Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6975 Decatur Blvd Las Vegas, NV 89118-4377
    Back to Search
    Property profile & analytics

    6975 Decatur Blvd, Las Vegas, NV 89118-4377

    View on Map
    • Warehouses
    • 314,360 SF
    • 30.18 lot acres
    Off-Market
    Last Sale Dec 6, 2022
    $41,349,105
    Property ID
    US62-0121808
    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.
    Value Estimations
    $38,075,000
    Show details
    Cap Rate Potential
    6.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • ORIGIN ACOUSTICS / Industrial Manufacturer / Production Facility
    • Ainsworth Game Technology / Corporate Office
    • Lapp Tannehill / Big Box & Wholesale Store
    • Las Vegas Artificial Lawns / Landscaping / General Contractor
    • Skyline Exhibits - Las Vegas Service Center / Advertising Agency / Marketing & Advertising

    Property Details for 6975 Decatur Blvd

    Year built
    2008
    Lot size
    30.18 lot acres
    Property type
    Warehouses
    APN
    176-01-710-001
    APU
    17601710001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $34,710,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $37,795,000
      6.5%
      $34,885,000
      7%
      $32,395,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.21
    Latitude
    36.0622
    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
    $366,943
    $8,098,189
    $8,803,873
    $16,902,062
    -
    $23,137,683
    $25,153,923
    $48,291,606

    Comparable in this City

    • Value Estimation by Request
      11.81 Acres

      6065 Polaris Ave

      Distribution properties
      6065 Polaris Ave, Las Vegas, NV 89118
      View Details
    • Value Estimation
      $19,830,000
      211,340 SF

      6580 Lindell Rd

      WAREHOUSE, STORAGE
      6580 Lindell Rd, Las Vegas, NV 89118-4736
      View Details
    • Value Estimation by Request
      3,600 SF

      3953 Oquendo Rd

      WAREHOUSE, STORAGE
      3953 Oquendo Rd, Las Vegas, NV 89118-3010
      View Details
    • Value Estimation
      $32,215,000
      251,613 SF

      7055 Lindell Rd

      WAREHOUSE, STORAGE
      7055 Lindell Rd, Las Vegas, NV 89118-4703
      View Details
    • Value Estimation by Request
      23,000 SF

      3685-3725 Russell Rd

      Distribution properties
      3685-3725 Russell Rd, Las Vegas, NV 89118
      View Details
    • Value Estimation
      $3,000,000
      7,508 SF

      4225 Post Rd

      WAREHOUSE, STORAGE
      4225 Post Rd, Las Vegas, NV 89118-3921
      View Details

    Similar Nearby for Sale

    • $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
      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
    • Contact for pricing
      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
    • 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
    • Contact for pricing
      33,392 SF

      Las Vegas Warehouse Space

      33,392 SF warehouse space available in Las Vegas.
      Patrick Ln, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      33,392 SF

      New Industrial Building Under Construction

      New 33,392 SF industrial building in Southwest Las Vegas.
      6161 Mohawk St, Las Vegas, NV 89118
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr

      Modern Industrial Building For Lease

      Modern industrial building with office space in Stadium Industrial District.
      5165 Rousso Rd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      16,900 SF

      Las Vegas Flex Space Available

      16,900 SF flex building with frontage on W. Tropicana.
      4325 W Tropicana Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing

      Las Vegas Warehouse Near Strip

      Centrally located warehouse with convenient access to major transportation.
      6065 Polaris Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      5,415 SF

      Industrial Unit with Dock-Well

      5,415 SF industrial unit available December 2026.
      4477-4495 W Reno Ave, Las Vegas, NV 89118
      View Details
    • Contact for pricing

      Functional Southwest Industrial/Office Flex Space

      Centrally located 1,440 SF warehouse and office suite for lease.
      6380 S Valley View Blvd, Las Vegas, NV 89118
      View Details
    • $1.00 SF/Yr

      Industrial Property with Retail Frontage

      Freestanding industrial property with retail frontage and high visibility.
      5325 S Valley View Blvd, 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.
    6975 Decatur Blvd
    Las Vegas, NV 89118-4377
    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

    Thank You for Inquiry
    6975 Decatur Blvd, Las Vegas, NV, 89118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!