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Property profile & analytics
FOR LEASE
Parking lots & garages
6720 Via Austi Pkwy Las Vegas, NV 89119
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0414947
For Lease
1 / 2
$26,095,000
6720 Via Austi Pkwy, Las Vegas, NV 89119
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2007
Construction
CONCRETE
Total area
138,243 SF
Lot
1.21 ac (52,708 SF)
APN
177-04-610-036
UPID
US62-0414947
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
-
Dwayne Workman, Movement Mortgage Loan Service Bank
-
Whiting-Turner Contracting Company Construction Company General Contractor
-
The Hartford Insurance Agency
-
Laxalt & Nomura Law Firm
-
J G & a Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.10M
Owner & transaction history
Preh Cs 1031 Fdht LLC · 3 yrs held
Preh Cs 1031 Fdht LLC
since 2022
Last sale
$31.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$31,040,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.10M
Range $23.49M – $28.70M · ±10% · vs last sale $31.88M (Nov 17 2022)
Last sale anchor
$31.88M
Nov 17 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
$189 / 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
$72,100
Tax year 2023
Assessed value
$3,014,277
Assessed 2024
Previous assessed
$2,570,654
+17.3% YoY
Effective rate
2.39%
On assessed value
Assessed land
$276,717
Assessed improvement
$2,737,560
Land market value
$790,620
Improvement market value
$7,821,600
Total market value
$8,612,220
Applied tax rate
635.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
138,243 SF
Lot
1.21 ac (52,708 SF)
APN
177-04-610-036
UPID
US62-0414947
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
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
1.21 ac
Current owner
From public records · entity-resolved
Preh Cs 1031 Fdht LLC
Entity
Mailing address
6029 S FT APACHE RD STE #100, LAS VEGAS, NV 89148-5563
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
$31,875,000
Preh Cs 1031 Fdht LLC
Realty Associates Fund Xi Portfolio
Bargain And Sale Deed
$42,000,000 · Wells Fargo Bank NA
Dec 6, 2016
—
Realty Associates Fund Xi LP
—
Deed
related
$39,500,000 · Capital One NA
Jul 29, 2016
$27,000
Realty Associates Fund Xi LP
Mcc Five LLC
Grant Deed
related
—
Feb 5, 2013
—
Mcc Five LLC
—
Deed Of Trust
related
$20,000,000 · Bank Of Nevada
Apr 21, 2011
—
Mcc Five LLC
Mcc Five LLC
Quit Claim Deed
related
—
Aug 5, 2008
—
Mcc Five LLC
—
Grant Deed
related
$26,862,000 · Bank Of America
Apr 21, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$26,500,000 · Key Bank & Trust
—
—
Realty Associates Fund Xi LP
—
Deed Of Trust
related
$39,500,000 · Capital One NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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