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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Office buildings
1580 Desert Inn Rd Las Vegas, NV 89169-2548
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US62-1011216
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,696 SF
Lot
0.27 ac (11,761 SF)
APN
162-11-411-109
UPID
US62-1011216
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
-
Crown Dental Lab LLC Dental Office
-
5 Star Frame Dental Laboratory Dental Office
-
Smiles Today Dental Dental Office
-
Select Medical Physician
-
GV Dental Lab Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
Vegas Valley Center LLC · 16 yrs held
Vegas Valley Center LLC
since 2010
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$138 / 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
$8,428
Tax year 2023
Assessed value
$310,248
Assessed 2024
Previous assessed
$287,252
+8.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$41,164
Assessed improvement
$269,084
Land market value
$117,611
Improvement market value
$768,811
Total market value
$886,422
Applied tax rate
410.0000
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
15,696 SF
Lot
0.27 ac (11,761 SF)
APN
162-11-411-109
UPID
US62-1011216
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Vegas Valley Center LLC
Entity
Mailing address
1580 E DESERT INN RD, LAS VEGAS, NV 89169-2548
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2010
$1,150,000
Vegas Valley Center LLC
Costello,ronald
Grant Deed
$100,000 · Abbington Trading LLC
Sep 21, 2007
—
Mary Costello
Costello F & M Living Trust
Quit Claim Deed
related
$200,000 · Dan B Yaffe
Jul 14, 2006
$2,370,000
Costello Fred & M Living Trust
Sft Family Trust
Grant Deed
—
Jun 30, 1993
—
N Steed R P T Chartered Wayne
Steed,wayne N
Quit Claim Deed
related
$1,059,000 · Nevada State Bank
Apr 23, 1992
$900,000
Wayne N R P T Chartered Steed
Unknown
Grant Deed
—
—
—
Ronald Costello
—
Deed Of Trust
related
$275,000 · Plustus Ltd
—
—
Ronald Costello
—
Deed Of Trust
related
$100,000 · Private Lender
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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