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Property profile & analytics
OFF-MARKET
Estimated value
$11,455,000
Distribution centers
845 Pilot Rd Las Vegas, NV 89119-3726
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0353665
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Construction
CONCRETE
Total area
82,068 SF
Lot
3.58 ac (155,945 SF)
APN
177-03-710-002
UPID
US62-0353665
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
-
Veritiv (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.28M
CAP Approach
CAP
$9.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.46M
Owner & transaction history
Lit Industrial LP · 6 yrs held
Lit Industrial LP
since 2020
Last sale
$12.1M
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
$13,790,000
ML approach
$10,275,000
CAP Approach
CAP Return
Estimation
6%
$9,865,000
6.5%
$9,110,000
7%
$8,455,000
Blend value · Realmo final
$11.46M
Range $10.31M – $12.60M · ±10% · vs last sale $12.05M (Apr 1 2020)
Last sale anchor
$12.05M
Apr 1 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
$140 / 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
$53,836
Tax year 2023
Assessed value
$2,246,254
Assessed 2024
Previous assessed
$1,835,559
+22.4% YoY
Effective rate
2.40%
On assessed value
Assessed land
$818,711
Assessed improvement
$1,427,543
Land market value
$2,339,174
Improvement market value
$4,078,694
Total market value
$6,417,868
Applied tax rate
470.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Total area
82,068 SF
Lot
3.58 ac (155,945 SF)
APN
177-03-710-002
UPID
US62-0353665
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
1991
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Lit Industrial LP
Entity
Mailing address
1717 MCKINNEY AVE STE #1900, DALLAS, TX 75202-1253
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
—
Lit Industrial Limited Partnership
—
Deed
related
$250,000 · State Farm Life Insurance Co
Apr 1, 2020
$12,050
Lit Industrial LP
West Las Vegas Venture LLC
Grant Deed
—
May 29, 2014
—
West Las Vegas Venture LLC
Atlanta West Venture I LLC
Quit Claim Deed
related
$5,500,000 · Ladder Cap Fin
Mar 28, 2014
$7,150,000
Atlanta West Venture I LLC
Alco West Las Vegas I LP
Grant Deed
—
Mar 28, 2014
$3,567,850
Alco Venture I LP West
Alco West Las Vegas I LP
Grant Deed
related
—
Jan 22, 1996
$3,100,000
Alco West Las Vegas I LP
D/s Nevada Ltd
Grant Deed
$3,750,000 · Key Bank Of Utah
Dec 28, 1990
$545,960
D S Nevada Ltd
Unknown
Grant Deed
—
—
—
West Las Vegas I Alco
—
Deed Of Trust
related
$3,000,000 · Equitrust Life Insurance Co
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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