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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6620 10th Way Las Vegas, NV 89113-1958

    • Industrial properties
    • 17,019 SF
    • 4.31 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2020
    $7,800,000
    Value Estimations
    $7,865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0406695
    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

    • Industrial properties

    Property Details for 6620 10th Way

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    4.31 lot acres
    Property size
    17,019 SF
    Property type
    Industrial properties
    APN
    176-03-501-007
    APU
    17603501007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,925,000
      ML approach
      $8,815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,909,000
      Market price range: $3.10M - $7.91M
      AI Estimate
      $5,954,000
      Market price range: $972k - $5.95M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,040,000
      Current use
      RESTAURANT
      $12,265,000
      Change: +143% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,765,000
      Change: +114% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,450,000
      Change: +88% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $7,390,000
      Change: +47% Conversion: Difficult
      RETAIL STORES
      $6,365,000
      Change: +26% Conversion: Moderate
      OFFICE BUILDING
      $6,015,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.251
    Latitude
    36.0676
    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
    $59,195
    $1,314,208
    $1,726,085
    $3,040,293
    -
    $3,754,880
    $4,931,671
    $8,686,551

    Comparable in this City

    • Value Estimation
      $6,030,000
      38,400 SF

      7120 Post Rd

      INDUSTRIAL (GENERAL) • 38,400 SF
      7120 Post Rd, Las Vegas, NV 89113-6611
      View Details
    • Value Estimation
      $1,215,000
      3,489 SF

      6445 10th Way Ste, Unit 150

      INDUSTRIAL (GENERAL) • 3,489 SF
      6445 10th Way Ste, Las Vegas, NV 89113-1991
      View Details
    • Value Estimation
      $670,000
      3,751 SF

      6405 10th Way Ste, Unit 100

      INDUSTRIAL (GENERAL) • 3,751 SF
      6405 10th Way Ste, Las Vegas, NV 89113-1985
      View Details
    • Value Estimation
      $665,000
      4,529 SF

      6415 10th Way Ste, Unit 130

      INDUSTRIAL (GENERAL) • 4,529 SF
      6415 10th Way Ste, Las Vegas, NV 89113-1988
      View Details
    • Value Estimation
      $16,540,000
      71,500 SF

      7180 Post Rd

      INDUSTRIAL (GENERAL) • 71,500 SF
      7180 Post Rd, Las Vegas, NV 89113-6656
      View Details
    • Value Estimation by Request
      75,900 SF

      7862 Miller Ln

      Distribution properties • 75,900 SF
      7862 Miller Ln, Las Vegas, NV 89113
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,888 SF

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      Las Vegas Industrial Space - 39,888 SF
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      39,833 SF

      Las Vegas Warehouse with Office

      39,833 SF warehouse with two-story office space.
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      43,330 SF

      Freestanding Warehouse Building in Las Vegas

      44,853 SF freestanding building with 26' clear height.
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    • $3,695,000
      6,150 SF

      Office Warehouse with Commercial Kitchen

      6,150 SF flex building with equipped kitchen and banquet space.
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    • $1,800,000
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      Industrial Warehouse Near I-215

      4,272 SF warehouse with office space and convenient freeway access.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,977 SF

      Industrial Space in Las Vegas

      Industrial property available for rent in Las Vegas, Nevada.
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      View Details
    • Contact for pricing
      80,600 SF

      Proposed Industrial Building For Lease

      80,600 SF industrial building with Q1 2026 delivery.
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      View Details
    • Contact for pricing
      39,833 SF

      West Sunset Industrial Warehouse

      Nevada Industrial Space - 39,833 SF
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      View Details
    • Contact for pricing
      238,000 SF

      Proposed Industrial Building Available

      238,000 SF industrial building with 32' ceilings, available Q1 2026.
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    • Contact for pricing
      170,924 SF

      Arroyo Beltway Commercenter: Warehouse Space

      Las Vegas industrial warehouse, 20,000-170,924 SF available.
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    • Contact for pricing
      43,000 SF

      Proposed Industrial Building For Lease

      43,000 SF industrial building with Q1 2026 delivery.
      7455 W Arby Ave, Las Vegas, NV 89113
      View Details
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    6620 10th Way
    Las Vegas, NV 89113-1958
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    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
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