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Property profile & analytics
OFF-MARKET
Estimated value
$7,275,000
Office buildings
1201 Airport Rd Boulder City, NV 89005-3673
Individually Owned
7-yr Hold
Free & Clear
Property ID
US62-0498236
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
FRAME
Total area
30,000 SF
Lot
490.45 ac (21,364,002 SF)
APN
186-20-101-007
UPID
US62-0498236
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
Current use
Occupant on record · Public records
-
Boulder City Aviation Services Freight Service Logistics Company
-
Hertz Car Rental - Boulder City Airport Car Rental Facility
-
PlaneSense, Inc. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.53M
Comparable Approach
Comparable
$6.31M
Blend (final)
Blend
$7.28M
Owner & transaction history
State Of Nv · 7 yrs held
State Of Nv
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.7M
+8.2%
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 Boulder City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder City 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%
$9,235,000
6.5%
$8,525,000
7%
$7,915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,005,000
Current use
RETAIL STORES
$9,745,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$8,665,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$7.28M
Range $6.55M – $8.00M · ±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
$243 / 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
Assessed value
$16,031,247
Assessed 2024
Previous assessed
$15,830,009
+1.3% YoY
Assessed land
$14,161,744
Assessed improvement
$1,869,503
Land market value
$40,462,126
Improvement market value
$5,341,437
Total market value
$45,803,563
Applied tax rate
52.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
9
Stories
1
Total area
30,000 SF
Lot
490.45 ac (21,364,002 SF)
APN
186-20-101-007
UPID
US62-0498236
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
$9.0M
RETAIL STORES
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$8.7M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
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
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
9
Lot
490.45 ac
Current owner
From public records · entity-resolved
State Of Nv
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 61350, BOULDER CITY, NV 89006-1350
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
—
Townsite Solar LLC
—
Deed
related
—
Aug 15, 2018
—
State Of Nv
Regional Transportation Comn O
Quit Claim Deed
related
—
Jul 17, 2017
—
Monarch Ents INC
—
Deed
related
$2,788,458 · Mufg Union Bk NA
Apr 2, 2004
$800,000
Aztec LLC
Lake Mead Air INC
Grant Deed
$640,000 · Lake Mead Air INC
—
—
Monarch Ents INC
—
Deed Of Trust
related
$4,290,000 · Union Bank
—
—
Stars & Stripes Air Svcs LLC
—
Deed Of Trust
related
$1,700,000 · Glenroy Capital LLC
—
—
Monarch Ents INC
—
Deed Of Trust
related
$2,788,458 · Mufg Union Bk NA
—
—
Townsite Solar LLC
—
Deed Of Trust
related
—
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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