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Property profile & analytics
OFF-MARKET
Estimated value
$9,505,000
Distribution centers
5875 Decatur Blvd Las Vegas, NV 89118-3092
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0424357
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
CONCRETE
Total area
35,749 SF
Lot
1.89 ac (82,328 SF)
APN
163-36-501-023
UPID
US62-0424357
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
-
QED Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.04M
Blend (final)
Blend
$9.51M
Owner & transaction history
United Siblings LLC · 4 yrs held
United Siblings LLC
since 2022
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.5M
+103.8%
Retail stores
$13.4M
+75.5%
Industrial (general)
$11.4M
+49.3%
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
$10,175,000
ML approach
$8,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,615,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,520,000
Change: +104% · Conversion: Moderate
RETAIL STORES
$13,365,000
Change: +75% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$11,370,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$9.51M
Range $8.55M – $10.46M · ±10% · vs last sale $10.45M (May 31 2022)
Last sale anchor
$10.45M
May 31 2022
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
$266 / 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
$32,054
Tax year 2023
Assessed value
$1,506,392
Assessed 2024
Previous assessed
$1,355,130
+11.2% YoY
Effective rate
2.13%
On assessed value
Assessed land
$468,241
Assessed improvement
$1,038,151
Land market value
$1,337,831
Improvement market value
$2,966,146
Total market value
$4,303,977
Applied tax rate
417.0000
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
2007
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
35,749 SF
Lot
1.89 ac (82,328 SF)
APN
163-36-501-023
UPID
US62-0424357
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
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.5M
RETAIL STORES
Est. value
$13.4M
INDUSTRIAL (GENERAL)
Est. value
$11.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2007
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
United Siblings LLC
Entity
Mailing address
9460 WILSHIRE BLVD STE #300, BEVERLY HILLS, CA 90212-2710
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$10,450,000
United Siblings LLC
Eac 678 LLC
Bargain And Sale Deed
—
Apr 7, 2015
—
Eac 678 LLC
Cook Family Trust
Grant Deed
related
—
Mar 13, 2015
—
Eac 678 LLC
Cook Family Trust
Grant Deed
related
—
Jun 14, 2007
—
Fs Ptshp
—
Deed Of Trust
related
$20,000,000 · Guaranty Bank
Sep 26, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 21, 2005
—
Charles E Reed
United States Of America
Grant Deed
related
$8,500,000 · Us Bank NA
Sep 6, 2005
—
Eac 678 LLC
Cook Family Trust
Grant Deed
related
—
Aug 18, 2005
$1,850,000
Rjp Lv II LLC
Cook Family Trust
Grant Deed
—
—
—
Eac 678 LLC
—
Deed Of Trust
related
$16,960,000 · Us Bank NA
—
—
Eac 678 LLC
—
Deed Of Trust
related
$19,534,077 · Us Bk
—
—
Eac 678 LLC
—
Deed Of Trust
related
$16,960,000 · Us Bank NA
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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