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

    6408 Arville St Las Vegas, NV 89118-4322

    • Distribution centers
    • 6,490 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0138983
    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

    • Merlin Custom Home Builders / Construction Company / General Contractor
    • ICF LLC / Distribution Center / Logistics Company

    Property Details for 6408 Arville St

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    0.57 lot acres
    Property size
    6,490 SF
    Property type
    Distribution centers
    APN
    162-31-812-002
    APU
    16231812002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.199
    Latitude
    36.0733
    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
    $6,144
    $134,871
    $169,902
    $304,773
    -
    $385,346
    $485,434
    $870,780

    Comparable in this City

    • Value Estimation
      $18,385,000
      192,892 SF

      6355 Maule Ave

      DISTRIBUTION WAREHOUSE • 192,892 SF
      6355 Maule Ave, Las Vegas, NV 89118-4672
      View Details
    • Value Estimation
      $14,720,000
      127,973 SF

      5430 Badura Ave

      DISTRIBUTION WAREHOUSE • 127,973 SF
      5430 Badura Ave, Las Vegas, NV 89118-5012
      View Details
    • Value Estimation
      $23,350,000
      204,695 SF

      5800 Rafael Rivera Way

      DISTRIBUTION WAREHOUSE • 204,695 SF
      5800 Rafael Rivera Way, Las Vegas, NV 89118-3401
      View Details
    • Value Estimation
      $1,770,000
      6,490 SF

      6420 Arville St

      DISTRIBUTION WAREHOUSE • 6,490 SF
      6420 Arville St, Las Vegas, NV 89118-4322
      View Details
    • Value Estimation
      $1,730,000
      14,880 SF

      5070 Patrick Ln

      DISTRIBUTION WAREHOUSE • 14,880 SF
      5070 Patrick Ln, Las Vegas, NV 89118-2822
      View Details
    • Value Estimation
      $12,840,000
      22,665 SF

      4305 Oquendo Rd

      DISTRIBUTION WAREHOUSE • 22,665 SF
      4305 Oquendo Rd, Las Vegas, NV 89118-3086
      View Details

    Similar Nearby for Sale

    • $9,500,000
      20,980 SF

      Las Vegas Multi-Use Property

      Versatile industrial space; event center potential.
      5321 Cameron St, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      138,817 SF

      Industrial Warehouse with Loading Docks

      138,817 SF warehouse featuring multiple loading options.
      3300 Birtcher Dr, Las Vegas, NV 89118
      View Details
    • $7,200,000
      15,000 SF

      Industrial Building with Retail Buildout

      15,000 SF industrial building with retail buildout on 2.1 acres.
      3176 W Martin Ave, Las Vegas, NV 89118
      View Details
    • $4,600,000
      18,788 SF

      Las Vegas Warehouse/Showroom with Billboard

      Warehouse/showroom in Stadium District with billboard income and accessibility improvements.
      3910 Graphic Center Dr, Las Vegas, NV 89118
      View Details
    • $3,288,800
      8,222 SF

      Single-Tenant Office Building Near Freeway

      Freestanding office building with flexible space and convenient freeway access.
      4580 West Post Rd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      20,607 SF

      Industrial Property in Las Vegas

      20,607 SF industrial property available for sale.
      4145 Wagon Trail Ave, Las Vegas, NV 89118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,475 SF

      Las Vegas Warehouse: 39,475 SF

      Industrial warehouse, 11.81 acres, available Feb 1, 2025.
      6065 Polaris Ave, Las Vegas, NV 89118
      View Details
    • $18 SF/Yr
      102,275 SF

      Ali Baba Commerce Center: Las Vegas

      High-quality flex industrial space in Southwest Las Vegas.
      4005 Reno Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      50,000 SF

      Las Vegas Distribution Center

      50,000 SF Warehouse/Office Space
      3920 Sunset Rd, Las Vegas, NV 89118
      View Details
    • $16 SF/Yr
      16,318 SF

      Hacienda Business Center Suite

      Las Vegas Industrial Space Available
      5277 Cameron St, Las Vegas, NV 89118
      View Details
    • $1.40 SF/Yr
      73,429 SF

      Valley View Commerce Center: Las Vegas

      Executive Suites & Warehouse Space Available
      5130 Valley View Blvd, Las Vegas, NV 89118
      View Details
    • $17 SF/Yr
      7,134 SF

      Las Vegas Warehouse For Lease

      7,134 SF Industrial Warehouse, South West Las Vegas
      4325 Patrick Ln, Las Vegas, NV 89118
      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.
    6408 Arville St
    Las Vegas, NV 89118-4322
    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.