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Property profile & analytics
OFF-MARKET
Office buildings
1221 Lk Mead Blvd North Las Vegas, NV 89030-6940
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0287008
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
FRAME
Total area
1,508 SF
Lot
0.17 ac (7,405 SF)
APN
139-23-311-153
UPID
US62-0287008
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
1221 E Lake Mead LLC · 4 yrs held
1221 E Lake Mead LLC
since 2021
Last sale
$430,500
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$2,240
Tax year 2023
Assessed value
$66,356
Assessed 2024
Previous assessed
$66,685
-0.5% YoY
Effective rate
3.38%
On assessed value
Assessed land
$22,678
Assessed improvement
$43,678
Land market value
$64,794
Improvement market value
$124,794
Total market value
$189,588
Applied tax rate
253.0000
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
1996
Construction
FRAME
Heating
YES
Stories
1
Total area
1,508 SF
Lot
0.17 ac (7,405 SF)
APN
139-23-311-153
UPID
US62-0287008
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
1996
Construction
FRAME
Heating
YES
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1221 E Lake Mead LLC
Entity
Mailing address
4484 S PECOS RD STE #100, LAS VEGAS, NV 89121-5044
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
1221 E Lake Mead LLC
—
Deed
related
$176,000 · United States Small Business Admin
Dec 22, 2021
$430,500
1221 E Lake Mead LLC
Keith Allan Resnick
Bargain And Sale Deed
$212,000 · Zb NA
Dec 22, 2021
—
Keith Allan Resnick
Jessica Saylor
Intrafamily Transfer
related
—
Apr 3, 2018
—
Jason S Huang
Mutual Of Enumclaw Ins Co
Grant Deed
related
—
Jan 8, 2018
$219,000
Keith A Resnick
Huang,jason S
Grant Deed
$150,000 · First Svgs Bk
Jan 8, 2018
—
Jason S Huang
La Chen,hui
Quit Claim Deed
related
—
Sep 20, 2017
$3,638,000
Jason S Huang
Mutual Of Enumclaw Ins Co
Trustees Deed
$2,520,000 · Royal Busn Bk
Jun 29, 2016
—
Mutual Ofe Enumclaw Insurance
Nevada General Insurance Co
Quit Claim Deed
related
—
Dec 30, 2011
—
Nevada General Insurance Co
Aic America
Quit Claim Deed
related
—
Dec 16, 1997
—
America Aic
Nevada General Ins Co INC
Quit Claim Deed
related
—
Sep 11, 1995
—
North Las Vegas City
Nevada General Insurance Co
Grant Deed
related
—
May 31, 1995
—
Thomas G Myers
Thomas H Myers Estate
Quit Claim Deed
related
—
May 31, 1995
$75,000
Nevada General Insurance Co
Myers,thomas G
Trustees 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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