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Property profile & analytics
OFF-MARKET
Commercial land
Las Vegas, NV 89104
Individually Owned
2-yr Hold
Free & Clear
Property ID
US62-0530136
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1952
Total area
918 SF
Lot
0.1 ac (4,356 SF)
APN
161-06-110-037
UPID
US62-0530136
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vern L Padgett · 2 yrs held
Vern L Padgett
since 2023
Last sale
$305,000
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
—
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
$316
Tax year 2023
Assessed value
$12,197
Assessed 2024
Previous assessed
$10,672
+14.3% YoY
Effective rate
2.59%
On assessed value
Assessed land
$12,197
Land market value
$34,849
Total market value
$34,849
Applied tax rate
340.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1952
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Rooms
6
Bathrooms
2
Total area
918 SF
Lot
0.1 ac (4,356 SF)
APN
161-06-110-037
UPID
US62-0530136
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
1952
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Vern L Padgett
Individual
Free & Clear · 2 yrs held
Mailing address
3684 MCKINLEY AVE, LAS VEGAS, NV 89121-4433
Ownership since
2023
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 2, 2023
—
Vern L Padgett
Clark County Treasurer
Redemption Deed
related
—
Jul 6, 2021
$305,000
Vern L Padgett
Josefa Camarda
Bargain And Sale Deed
—
Aug 27, 2010
$165,000
Camarda Josefa Living Trust
Clark Cnty Cu
Grant Deed
$105,000 · Clark County Cu
Jan 13, 2009
$449,730
Cnty Cu Clark
Nevada Title Co
Trustees Deed
related
—
Apr 29, 2008
—
Charleston M J LLC
Childress,chad L & Germaine A
Grant Deed
$445,600 · Clark County Cu
Sep 4, 2007
$715,000
Chad L Childress
Lili Claire Foundation INC
Grant Deed
$440,000 · Clark County Cu
May 31, 2007
—
Lili Claire Foundation INC
Lili Claire Foundation INC
Quit Claim Deed
—
Jan 9, 2004
$304,380
Lili Claire Foundation
Berlin,david
Grant Deed
—
Jun 11, 1996
$60,000
David Berlin
Bernard Resnick Md Ira
Grant Deed
$55,000 · Seller
Jun 5, 1995
$55,000
Bernard Resnick Ira
Holly,john
Grant Deed
—
Apr 30, 1991
$30,000
John Holly
Unknown
Grant Deed
—
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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