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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Warehouses
755 Cottonwood Cv Rd Searchlight, NV 89046-1610
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US62-0580884
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
FRAME
Total area
20,175 SF
Lot
2.52 ac (109,771 SF)
APN
243-35-212-020
UPID
US62-0580884
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
-
Cottonwood Cove Boat Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Cove Boat Storage L Cottonwood · 19 yrs held
Cove Boat Storage L Cottonwood
since 2007
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 Searchlight submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Searchlight 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$85 / 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
$9,509
Tax year 2023
Assessed value
$479,827
Assessed 2024
Previous assessed
$432,211
+11.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$43,030
Assessed improvement
$436,797
Land market value
$122,943
Improvement market value
$1,247,991
Total market value
$1,370,934
Applied tax rate
700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2002
Construction
FRAME
Heating
HEAT PUMP
Buildings
5
Stories
1
Units
96
Total area
20,175 SF
Lot
2.52 ac (109,771 SF)
APN
243-35-212-020
UPID
US62-0580884
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
2002
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
5
Units
96
Lot
2.52 ac
Current owner
From public records · entity-resolved
Cove Boat Storage L Cottonwood
Individual
Mailing address
PO BOX 1403, SEARCHLIGHT, NV 89046-1403
Ownership since
2007
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
Apr 30, 2007
$1,400,000
Cove Boat Storage L Cottonwood
Cottonwood Cove LLC
Grant Deed
$832,000 · Bank Of The West
Sep 18, 2000
$27,500
Mullin,elizabeth
Brasher,donald E
Trustees Deed
—
Sep 18, 2000
$27,000
Cotton Wood Cove LLC
Mullin,elizabeth
Trustees Deed
—
Apr 26, 2000
—
Clark County (nv)
Cottonwood Cove LLC
Grant Deed
related
—
—
—
Cove Boat Storage L Cottonwood
—
Deed Of Trust
related
$609,265 · Bank Of The West
—
—
Cottonwood Cove LLC
—
Deed Of Trust
related
$150,000 · Petkin Trust
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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