Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5976 Topaz St Las Vegas, NV 89120-2451

    • Industrial properties
    • 5,320 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Sep 07, 2023
    $1,600,000
    Value Estimations
    $1,480,000
    Show details
    Cap Rate Potential
    2.1%
    Industrial properties
    Location Intelligence
    Property ID
    US62-0044500
    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

    • las vegas area plumbing contractor / Plumbing Service / General Contractor
    • Fetch-A-Tech / HVAC Service / General Contractor
    • Call Your Vegas Heating Pros / HVAC Service / General Contractor

    Property Details for 5976 Topaz St

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Property size
    5,320 SF
    Property type
    Industrial properties
    APN
    162-36-213-010
    APU
    16236213010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,515,000
      ML approach
      $1,415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,278,000
      Market price range: $997k - $1.84M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,445,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,310,000
      Change: +60% Conversion: Difficult
      RETAIL STORES
      $1,990,000
      Change: +38% Conversion: Moderate
      MEDICAL BUILDING
      $1,465,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.113
    Latitude
    36.0811
    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
    $5,454
    $21,953
    $151,248
    $173,201
    -
    $62,723
    $432,137
    $494,860

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      5967 Harrison Dr Ste, Unit 2

      INDUSTRIAL (GENERAL) • 1,500 SF
      5967 Harrison Dr Ste, Las Vegas, NV 89120-2462
      View Details
    • Value Estimation
      $8,135,000
      51,840 SF

      6325 Pecos Rd

      INDUSTRIAL (GENERAL) • 51,840 SF
      6325 Pecos Rd, Las Vegas, NV 89120-6228
      View Details
    • Value Estimation
      $11,270,000
      72,392 SF

      2875 Patrick Ln

      INDUSTRIAL (GENERAL) • 72,392 SF
      2875 Patrick Ln, Las Vegas, NV 89120-2401
      View Details
    • Value Estimation by Request

      3272 Sunset Rd

      Distribution properties
      3272 Sunset Rd, Las Vegas, NV 89120
      View Details
    • Value Estimation
      $3,895,000
      52,934 SF

      2900 Patrick Ln

      INDUSTRIAL (GENERAL) • 52,934 SF
      2900 Patrick Ln, Las Vegas, NV 89120-2458
      View Details
    • Value Estimation
      $1,765,000
      17,823 SF

      3643 Post Rd

      HEAVY INDUSTRIAL • 17,823 SF
      3643 Post Rd, Las Vegas, NV 89120-6295
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      142,000 SF

      Leased Industrial Building in Las Vegas

      100% leased industrial building in the Airport Industrial submarket.
      6225 Annie Oakley Dr, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      25,504 SF

      Freestanding Industrial Facility For Sale

      Freestanding industrial facility spanning ± 25,504 SF in Las Vegas.
      3015 E Post Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      33,392 SF

      Las Vegas Warehouse Space

      33,392 SF warehouse space available in Las Vegas.
      Patrick Ln, Las Vegas, NV 89120
      View Details
    • $970,000
      2,197 SF

      Rare Live-Work Industrial Loft Warehouse

      Live-work space near the airport with versatile potential uses.
      4081 Silvestri Ln, Las Vegas, NV 89120
      View Details
    • $5,348,035
      13,891 SF

      Freestanding Industrial Building with Yard

      Industrial building with yard in Airport submarket, near Harry Reid Airport.
      3655 E Post Rd, Las Vegas, NV 89120
      View Details
    • $950,000

      Mesa Ridge Village Fourplex

      Well-kept fourplex with city views and community amenities.
      4915 E Russell Rd, Las Vegas, NV 89120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      778 SF

      Industrial Space Near Airport

      Industrial space in master-planned park, convenient location.
      6265 Mcleod Dr, Las Vegas, NV 89120
      View Details
    • $14 SF/Yr
      122,296 SF

      Sandhill Airport Industrial Park

      ±122,296 SF Flex Space Available
      6320 Sandhill Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      2,359 SF

      Functional Flex Space in Las Vegas

      Flex space with offices, restroom, and easy freeway access.
      6255 Mcleod Dr, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      5,148 SF

      Office and Warehouse Suite

      Office/warehouse suite near airport with no CAM expenses.
      6275 Mcleod Dr, Las Vegas, NV 89120
      View Details
    • $1.40 SF/Yr
      4,320 SF

      Industrial Unit with HVAC Office

      4,320 SF industrial unit featuring HVAC office and warehouse.
      6330 S Sandhill Rd, Las Vegas, NV 89120
      View Details
    • Contact for pricing
      23,322 SF

      Industrial Building with Freeway Access

      Multi-tenant industrial building with easy freeway access available for rent.
      3650 E Post Rd, Las Vegas, NV 89120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5976 Topaz St
    Las Vegas, NV 89120-2451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.