Entity Owned Property summary
AI-generated overview
This well-maintained, single-story office building, totaling 2,200 square feet, is available for sale or lease. Located at 1631 E Desert Inn Rd, Las Vegas, NV 89169, this Class C property sits on a 0.28-acre lot (APN 162-14-110-062) and boasts a prime location with high visibility on Desert Inn Road, experiencing over 35,000 cars daily. Recent renovations include fresh exterior paint, new flooring throughout, and removal of the popcorn ceiling. The building features a substantial garage and storage area, ideal for a growing business. Six dedicated parking spaces are available on the premises, plus an additional gated parking stall. Street parking is also accessible on Aztec. The property is zoned CP (Commercial Professional) by Clark County and offers convenient access to Harry Reid International Airport, the Las Vegas Strip, and Downtown Las Vegas. Nearby established mid-century modern neighborhoods provide a desirable surrounding area. All furniture is available for separate purchase. The asking price is $680,000, translating to $309.09 per square foot. This owner/user investment opportunity presents a compelling combination of location, recent improvements, and ample storage.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
FRAME
Total area
1,520 SF
Lot
0.27 ac (11,761 SF)
APN
162-14-110-062
UPID
US62-0208559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Parking Lot & Garage
-
Discount Store Waste Management Facility
-
Plumbing Service General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$545k
Owner & transaction history
since 2025
Last sale
$680,000
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$845,000
+83.4%
Neighborhood: shopping center
$660,000
+43.4%
Retail stores
$570,000
+23.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$545k
Value range
$491k – $600k
±10% around blend
Estimated value / SF
$359 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$491k
blend $545k
$600k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,520 SF
Lot area
0.27 ac
Year built
1961
Stories
1
APN
162-14-110-062
Assessed value
$61,660
Annual tax
$1,553
3
Income approach: direct capitalization
Partial preview
Income approach indication
$385k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$415k
@ 6.5% CAP return
$385k
@ 7% CAP return
$355k
4
Sales comparison
Partial preview
Sales approach indication
$448k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.4 mi away · 1,242 SF
1.6 mi away · 1,265 SF
1.9 mi away · 1,700 SF
2.1 mi away · 1,139 SF
2.1 mi away · 1,376 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$545k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 903 sales
$303
+18%
County 1070 sales
$300
+19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $359/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+83%
vs current-use indication
Neighborhood: Shopping Center
Retail Stores
Office Building · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.60%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.60%
9.0%
NOI (est.)
$48k *
Last sale · Jan 2025
$680k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.03M
Move the market yield to see immediate price impact.
Value / SF
$681
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.10%4.60%5.10%
$43k
$1.04M
$931k
$840k
$48k
$1.16M
$1.03M
$933k
$52k
$1.28M
$1.14M
$1.03M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$350k
0.4 mi · Mar 2026 · $206/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,553
Tax year 2023
Assessed value
$61,660
Assessed 2024
Previous assessed
$54,519
+13.1% YoY
Effective rate
2.52%
On assessed value
Assessed land
$41,164
Assessed improvement
$20,496
Land market value
$117,611
Improvement market value
$58,560
Total market value
$176,171
Applied tax rate
470.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
1,520 SF
Lot
0.27 ac (11,761 SF)
APN
162-14-110-062
UPID
US62-0208559
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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