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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Auto shops
6960 Russell Rd Las Vegas, NV 89113-0259
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0447295
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2002
Construction
CONCRETE
Total area
2,805 SF
Lot
0.35 ac (15,246 SF)
APN
163-27-801-024
UPID
US62-0447295
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
-
SPECIAL TEAM AUTO Car Dealership
-
Low Cost Ignition Interlock Building Supply General Contractor
-
Team 1 Auto Care Auto Repair Shop
-
Tireman Auto (Bike/Boat/Book/etc) Store Auto Parts Store
-
Intoxalock Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.21M
Owner & transaction history
2419 29th Street LLC · 4 yrs held
2419 29th Street LLC
since 2021
Last sale
$2.9M
5 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
$3,565,000
ML approach
$3,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $2.86M (Oct 1 2021)
Last sale anchor
$2.86M
Oct 1 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
$1,144 / 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
$4,074
Tax year 2023
Assessed value
$196,500
Assessed 2024
Previous assessed
$177,266
+10.9% YoY
Effective rate
2.07%
On assessed value
Assessed land
$101,386
Assessed improvement
$95,114
Land market value
$289,674
Improvement market value
$271,754
Total market value
$561,428
Applied tax rate
417.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Total area
2,805 SF
Lot
0.35 ac (15,246 SF)
APN
163-27-801-024
UPID
US62-0447295
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
2002
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
2419 29th Street LLC
Entity
Mailing address
100 CHURCHILL WAY, LANTANA, FL 33462-4700
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
Oct 1, 2021
$2,861,500
2419 29th Street LLC
Rainbow Russell Auto LLC
Bargain And Sale Deed
$2,002,700 · Sce FCU
Dec 8, 2016
—
Rainbow Russell Auto LLC
—
Deed
related
$3,100,000 · Meadows Bk
Jan 23, 2006
—
Rainbow Russell Auto LLC
Oceanhills LLC
Grant Deed
$1,450,000 · Gmac Commercial Mortgage Bank
—
—
Rainbow Russell Auto LLC
—
Deed Of Trust
related
$1,250,000 · Meadows Bk
—
—
Rainbow Russell Auto LLC
—
Deed Of Trust
related
$3,100,000 · Meadows Bk
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.
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