Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8740 Jones Blvd Las Vegas, NV 89139-6994

    • Industrial properties
    • 18,813 SF
    • 1.90 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2023
    $5,250,000
    Value Estimations
    $5,060,000
    Show details
    Cap Rate Potential
    2.3%
    Industrial properties
    Location Intelligence
    Property ID
    US62-0372365
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bishop Lifting - Silver State Wire Rope & Rigging / Factory / Industrial Manufacturer
    • FIBER TECH LIFTING PRODUCTS / Construction Company

    Property Details for 8740 Jones Blvd

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    1.90 lot acres
    Property size
    18,813 SF
    Property type
    Industrial properties
    APN
    176-13-413-001
    APU
    17613413001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,965,000
      ML approach
      $4,765,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,570,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $8,165,000
      Change: +47% Conversion: Difficult
      RETAIL STORES
      $7,035,000
      Change: +26% Conversion: Moderate
      OFFICE BUILDING
      $5,695,000
      Change: +2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.225
    Latitude
    36.0309
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,075
    $470,720
    $614,838
    $1,085,558
    -
    $1,344,914
    $1,756,680
    $3,101,594

    Comparable in this City

    • Value Estimation by Request
      208,076 SF

      7485 Dean Martin Dr

      Manufacturing properties • 208,076 SF
      7485 Dean Martin Dr, Las Vegas, NV 89139
      View Details
    • Value Estimation
      $3,005,000
      5,000 SF

      6820 Gary Ave

      HEAVY INDUSTRIAL • 5,000 SF
      6820 Gary Ave, Las Vegas, NV 89139-7315
      View Details
    • Value Estimation
      $1,785,000
      4,000 SF

      6780 Gary Ave

      HEAVY INDUSTRIAL • 4,000 SF
      6780 Gary Ave, Las Vegas, NV 89139-7313
      View Details
    • Value Estimation by Request
      5,000 SF

      8865 Bronco St

      HEAVY INDUSTRIAL • 5,000 SF
      8865 Bronco St, Las Vegas, NV 89139-6819
      View Details
    • Value Estimation
      $6,755,000
      81,200 SF

      4670 Silverado Rnch Blvd

      INDUSTRIAL (GENERAL) • 81,200 SF
      4670 Silverado Rnch Blvd, Las Vegas, NV 89139-8307
      View Details
    • Value Estimation by Request
      2,625 SF

      9260 El Camino Rd

      CONSTRUCTION/CONTRACTING SERVICES • 2,625 SF
      9260 El Camino Rd, Las Vegas, NV 89139-7344
      View Details

    Similar Nearby for Sale

    • $1,450,000

      Luxury Las Vegas Home Site

      2.5 Acres, Up to 5 Homes
      3800 Ford Ave, Las Vegas, NV 89139
      View Details
    • $1,500,000
      1.25 Acres

      Arville & Serene Commercial Land

      1.25-Acre Prime Development Lot
      Las Vegas, NV 89139
      View Details
    • $5,800,000
      10,000 SF

      Las Vegas Net Lease Daycare

      10,000 SF Daycare, 14.5-Year Lease
      5155 Blue Diamond Rd, Las Vegas, NV 89139
      View Details
    • $212,000
      0.06 Acres

      Las Vegas Motorcoach Resort Land

      North-facing perimeter site with pavers in Las Vegas Motorcoach Resort.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • $214,000
      0.06 Acres

      Las Vegas Motorcoach Resort Land

      Land with extended pad, pavers, palapas, and landscaping.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • $249,900
      0.06 Acres

      Las Vegas Motorcoach Resort Lot

      Resort living with outdoor kitchen and fireplace near clubhouse.
      8175 Arville St, Las Vegas, NV 89139
      View Details

    Similar Nearby for Lease

    • $92,784
      169,013 SF

      Prime Industrial Land Lease/BTS

      4-acre industrial land, I-15 access.
      9098 Bronco St, Las Vegas, NV 89139
      View Details
    • $19 SF/Yr
      3,760 SF

      Industrial Space Available in Las Vegas

      3,760 SF industrial property for lease in Las Vegas.
      9545 Arville St, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      52,371 SF

      Freeway Frontage Flex/Industrial Space

      Flex/industrial spaces available Q1 2025 with freeway frontage.
      8620 Dean Martin Dr, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      10,280 SF

      Dean Martin Warehouse Space

      10,280 square foot warehouse space available for rent.
      7850 Dean Martin Dr, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      70,802 SF

      Dean Martin Business Center

      Las Vegas Flex Space, 70,802 SF
      8540 Dean Martin Dr, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Space with Office

      25,000 SF industrial space featuring office and warehouse areas.
      4120 W Windmill Ln, Las Vegas, NV 89139
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8740 Jones Blvd
    Las Vegas, NV 89139-6994
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.