Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Medical Office Space
2012 Hamilton Ln Las Vegas, NV 89106-4011
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-1262158
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
FRAME
Total area
5,577 SF
Lot
0.39 ac (16,988 SF)
APN
139-33-301-012
UPID
US62-1262158
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
-
Marathon Law Group Law Firm
-
Mandelbaum Ellerton & Mc Bride Law Firm Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.60M
Owner & transaction history
U S Small Business Adminstration · 4 yrs held
U S Small Business Adminstration
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+57.7%
Retail stores
$2.1M
+35.8%
Office building
$1.7M
+10.0%
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
$1,730,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,535,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,420,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$2,085,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,690,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.50M (Sep 15 2021)
Last sale anchor
$1.50M
Sep 15 2021
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
$286 / 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
$12,359
Tax year 2023
Assessed value
$516,176
Assessed 2024
Previous assessed
$467,734
+10.4% YoY
Effective rate
2.39%
On assessed value
Assessed land
$142,699
Assessed improvement
$373,477
Land market value
$407,711
Improvement market value
$1,067,077
Total market value
$1,474,788
Applied tax rate
214.0000
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
2004
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Rooms
4
Bathrooms
1
Total area
5,577 SF
Lot
0.39 ac (16,988 SF)
APN
139-33-301-012
UPID
US62-1262158
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
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE 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
2004
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Rooms
4
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
U S Small Business Adminstration
Individual
Mailing address
3838 ARROWBROOK WAY, NORTH LAS VEGAS, NV 89032-0182
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2021
—
U S Small Business Adminstration
Nevada State Development Corporatio
Assignment Of Lease (leasehold Sale)
$543,000 · Nevada State Developement Corporation
Sep 15, 2021
$1,500,000
Siouxper Rebels Holding Company LLC
Irene Mandelbaum Kim
Bargain And Sale Deed
$762,748 · Valley Bank Of Nevada
Feb 25, 2005
$450,547
Lawrence M Allen
Gentile,mark L & Sharon R
Grant Deed
related
—
Dec 3, 2003
—
Mark L Gentile
—
Trustees Deed
related
$705,000 · Business Bank Of Nevada
Oct 3, 2003
—
Las Vegas City (nv)
Gentile,mark L & Sharon R
Grant Deed
related
—
Mar 17, 2003
$249,000
Mark L Gentile
Hamilton,margaret
Grant Deed
$149,000 · Nevada State Bank
—
—
Lawrence M Allen
—
Deed Of Trust
related
$454,632 · City Nat'l Bk
—
—
Kim I Mandelbaum
—
Deed Of Trust
related
$582,000 · Nevada State Development Corp
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 2012 Hamilton Ln?
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.
