New search
Property profile & analytics
FOR LEASE
Distribution centers
6025 Procyon St Las Vegas, NV 89118
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0433577
For Lease
$24,415,000
6025 Procyon St, Las Vegas, NV 89118
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2010
Construction
CONCRETE
Total area
121,071 SF
Lot
3.28 ac (142,877 SF)
APN
162-32-201-004
UPID
US62-0433577
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.99M
Blend (final)
Blend
$24.42M
Owner & transaction history
Bcore Pdc Owner LLC · 4 yrs held
Bcore Pdc Owner LLC
since 2021
Last sale
$31.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$38.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,795,000
Current use
INDUSTRIAL (GENERAL)
$38,515,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$24.42M
Range $21.97M – $26.86M · ±10% · vs last sale $31.50M (Oct 15 2021)
Last sale anchor
$31.50M
Oct 15 2021
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
$202 / 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
$93,935
Tax year 2023
Assessed value
$4,309,912
Assessed 2024
Previous assessed
$3,866,673
+11.5% YoY
Effective rate
2.18%
On assessed value
Assessed land
$574,080
Assessed improvement
$3,735,832
Land market value
$1,640,229
Improvement market value
$10,673,806
Total market value
$12,314,035
Applied tax rate
470.0000
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
For Lease
Year built
2010
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
121,071 SF
Lot
3.28 ac (142,877 SF)
APN
162-32-201-004
UPID
US62-0433577
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
$25.8M
INDUSTRIAL (GENERAL)
Est. value
$38.5M
WAREHOUSE, STORAGE Current
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
2010
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
3.28 ac
Current owner
From public records · entity-resolved
Bcore Pdc Owner LLC
Entity
Mailing address
90 PARK AVE FL #32, NEW YORK, NY 10016-1316
Ownership since
2021
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
May 13, 2022
—
Bcore Pdc Owner LLC
—
Deed
related
$970,000,000 · Jpmorgan Chase Bank NA
Oct 15, 2021
$31,500,000
Bcore Pdc Owner LLC
Jdv Procyon LLC
Bargain And Sale Deed
—
Sep 18, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
—
—
—
Jdv Procyon LLC
—
Deed Of Trust
related
$6,530,000 · John Hancock Life Insurance Co
—
—
Jdv Procyon LLC
—
Deed Of Trust
related
$6,750,000 · Sunwest Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
