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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Medical Office Space
1950 Desert Inn Rd Las Vegas, NV 89169-3250
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0439167
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,878 SF
Lot
1 ac (43,560 SF)
APN
162-11-815-017
UPID
US62-0439167
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
-
Greene David C Medical Clinic
-
ATI Physical Therapy Medical Clinic
-
Touroutoglou Nikolaos MD Physician
-
Dr. Andrew J. Welch, MD Physician
-
ERIC STEVEN KOSCO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.48M
Owner & transaction history
Childrens Learn And Play LLC · 1 yrs held
Childrens Learn And Play LLC
since 2024
Last sale
$1.5M
6 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
Method
Estimation
Statistic approach
$1,210,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
$1,960,000
6.5%
$1,810,000
7%
$1,680,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,445,000
Current use
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10% · vs last sale $1.46M (Mar 31 2025)
Last sale anchor
$1.46M
Mar 31 2025
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
$167 / 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
$13,069
Tax year 2023
Assessed value
$429,147
Assessed 2024
Previous assessed
$459,293
-6.6% YoY
Effective rate
3.05%
On assessed value
Assessed land
$152,460
Assessed improvement
$276,687
Land market value
$435,600
Improvement market value
$790,534
Total market value
$1,226,134
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
8,878 SF
Lot
1 ac (43,560 SF)
APN
162-11-815-017
UPID
US62-0439167
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
MEDICAL BUILDING Current
Est. value
$2.4M
MEDICAL BUILDING Current
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Childrens Learn And Play LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1934 S WALNUT RD, LAS VEGAS, NV 89104-5005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Childrens Learn And Play LLC
Buona Vita LLC
Quit Claim Deed
related
—
Mar 20, 2024
—
Buona Vita LLC
Childrens Learn And Play LLC
Intrafamily Transfer
related
—
Nov 25, 2014
$1,460,000
Noval,constantino Living Trust
Fran Glo Investments LLC 5
Grant Deed
—
May 1, 2013
$1,500,000
Fran Of Glo Investments LLC 5
William P Floyd Family LP
Grant Deed
$1,050,000 · Umpqua Bank
Jun 22, 2006
$3,150,000
William P Floyd Family
1950 Desert Inn Road LLC
Grant Deed
$1,785,133 · Bankwest Of Nevada
Jun 16, 2004
$2,475,000
1950 Desert Inn Road LLC
Nbw Financial LLC
Grant Deed
$1,762,500 · Bankwest Of Nevada
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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