Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,005,000
Medical Office Space
1581 Mt Mariah Dr Ste 150 Las Vegas, NV 89106-1506
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0425814
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
FRAME
Total area
14,814 SF
Lot
2.08 ac (90,605 SF)
APN
139-21-313-013
UPID
US62-0425814
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
$7.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.01M
Owner & transaction history
Smbc Leasing And Finance INC · 4 yrs held
Smbc Leasing And Finance INC
since 2022
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.7M
+161.9%
Commercial (general)
$8.6M
+111.5%
Auto repair, garage
$8.2M
+101.8%
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
$7,935,000
ML approach
$7,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,675,000
Change: +162% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,620,000
Change: +111% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,230,000
Change: +102% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,430,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$5,540,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$8.01M
Range $7.20M – $8.81M · ±10% · vs last sale $8.15M (Jul 29 2022)
Last sale anchor
$8.15M
Jul 29 2022
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
$540 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$31,806
Tax year 2021
Assessed value
$971,043
Assessed 2022
Previous assessed
$971,043
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$237,838
Assessed improvement
$733,205
Land market value
$679,537
Improvement market value
$2,094,871
Total market value
$2,774,408
Applied tax rate
204.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Stories
1
Total area
14,814 SF
Lot
2.08 ac (90,605 SF)
APN
139-21-313-013
UPID
US62-0425814
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
RESTAURANT
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
RETAIL STORES
Est. value
$5.5M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2017
Construction
FRAME
Heating
YES
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Mailing address
277 PARK AVE FL #6, NEW YORK, NY 10172-0601
Ownership since
2022
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
Jul 29, 2022
$8,150,000
Smbc Leasing And Finance INC
Lake Mead Mlk LLC
Bargain And Sale Deed
$8,235,000 · Smbc Leasing And Finance INC
Feb 14, 2022
—
Lake Mead Mlk LLC
City Of Las Vegas
Re-recorded Document
related
—
Nov 1, 2016
—
Lake Mead Mlk LLC
—
Trustees Deed
related
$3,100,000 · Meadows Bk
Oct 10, 2016
$175,359
Lake Mead Mlk LLC
City Of Las Vegas
Grant Deed
—
Oct 10, 2016
—
Lake Mead Mlk LLC
City Of Las Vegas
Grant Deed
related
—
Jul 15, 2016
$514,080
Lake Mead Mlk LLC
City Of Las Vegas
Grant Deed
—
Dec 30, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1581 Mt Mariah Dr Ste, Unit 150?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
