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Property profile & analytics
OFF-MARKET
Estimated value
$5,785,000
Medical Office Space
1815 Lk Mead Blvd North Las Vegas, NV 89030-7187
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US62-0374637
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
FRAME
Total area
44,687 SF
Lot
0.46 ac (20,038 SF)
APN
139-23-701-012
UPID
US62-0374637
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
-
Heart Center of Nevada Hospital
-
North Vista Wound Care & Hyperbaric Medicine Center Medical Clinic
-
MML Physical Therapy Medical Clinic
-
Dr. Malhi Physician
-
21st Century Oncology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.79M
Owner & transaction history
College Park Realty Co · 25 yrs held
College Park Realty Co
since 2001
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$129 / 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
$81,456
Tax year 2023
Assessed value
$2,462,845
Assessed 2024
Previous assessed
$2,428,228
+1.4% YoY
Effective rate
3.31%
On assessed value
Assessed land
$61,367
Assessed improvement
$2,401,478
Land market value
$175,334
Improvement market value
$6,861,366
Total market value
$7,036,700
Applied tax rate
253.0000
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
2000
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Total area
44,687 SF
Lot
0.46 ac (20,038 SF)
APN
139-23-701-012
UPID
US62-0374637
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
2000
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
College Park Realty Co
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
North Vista Hospital LLC
—
Deed
related
—
Feb 19, 2021
—
North Vista Hospital LLC
—
Deed
related
$700,000,000 · Umb Bank NA
Apr 17, 2020
—
1815 E Lake Mead Blvd LLC
—
Deed
related
$380,050,000 · Capital One NA
Sep 5, 2018
—
North Vista Hospital INC
—
Deed
related
$450,000 · Wells Fargo Bk
Apr 26, 2004
—
Lake Mead Hospital INC
—
Deed Of Trust
related
$525,000,000 · Bank Of America NA Trustee
Jan 18, 2001
—
College Park Realty Co
Pardee Trust
Quit Claim Deed
related
—
—
—
1815 E Lake Mead Blvd LLC
—
Deed Of Trust
related
$380,050,000 · Capital One NA
—
—
North Vista Hospital INC
—
Loan Modification
related
—
—
—
North Vista Hospital INC
—
Deed Of Trust
related
$600,000 · Wells Fargo Bk
—
—
Lake Mead Medical Investors LP
—
Deed Of Trust
related
$5,641,927 · Health Care Reit INC
—
—
North Vista Hospital INC
—
Deed Of Trust
related
$300,000 · * Other Institutional Lenders
—
—
North Vista Hospital INC
—
Deed Of Trust
related
$300,000 · * Other Institutional Lenders
—
—
Lake Mead Medical Investors LP
—
Deed Of Trust
related
$6,718,000 · Washington Mutual Fsb
—
—
North Vista Hospital INC
—
Loan Modification
related
$450,000 · Wells Fargo Bk
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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