Add Listing
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

    6740 Flamingo Rd Las Vegas, NV 89103-2021

    • Warehouses
    • 66,510 SF
    • 3.25 lot acres
    OFF-MARKET
    Value Estimations
    $6,895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0402042
    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

    • One Cabinetry / Hardware & Home Improvement / Furniture & Home Goods
    • RightSpace Self Storage / Storage Facility

    Property Details for 6740 Flamingo Rd

    Year built
    1996
    Construction
    FRAME
    Lot size
    3.25 lot acres
    Property size
    66,510 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    163-14-402-003
    APU
    16314402003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,280,000
      6.5%
      $9,490,000
      7%
      $8,810,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.239
    Latitude
    36.1157
    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
    $37,679
    $684,279
    $844,825
    $1,529,104
    -
    $1,955,083
    $2,413,786
    $4,368,869

    Comparable in this City

    • Value Estimation
      $3,155,000
      38,560 SF

      3585 Highland Dr

      MINI-WAREHOUSE, STORAGE • 38,560 SF
      3585 Highland Dr, Las Vegas, NV 89103-5737
      View Details
    • Value Estimation
      $3,825,000
      47,716 SF

      3585 Highland Dr

      MINI-WAREHOUSE, STORAGE • 47,716 SF
      3585 Highland Dr, Las Vegas, NV 89103-5737
      View Details
    • Value Estimation
      $2,240,000
      22,658 SF

      3555 Highland Dr

      MINI-WAREHOUSE, STORAGE • 22,658 SF
      3555 Highland Dr, Las Vegas, NV 89103-5736
      View Details
    • Value Estimation
      $2,885,000
      20,160 SF

      4780 Vly Vw Blvd

      MINI-WAREHOUSE, STORAGE • 20,160 SF
      4780 Vly Vw Blvd, Las Vegas, NV 89103-5518
      View Details
    • Value Estimation
      $3,545,000
      37,432 SF

      4850 Vly Vw Blvd

      MINI-WAREHOUSE, STORAGE • 37,432 SF
      4850 Vly Vw Blvd, Las Vegas, NV 89103-5522
      View Details
    • Value Estimation
      $9,465,000
      110,100 SF

      4349 Jones Blvd

      MINI-WAREHOUSE, STORAGE • 110,100 SF
      4349 Jones Blvd, Las Vegas, NV 89103-3303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,776 SF

      Las Vegas Industrial Warehouse

      ±51,776 SF Warehouse on 3.19 Acres
      4265 Tompkins Ave, Las Vegas, NV 89103
      View Details
    • Contact for pricing

      Industrial Property with Redevelopment Potential

      Industrial property with large yard in Las Vegas' Chinatown redevelopment.
      Las Vegas, NV 89103
      View Details
    • $2,500,000
      5,191 SF

      Panorama Towers Ground Floor Retail

      Prime Las Vegas Restaurant/Storefront
      4585 Dean Martin Dr, Las Vegas, NV 89103
      View Details
    • $1,250,000
      2,324 SF

      Luxury High-Rise Residence, Las Vegas

      Furnished 2-suite residence with upgrades and mountain views.
      4575 Dean Martin Dr, Las Vegas, NV 89103
      View Details
    • $465,000
      1,220 SF

      Furnished High-Rise Unit with Views

      Fully furnished Las Vegas high-rise unit with panoramic views.
      4381 Flamingo Rd, Las Vegas, NV 89103
      View Details
    • $1,095,000
      1,962 SF

      Las Vegas High-Rise Condo

      Updated 2-bedroom condo with Las Vegas Strip views.
      4471 Dean Martin Dr, Las Vegas, NV 89103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,776 SF

      Las Vegas Industrial Warehouse - 51,776 SF

      ±51,776 SF warehouse on ±3.19 acres in Las Vegas.
      4265 Tompkins Ave, Las Vegas, NV 89103
      View Details
    • $18 SF/Yr
      25,846 SF

      Las Vegas Warehouse Retail Space

      Prime Retail/Warehouse Units Available
      3871 Valley View Blvd, Las Vegas, NV 89103
      View Details
    • $0.89 SF/Yr
      100,000 SF

      Industrial Storage Space Available

      Divisible storage space with convenient freeway and airport access.
      3950 West Harmon Ave, Las Vegas, NV 89103
      View Details
    • $16 SF/Yr
      140,000 SF

      Harmon Industrial Center: Las Vegas Warehouse

      ±23,247 SF Warehouse Space Available
      4170 Harmon Ave, Las Vegas, NV 89103
      View Details
    • Contact for pricing
      379,274 SF

      Valley View Commerce Center: Industrial Space

      Prime Las Vegas warehouse space, multiple units available.
      4445 Harmon Cv Ct, Las Vegas, NV 89103
      View Details
    • Contact for pricing

      Multi-Use Facility Near Las Vegas Strip

      Multi-use facility with executive suites and warehouse space for rent.
      4300 West Tropicana Ave, Las Vegas, NV 89103
      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.
    6740 Flamingo Rd
    Las Vegas, NV 89103-2021
    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.
    Sign Up Successful!
    You now have access to more from Realmo!