New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,110,000
Warehouses
8525 Flamingo Rd Las Vegas, NV 89147-4101
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0352742
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
FRAME
Total area
110,093 SF
Lot
4.62 ac (201,247 SF)
APN
163-21-101-002
UPID
US62-0352742
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
-
24/7 Express Delivery Trucking Company
-
CubeSmart Self 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
$8.11M
Owner & transaction history
Cubesmart LP · 9 yrs held
Cubesmart LP
since 2016
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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
$66,757
Tax year 2023
Assessed value
$2,735,885
Assessed 2024
Previous assessed
$2,467,180
+10.9% YoY
Effective rate
2.44%
On assessed value
Assessed land
$1,144,592
Assessed improvement
$1,591,293
Land market value
$3,270,263
Improvement market value
$4,546,551
Total market value
$7,816,814
Applied tax rate
417.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1996
Construction
FRAME
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
898
Total area
110,093 SF
Lot
4.62 ac (201,247 SF)
APN
163-21-101-002
UPID
US62-0352742
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
1996
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
898
Lot
4.62 ac
Current owner
From public records · entity-resolved
Cubesmart LP
Entity
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2016
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 13, 2016
$13,250,000
Cubesmart LP
Flamingo Self Storage LP
Warranty Deed
—
Apr 7, 2008
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Jul 29, 1994
$670,000
Marquardt Trust
Sanderson,jay W
Grant Deed
—
Feb 8, 1994
—
Jay W Sanderson
Jenkins Trust
Grant Deed
related
—
Mar 8, 1991
$142,500
Jay William Etal Sanderson
Unknown
Grant Deed
—
—
—
Flamingo Self-storage LP
—
Deed Of Trust
related
$2,800,000 · Norwest Bank Nevada
—
—
Flamingo Self Storage LP
—
Deed Of Trust
related
$2,645,000 · American Savings Bank
—
—
Flamingo Self-storage LP
—
Deed Of Trust
related
$2,675,000 · Norwest Bank Nevada
—
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
—
—
—
Flamingo Self Storage LP
—
Deed Of Trust
related
$2,750,000 · Rga Reinsurance Co
—
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
—
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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