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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
5870 Construction Ave Las Vegas, NV 89122-7332
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-0174978
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
4,942 SF
Lot
0.5 ac (21,780 SF)
APN
161-27-410-005
UPID
US62-0174978
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
-
Rafael Construction Inc Construction Company
-
High Point Construction Inc Construction Company
-
First Source Signs Las Vegas Vehicle Wraps - Car Wraps - Auto Wraps - Wall Wraps (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$377k
Blend (final)
Blend
$555k
Owner & transaction history
Refcon Holdings LLC-series B · 7 yrs held
Refcon Holdings LLC-series B
since 2019
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%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$920,000
Current use
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$112 / 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
$6,671
Tax year 2023
Assessed value
$265,168
Assessed 2024
Previous assessed
$230,854
+14.9% YoY
Effective rate
2.52%
On assessed value
Assessed land
$76,230
Assessed improvement
$188,938
Land market value
$217,800
Improvement market value
$539,823
Total market value
$757,623
Applied tax rate
570.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Units
1
Total area
4,942 SF
Lot
0.5 ac (21,780 SF)
APN
161-27-410-005
UPID
US62-0174978
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
$920,000
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
2000
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Refcon Holdings LLC-series B
Entity
Free & Clear · 7 yrs held
Mailing address
5870 CONSTRUCTION AVE, LAS VEGAS, NV 89122-7332
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jan 22, 2026
—
Refcon Holdings LLC
—
Deed
related
$2,800,000 · Rc Constructionm LLC
Mar 15, 2019
—
Refcon Holdings LLC-series B
Medina Family Trust
Correction Deed
related
—
Jan 16, 2019
—
Refcon Holdings LLC-series C
Medina Family Trust
Grant Deed
related
—
Aug 14, 2018
—
Medina Family Trust
Construction Ave LLC
Grant Deed
related
—
Aug 9, 2018
—
Medina Family Trust
Construction Ave LLC
Quit Claim Deed
related
—
Aug 29, 2014
$600,000
Construction Ave LLC
Parwood L L C
Bargain And Sale Deed
$480,000 · Western Alliance Bank
Feb 26, 1999
$130,000
Parwood LLC
Interstate Business Park
Grant Deed
$440,000 · Bankwest Of Nevada
—
—
Parwood LLC
—
Deed Of Trust
related
$195,746 · Meadows Bank
—
—
Parwood LLC
—
Deed Of Trust
related
$750,000 · 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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