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Property profile & analytics
OFF-MARKET
Estimated value
$9,775,000
Warehouses
5925 Lk Mead Blvd Las Vegas, NV 89156-6931
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0434623
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Construction
STEEL FRAME
Total area
47,460 SF
Lot
6.44 ac (280,526 SF)
APN
140-22-301-001
UPID
US62-0434623
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
-
US Storage Centers Storage Facility
-
Sunrise Boat & RV Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.55M
CAP Approach
CAP
$6.77M
Comparable Approach
Comparable
$5.91M
Blend (final)
Blend
$9.78M
Owner & transaction history
Lake Mead Boulevard Self Storage LP · 3 yrs held
Lake Mead Boulevard Self Storage LP
since 2022
Last sale
$12.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.4M
+62.5%
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
$11,930,000
ML approach
$9,545,000
CAP Approach
CAP Return
Estimation
6%
$7,335,000
6.5%
$6,770,000
7%
$6,290,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,845,000
Current use
OFFICE BUILDING
$14,370,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$9.78M
Range $8.80M – $10.75M · ±10% · vs last sale $12.25M (Oct 20 2022)
Last sale anchor
$12.25M
Oct 20 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
$206 / 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
$23,706
Tax year 2023
Assessed value
$1,208,805
Assessed 2024
Previous assessed
$1,030,422
+17.3% YoY
Effective rate
1.96%
On assessed value
Assessed land
$471,284
Assessed improvement
$737,521
Land market value
$1,346,526
Improvement market value
$2,107,203
Total market value
$3,453,729
Applied tax rate
340.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
131
Total area
47,460 SF
Lot
6.44 ac (280,526 SF)
APN
140-22-301-001
UPID
US62-0434623
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
$8.8M
OFFICE BUILDING
Est. value
$14.4M
WAREHOUSE, STORAGE Current
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
1992
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
131
Lot
6.44 ac
Current owner
From public records · entity-resolved
Lake Mead Boulevard Self Storage LP
Entity
Mailing address
2100 ROSS AVE #3400, DALLAS, TX 75201-2739
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
$12,250,000
Lake Mead Boulevard Self Storage LP
Sunrise Storage LLC
Bargain And Sale Deed
—
Apr 5, 2021
—
Sunrise Storage LLC
—
Deed
related
$1,650,000 · First Fidelity Bank
Jul 26, 2016
—
Sunrise Storage Limited Liability C
—
Deed
related
$3,000,000 · Mutual Of Omaha Bank
May 11, 2012
—
Sunrise Storage LLC
—
Deed Of Trust
related
$2,184,000 · Nevada State Bank
Aug 20, 1993
—
Sunrise Storage Ltd Liability
Muscelli,perry E
Grant Deed
related
—
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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