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    Property profile & analytics

    Las Vegas, NV 89102

    • Warehouses
    • 2,400 SF
    • 1.81 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    8.3%
    Warehouses
    Location Intelligence
    Property ID
    US62-0808262
    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

    • Warehouses

    Property Details

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    1.81 lot acres
    Property size
    2,400 SF
    Property type
    Warehouses
    APN
    162-04-507-012
    APU
    16204507012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $265,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $184,000
      Market price range: $48.8k - $184k

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.157
    Latitude
    36.1554
    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
    $5,966
    $655,391
    $17,115
    $672,506
    -
    $1,872,546
    $48,900
    $1,921,446

    Comparable in this City

    • Value Estimation
      $1,105,000
      43,278 SF

      2800 Rancho Dr

      WAREHOUSE, STORAGE • 43,278 SF
      2800 Rancho Dr, Las Vegas, NV 89102-6404
      View Details
    • Value Estimation
      $370,000
      28,800 SF

      3436 Aldebaran Ave

      WAREHOUSE, STORAGE • 28,800 SF
      3436 Aldebaran Ave, Las Vegas, NV 89102-8423
      View Details
    • Value Estimation
      $1,480,000
      5,586 SF

      3061 Sheridan St

      WAREHOUSE, STORAGE • 5,586 SF
      3061 Sheridan St, Las Vegas, NV 89102-7818
      View Details
    • Value Estimation
      $520,000
      34,950 SF

      3240 Sirius Ave

      WAREHOUSE, STORAGE • 34,950 SF
      3240 Sirius Ave, Las Vegas, NV 89102-0511
      View Details
    • Value Estimation
      $380,000
      10,100 SF

      3300 Sirius Ave Ste, Unit 107

      MINI-WAREHOUSE, STORAGE • 10,100 SF
      3300 Sirius Ave Ste, Las Vegas, NV 89102-7821
      View Details
    • Value Estimation
      $200,000
      3,060 SF

      3200 Procyon St

      WAREHOUSE, STORAGE • 3,060 SF
      3200 Procyon St, Las Vegas, NV 89102-8366
      View Details

    Similar Nearby for Sale

    • $3,545,000

      Las Vegas Warehouse For Sale

      Warehouse property available for purchase in Las Vegas, Nevada.
      3430 Polaris Ave, Las Vegas, NV 89102
      View Details
    • $1,300,000

      Las Vegas Industrial Property For Sale

      Industrial property available for purchase in Las Vegas, Nevada.
      3355 Pollux Ave, Las Vegas, NV 89102
      View Details
    • $16,800,000
      4.07 Acres

      Las Vegas Industrial Redevelopment

      4-Acre Lot, Prime Location, High Potential
      3355 Procyon St, Las Vegas, NV 89102
      View Details
    • $315,000
      974 SF

      Luxurious High-Rise Condo with Panoramic Views

      Never-lived-in, fully furnished condo with upgrades and prime location.
      200 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • $310,000
      1,090 SF

      Las Vegas High-Rise Condo

      One bed, one bath condo with den and stunning views.
      200 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • $375,000
      1,295 SF

      Luxury High-Rise Condo on Strip

      Las Vegas Strip view, dual master, new paint and flooring.
      200 W Sahara Ave, Las Vegas, NV 89102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,400 SF

      Las Vegas Industrial Space Available

      Industrial units with flexible loading and clear height in Las Vegas.
      3542 Sirius Ave, Las Vegas, NV 89102
      View Details
    • $0.75 SF/Yr
      5,000 SF

      Las Vegas Flex/Industrial Space

      Flex/industrial space available for lease in central Las Vegas.
      3100 Sirius Ave, Las Vegas, NV 89102
      View Details
    • $1.20 SF/Yr
      2,216 SF

      Warehouse with Private Offices

      2,216 SF warehouse space with offices and secure parking.
      3370 Pinks Pl, Las Vegas, NV 89102
      View Details
    • $0.75 SF/Yr
      5,000 SF

      Las Vegas Flex/Industrial Space

      Flex/industrial space available for lease in central Las Vegas.
      3070 W Sirius Ave, Las Vegas, NV 89102
      View Details
    • $12 SF/Yr
      14,332 SF

      Arts District Commercial Spaces

      Versatile Units, Prime Location, 2,559-4,985 SF
      110 Wyoming Ave, Las Vegas, NV 89102
      View Details
    • $1.20 SF/Yr
      2,085 SF

      Industrial Space Near Las Vegas Strip

      Industrial space for lease near the Las Vegas Strip.
      3021 S Valley View Blvd, Las Vegas, NV 89102
      View Details
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    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
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