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Property profile & analytics
OFF-MARKET
Estimated value
$6,215,000
Office buildings
10500 Clark Petersen Blvd Las Vegas, NV 89165-1802
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0508653
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Construction
METAL FRAME
Total area
24,640 SF
Lot
51.12 ac (2,226,787 SF)
APN
122-09-610-001
UPID
US62-0508653
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
$6.23M
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$6.22M
Owner & transaction history
Mmb Apex Auction LLC · 8 yrs held
Mmb Apex Auction LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.2M
+23.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,740,000
6.5%
$6,225,000
7%
$5,780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,460,000
Current use
RETAIL STORES
$9,210,000
Change: +23% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,295,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$6.22M
Range $5.59M – $6.84M · ±10%
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
$252 / 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
$64,781
Tax year 2023
Assessed value
$2,993,817
Assessed 2024
Previous assessed
$2,792,421
+7.2% YoY
Effective rate
2.16%
On assessed value
Assessed land
$930,384
Assessed improvement
$2,063,433
Land market value
$2,658,240
Improvement market value
$5,895,523
Total market value
$8,553,763
Applied tax rate
121.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Construction
METAL FRAME
Heating
YES
Buildings
2
Stories
1
Total area
24,640 SF
Lot
51.12 ac (2,226,787 SF)
APN
122-09-610-001
UPID
US62-0508653
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.5M
RETAIL STORES
Est. value
$9.2M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
OFFICE BUILDING Current
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
METAL FRAME
Heating
YES
Stories
1
Buildings
2
Lot
51.12 ac
Current owner
From public records · entity-resolved
Mmb Apex Auction LLC
Entity
Mailing address
25258 CABOT RD, LAGUNA HILLS, CA 92653-5504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2017
$21,250,000
Mmb Apex Auction LLC
Diamond Apex LLC
Grant Deed
—
Feb 10, 2017
$21,250,000
Mmb Apex Auction LLC
Diamond Apex LLC
Grant Deed
—
Jan 19, 2017
$21,250,000
Mmb Apex Auction LLC
Diamond Appex LLC
Grant Deed
—
—
—
Diamond Apex LLC
—
Deed Of Trust
related
$13,000 · Bank Of Nevada
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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