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Property profile & analytics
OFF-MARKET
Estimated value
$3,235,000
Warehouses
7251 Cathedral Rock Dr Las Vegas, NV 89128-0434
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US62-0431074
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
27,760 SF
Lot
3.08 ac (134,165 SF)
APN
138-15-810-007
UPID
US62-0431074
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
-
Water Magi Home Appliance Store Building Supply
-
Multi-Pure Corporation Corporate Office Business Park
-
Clean Water 4 U Hardware & Home Improvement
-
Multipure Corporate Office
-
Carbon Block Technology Inc Water Treatment Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.24M
Owner & transaction history
A & Ar LLC · 19 yrs held
A & Ar LLC
since 2006
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,335,000
6.5%
$3,080,000
7%
$2,860,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,175,000
Current use
Blend value · Realmo final
$3.24M
Range $2.91M – $3.56M · ±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
$117 / 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
$54,202
Tax year 2023
Assessed value
$2,389,983
Assessed 2024
Previous assessed
$1,911,382
+25.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$845,240
Assessed improvement
$1,544,743
Land market value
$2,414,971
Improvement market value
$4,413,551
Total market value
$6,828,522
Applied tax rate
200.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
27,760 SF
Lot
3.08 ac (134,165 SF)
APN
138-15-810-007
UPID
US62-0431074
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.2M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
3.08 ac
Current owner
From public records · entity-resolved
A & Ar LLC
Entity
Mailing address
7251 CATHEDRAL ROCK DR, LAS VEGAS, NV 89128-0434
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2019
—
A & A R LLC
—
Grant Deed
related
$6,000,000 · Washington Fed'l Bk
Feb 8, 2018
—
A & A R LLC
—
Deed
related
$3,500,000 · Western Alliance Bk
Dec 14, 2006
—
A & Ar LLC
Rice Family Trust
Quit Claim Deed
related
$904,781 · American Fidelity Assurance Co
Apr 8, 1998
—
A & Ar LLC
A & Ar
Quit Claim Deed
related
$2,450,000 · American Fidelity Assurance Co
Jan 31, 1997
—
A & Ar General Partnership
Rice,h A
Grant Deed
$2,243,000 · Bank Of America Fsb
—
—
A & Ar LLC
—
Deed Of Trust
related
$1,000,000 · Washington Fed'l Bk
—
—
A & Ar LLC
—
Deed Of Trust
related
$1,200,000 · American Fidelity Assurance Co
—
—
A & A R LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of Nv
—
—
A & A R LLC
—
Loan Modification
related
$2,900,000 · Western Alliance Bk
—
—
A & Ar LLC
—
Loan Modification
related
$3,900,000 · Western Alliance Bk
—
—
A & A R LLC
—
Deed Of Trust
related
$3,500,000 · Western Alliance 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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