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Property profile & analytics
FOR LEASE
Office buildings
150 N Durango Dr Las Vegas, NV 89145
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-0298120
For Lease
1 / 5
$23 SF/Yr
150 N Durango Dr, Las Vegas, NV 89145
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
FRAME
Total area
17,650 SF
Lot
2.06 ac (89,734 SF)
APN
138-28-401-011
UPID
US62-0298120
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
$4.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
Associated General Contractors Las · 10 yrs held
Associated General Contractors Las
since 2016
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 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%
$4,830,000
6.5%
$4,460,000
7%
$4,140,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,345,000
Current use
INDUSTRIAL (GENERAL)
$5,225,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±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
$191 / 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
$34,863
Tax year 2023
Assessed value
$1,327,609
Assessed 2024
Previous assessed
$1,180,452
+12.5% YoY
Effective rate
2.63%
On assessed value
Assessed land
$455,400
Assessed improvement
$872,209
Land market value
$1,301,143
Improvement market value
$2,492,026
Total market value
$3,793,169
Applied tax rate
200.0000
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
For Lease
Year built
2001
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Total area
17,650 SF
Lot
2.06 ac (89,734 SF)
APN
138-28-401-011
UPID
US62-0298120
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
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
OFFICE BUILDING Current
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
2001
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Lot
2.06 ac
Current owner
From public records · entity-resolved
Associated General Contractors Las
Individual
Mailing address
6140 BRENT THURMAN WAY #140, LAS VEGAS, NV 89148-5016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2016
—
Associated General Contractors Las
Associated General Contractors
Bargain And Sale Deed
$1,732,000 · Western Alliance Bank
May 22, 2002
$2,250,000
Contractors Associated
Soneva Investments LLC
Grant Deed
$2,050,000 · Nevada State Bank
Apr 10, 2002
$2,250,000
Soneva Investments LLC
Vestine Mortgage Corp
Grant Deed
related
$2,245,000 · Vestine Mortgage Corp
Sep 25, 2001
$28,568
Vestine Mortgage Corp
Durango Corporate Center INC
Trustees Deed
related
—
Dec 29, 1999
$750,000
Durango LLC
Durango Corporate Center INC
Trustees Deed
related
—
Dec 29, 1999
—
Durango Corporate Center INC
—
Deed Of Trust
related
$2,095,000 · Del Mar Mortgage INC
Nov 18, 1998
$639,000
Durango Coroprate Center INC
Durwest Partners
Grant Deed
$445,000 · Private Funding Of Nevada
—
—
Durango Corporate Center INC
—
Deed Of Trust
related
$5,000 · Del Mar Mortgage INC
—
—
Contractors Associated
—
Deed Of Trust
related
$2,035,000 · Red Rock Community Bank
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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