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Property profile & analytics
FOR LEASE
Parking lots & garages
701 E Bridger Ave Las Vegas, NV 89101
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0405904
For Lease
1 / 3
Contact for pricing
701 E Bridger Ave, Las Vegas, NV 89101
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Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,469 SF
Lot
0.89 ac (38,768 SF)
APN
139-34-710-059
UPID
US62-0405904
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
-
Engin8 Engineer Electrical Engineer
-
Nevada Legal Services Social Service Agency Charitable Organization
-
Teach For America Charitable Organization Social Service Agency
-
Tesla Supercharger Electric Vehicle Charging Station
-
Pyatt Silvestri Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$725k
Owner & transaction history
701 Bridger LLC · 12 yrs held
701 Bridger LLC
since 2013
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
by Request
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
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
$12 / 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
$123,894
Tax year 2023
Assessed value
$4,263,215
Assessed 2024
Previous assessed
$3,842,996
+10.9% YoY
Effective rate
2.91%
On assessed value
Assessed land
$602,455
Assessed improvement
$3,660,760
Land market value
$1,721,300
Improvement market value
$10,459,314
Total market value
$12,180,614
Applied tax rate
203.0000
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Buildings
4
Stories
8
Total area
59,469 SF
Lot
0.89 ac (38,768 SF)
APN
139-34-710-059
UPID
US62-0405904
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
8
Buildings
4
Lot
0.89 ac
Current owner
From public records · entity-resolved
701 Bridger LLC
Entity
Mailing address
PO BOX 7516, LAS VEGAS, NV 89125-7309
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2013
—
701 Bridger LLC
Mlmt 2006-c2-701 Bridger
Quit Claim Deed
related
—
Jun 4, 2013
$10,000,000
701 Bridger LLC
Mlmt 2006-c2-701 Bridger
Grant Deed
related
—
Mar 15, 2012
$5,100,000
Mlmt 2006-c2-701 Bridger
Ballard Spahr LLP
Trustees Deed
—
Mar 9, 2007
$3,662,500
Bridger 15 LLC
Bridger 14 LLC
Grant Deed
—
Nov 22, 2006
$24,000,000
Tih Bridger LLC
701 Bridger Ave LLC
Grant Deed
—
Apr 16, 2004
$4,385,000
701 Bridger Ave LLC
Carnesale John L Trust
Grant Deed
$10,160,000 · Nevada State Bank
Mar 1, 2004
—
Carnesale John L Trust
—
Trustees Deed
related
$500,000 · Sunwest Bank
—
—
701 Bridger Ave LLC
—
Deed Of Trust
related
$690,000 · Nevada State Bank
—
—
701 Bridger Ave LLC
—
Deed Of Trust
related
$1,650,000 · Southwest USA Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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