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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1081 Cimarron Rd Las Vegas, NV 89145-2425

    • Office buildings
    • 6,600 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Mar 07, 2023
    $1,000,000
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    9.6%
    Office buildings
    Location Intelligence
    Property ID
    US62-0418900
    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

    • RD Johnson Law Offices, LLC / Law Firm
    • Reliable Primary Care and Wellness / Physician
    • Oasis Medical Services / Physician
    • Works of Life / Charitable Organization / Social Service Agency
    • ChiropracTed / Medical Clinic

    Property Details for 1081 Cimarron Rd

    Year built
    1996
    Construction
    FRAME
    Lot size
    0.61 lot acres
    Property size
    6,600 SF
    Property type
    Office buildings
    APN
    138-33-401-031
    APU
    13833401031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,125,000
      ML approach
      $1,130,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.271
    Latitude
    36.1605
    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
    $9,249
    $137,643
    $176,003
    $313,646
    -
    $393,266
    $502,866
    $896,132

    Comparable in this City

    • Value Estimation
      $2,650,000
      18,894 SF

      810 Durango Dr Ste, Unit 101

      OFFICE BUILDING • 18,894 SF
      810 Durango Dr Ste, Las Vegas, NV 89145-2487
      View Details
    • Value Estimation
      $805,000
      4,281 SF

      10161 Park Run Dr Ste, Unit 150

      OFFICE BUILDING • 4,281 SF
      10161 Park Run Dr Ste, Las Vegas, NV 89145-8872
      View Details
    • Value Estimation
      $4,850,000
      10,531 SF

      10181 Park Run Dr Ste, Unit 200

      OFFICE BUILDING • 10,531 SF
      10181 Park Run Dr Ste, Las Vegas, NV 89145-8873
      View Details
    • Value Estimation
      $510,000
      2,401 SF

      10161 Park Run Dr

      OFFICE BUILDING • 2,401 SF
      10161 Park Run Dr, Las Vegas, NV 89145-8871
      View Details
    • Value Estimation
      $21,000,000
      50,722 SF

      851 Rampart Blvd Ste, Unit 170

      OFFICE BUILDING • 50,722 SF
      851 Rampart Blvd Ste, Las Vegas, NV 89145-4885
      View Details
    • Value Estimation
      $4,320,000
      23,956 SF

      10091 Park Run Dr

      OFFICE BUILDING • 23,956 SF
      10091 Park Run Dr, Las Vegas, NV 89145-8867
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      71,006 SF

      Established Office Building For Sale

      71,006 square foot office building with strong occupancy history.
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      View Details
    • Contact for pricing
      28,545 SF

      Las Vegas Office Building For Sale

      28,545 SF office building on 3.52 acres.
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    • $937,500
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      Queensridge Medical Office Condos

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      Luxury High-Rise Residence with Strip Views

      Immaculately maintained residence with panoramic views and luxurious amenities.
      9103 Alta Dr, Las Vegas, NV 89145
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    • $2,950,000
      4,826 SF

      Luxury High-Rise Condo with Strip Views

      Spacious condo with Red Rock and Strip views, private garage.
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      Luxury High-Rise Living in Las Vegas

      Stunning 2-bed, 2.5-bath residence with luxury amenities.
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    Similar Nearby for Lease

    • $1.95 SF/Yr

      Elegant Colonial Style Office Building

      Two-story office building with upgraded finishes and freeway access.
      150 North Durango Dr, Las Vegas, NV 89145
      View Details
    • $20 SF/Yr
      82,255 SF

      Westcliff Tower Office Space Available

      Class A Office Suites in Northwest Las Vegas
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      View Details
    • $2 SF/Yr
      8,210 SF

      Upscale Retail & Office Space

      Mixed-use destination with retail, restaurant, entertainment, and office spaces.
      410 South Rampart Blvd, Las Vegas, NV 89145
      View Details
    • $0.90 SF/Yr
      44,780 SF

      Office Space Over Retail

      Available office space with retail amenities and ample parking.
      2050-2160 N Rainbow Blvd, Las Vegas, NV 89145
      View Details
    • $2 SF/Yr
      3,453 SF

      Upscale Office Space in Tivoli

      Sophisticated office space in a vibrant, multi-use destination.
      400 South Rampart Blvd, Las Vegas, NV 89145
      View Details
    • $2 SF/Yr
      25,445 SF

      Upscale Office Space in Tivoli

      Office space in a master-planned, multi-use destination.
      330 South Rampart Blvd, Las Vegas, NV 89145
      View Details
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    1081 Cimarron Rd
    Las Vegas, NV 89145-2425
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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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