Property profile

1121 Palm St Las Vegas, NV 89104

OFF-MARKET
Office buildings
Property ID
US62-0372393
5,640 SF 0.54 ac lot Built 2003
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Construction FRAME
Total area 5,640 SF
Lot 0.54 ac (23,522 SF)
APN 162-01-510-054
UPID US62-0372393

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Vehicle Inspection Center
  • Interior Design Auto Repair Shop
  • Social Service Agency Charitable Organization
  • Tax Preparation

Location

1121 Palm St Las Vegas, NV 89104-4621
Las Vegas metro Census 1501 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.43M
Comparable Approach Comparable
$1.40M
Blend (final) Blend
$395k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2016
Price N/A
2016
$480,000
2012
Price N/A
2009
Price N/A
2005
$650,000
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $1.7M +66.7%
Medical building $1.6M +54.9%
Commercial (general) $1.4M +42.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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