Sign Up Successful!
You now have access to more from Realmo!
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

    7135 Gilespie St Las Vegas, NV 89119-4267

    • Industrial properties
    • 109,374 SF
    • 76.15 lot acres
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0318982
    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

    • Budget Rental Car Return LAS / Car Rental Agency
    • National Car Rental / Car Rental Agency
    • Buy Instagram Followers / Advertising Agency
    • Budget Car Rental / Car Rental Agency / Van Rental Agency
    • Vhh / Pilgrimage Place

    Property Details for 7135 Gilespie St

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    76.15 lot acres
    Property size
    109,374 SF
    Property type
    Industrial properties
    APN
    177-04-301-025
    APU
    17704301025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.166
    Latitude
    36.0603
    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
    $0.00
    $17,414,744
    $39,208,178
    $56,622,922
    -
    $49,756,411
    $112,023,366
    $161,779,777

    Comparable in this City

    • Value Estimation
      $1,050,000
      153,640 SF

      212 Carpenters Un Way

      INDUSTRIAL (GENERAL) • 153,640 SF
      212 Carpenters Un Way, Las Vegas, NV 89119-4215
      View Details
    • Value Estimation
      $1,610,000
      6,030 SF

      6668 Escondido St

      INDUSTRIAL (GENERAL) • 6,030 SF
      6668 Escondido St, Las Vegas, NV 89119-3859
      View Details
    • Value Estimation
      $345,000
      3,928 SF

      4617 Las Vegas S Blvd

      INDUSTRIAL (GENERAL) • 3,928 SF
      4617 Las Vegas S Blvd, Las Vegas, NV 89119-3207
      View Details
    • Value Estimation
      $790,000
      42,480 SF

      625 Kitty Hawk Way

      HEAVY INDUSTRIAL • 42,480 SF
      625 Kitty Hawk Way, Las Vegas, NV 89119-2408
      View Details
    • Value Estimation
      $180,000
      4,998 SF

      5007 Tamarus St

      INDUSTRIAL (GENERAL) • 4,998 SF
      5007 Tamarus St, Las Vegas, NV 89119-2002
      View Details
    • Value Estimation by Request
      65,779 SF

      731 Pilot Rd

      INDUSTRIAL (GENERAL) • 65,779 SF
      731 Pilot Rd, Las Vegas, NV 89119-4436
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35 SF

      Warehouse Near Airport and Amenities

      Large warehouse property near the airport and local amenities.
      4995 South Eastern Ave, Las Vegas, NV 89119
      View Details
    • $1,199,000
      5,587 SF

      Office Warehouse Building Near Airport

      Office warehouse building with fenced yard, near I-15 and I-215.
      6420 Windy Rd, Las Vegas, NV 89119
      View Details
    • $7,118,400
      26,862 SF

      Office/Industrial Flex Building For Sale

      Single-story flex building near Harry Reid International Airport.
      950 Grier Dr, Las Vegas, NV 89119
      View Details
    • Contact for pricing
      27,445 SF

      Air Conditioned Industrial Building

      Freestanding industrial building with air conditioning and dock doors.
      1945 Pama Ln, Las Vegas, NV 89119
      View Details
    • $8,950,000
      15,034 SF

      Las Vegas Flex Space For Sale

      Fully leased flex space in high-demand Airport submarket.
      333 Orville Wright Ct, Las Vegas, NV 89119
      View Details
    • $8,950,000
      18,007 SF

      Las Vegas Flex Space For Sale

      Fully leased flex space in high-demand Airport submarket.
      323 Orville Wright Ct, Las Vegas, NV 89119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,236 SF

      Las Vegas Warehouse - 23,236 SF

      Large warehouse space available in Las Vegas.
      6615 Escondido St, Las Vegas, NV 89119
      View Details
    • $1.32 SF/Yr
      48,248 SF

      Flamingo Road Office Space Available

      Las Vegas Office: Multiple Suites, Renovated
      1555 Flamingo Rd, Las Vegas, NV 89119
      View Details
    • $1.15 SF/Yr
      10,408 SF

      Industrial Warehouse Space Available

      Available warehouse space featuring office, dock, and grade-level loading.
      831 Pilot Rd, Las Vegas, NV 89119
      View Details
    • Contact for pricing
      3,661 SF

      Industrial Warehouse Space Available

      Industrial warehouse space featuring office and warehouse areas for lease.
      4700 W Harmon Ave, Las Vegas, NV 89119
      View Details
    • $17 SF/Yr
      52,676 SF

      Las Vegas Data Center Opportunity

      High-power flex space, ideal data center
      871 Grier Dr, Las Vegas, NV 89119
      View Details
    • $0.89 SF/Yr
      11,000 SF

      Industrial Space Near Las Vegas Strip

      Industrial space with easy access to freeways and airport.
      3950 W Harmon Ave, Las Vegas, NV 89119
      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.
    7135 Gilespie St
    Las Vegas, NV 89119-4267
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.