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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
1629 Boulder City Pkwy Boulder City, NV 89005-1908
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-1293723
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
FRAME
Total area
1,252 SF
Lot
0.04 ac (1,742 SF)
APN
186-08-312-002
UPID
US62-1293723
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
$560k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$431k
Blend (final)
Blend
$510k
Owner & transaction history
Kudu Properties LLC · 3 yrs held
Kudu Properties LLC
since 2022
Last sale
$498,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$640,000
+70.9%
Neighborhood: shopping center
$545,000
+45.0%
Retail stores
$405,000
+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
$555,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$375,000
Current use
AUTO REPAIR, GARAGE
$640,000
Change: +71% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$405,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$360,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $498k (Jul 25 2022)
Last sale anchor
$498k
Jul 25 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
$407 / 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
$1,113
Tax year 2023
Assessed value
$60,155
Assessed 2024
Previous assessed
$54,320
+10.7% YoY
Effective rate
1.85%
On assessed value
Assessed land
$8,536
Assessed improvement
$51,619
Land market value
$24,389
Improvement market value
$147,483
Total market value
$171,872
Applied tax rate
58.0000
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
HEAT PUMP
Stories
1
Total area
1,252 SF
Lot
0.04 ac (1,742 SF)
APN
186-08-312-002
UPID
US62-1293723
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
$375,000
AUTO REPAIR, GARAGE
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
RETAIL STORES
Est. value
$405,000
MEDICAL BUILDING
Est. value
$360,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Kudu Properties LLC
Entity
Mailing address
3149 DROMARA WAY, HENDERSON, NV 89044-0492
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 25, 2022
$498,000
Kudu Properties LLC
1629 Shenouda Investments LLC
Bargain And Sale Deed
$487,000 · America First FCU
Jan 9, 2018
$300,000
1629 Shenouda Investments LLC
Lorina Red Rock Trust
Grant Deed
$290,000 · Lorina Red Rock Trust (ct)
Apr 29, 2004
—
Lorina Red Rock Trust
Lorina,anthony D & Sandra L
Quit Claim Deed
related
—
Apr 20, 2004
$320,000
Anthony D Lorina
Brancacio,kimberly D
Grant Deed
—
Jun 14, 2002
$265,000
Kimberly D Brancacio
Pfeffer Trust
Grant Deed
$190,000 · Boulder Dam Cu
Mar 10, 2000
$205,000
Pfeffer Trust
Boulder Dam Cu
Grant Deed
—
Nov 4, 1999
$260,801
Dam Cu Boulder
Duncan,charles H & Diane M
Trustees 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.
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