NV 89031-9900
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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