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Property profile & analytics
OFF-MARKET
Estimated value
$4,835,000
Warehouses
725 Washburn Rd North Las Vegas, NV 89031-7901
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-1163093
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
FRAME
Total area
40,840 SF
Lot
2.57 ac (111,949 SF)
APN
124-34-301-002
UPID
US62-1163093
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
-
RDN Mini Storage Storage Facility
-
Crown Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.24M
CAP Approach
CAP
$6.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.84M
Owner & transaction history
Watling Street LLC · 6 yrs held
Watling Street LLC
since 2020
Last sale
$4.6M
6 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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$4,910,000
ML approach
$5,235,000
CAP Approach
CAP Return
Estimation
6%
$7,060,000
6.5%
$6,520,000
7%
$6,050,000
Blend value · Realmo final
$4.84M
Range $4.35M – $5.32M · ±10% · vs last sale $4.60M (Jun 25 2020)
Last sale anchor
$4.60M
Jun 25 2020
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
$118 / 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
$28,296
Tax year 2023
Assessed value
$1,153,806
Assessed 2024
Previous assessed
$1,045,935
+10.3% YoY
Effective rate
2.45%
On assessed value
Assessed land
$489,777
Assessed improvement
$664,029
Land market value
$1,399,363
Improvement market value
$1,897,226
Total market value
$3,296,589
Applied tax rate
254.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Units
364
Total area
40,840 SF
Lot
2.57 ac (111,949 SF)
APN
124-34-301-002
UPID
US62-1163093
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
1995
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
364
Lot
2.57 ac
Current owner
From public records · entity-resolved
Watling Street LLC
Entity
Mailing address
4081 MSN OAKS BLVDA, CAMARILLO, CA 93012-5156
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
—
American Tower Asset Sub LLC
—
Deed
related
$189,490,000 · Us Bank Trust Co NA
Jun 25, 2020
$4,600,000
Watling Street LLC
Piclane LLC
Grant Deed
$2,600,000 · American First Cu
Jan 21, 2010
—
American Tower Asset Sub LLC
—
Deed Of Trust
related
$1,750,000,000 · American Tower Depositor Sub L
Dec 13, 1996
$1,900,000
Piclane LLC
Links Group I LP
Grant Deed
—
—
—
American Tower Asset Sub LLC
—
Loan Modification
related
—
—
—
Piclane LLC
—
Deed Of Trust
related
$1,944,615 · Gar Ken Enterprises INC
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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