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Property profile & analytics
OFF-MARKET
Estimated value
$10,980,000
Medical Office Space
2202 Craig Rd North Las Vegas, NV 89032-3018
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0463466
Property summary
AI-generated overview
This exceptional 3,719 square foot medical office suite is available for lease within a new Aldi-anchored retail center. The fully built-out space is ready for immediate occupancy and boasts a high-visibility location on a busy street. This thriving retail center enjoys a strong tenant mix, including established businesses such as Big 5 Sporting Goods, CareNow Urgent Care, Nevada State Bank, Acceleration Academy, and IHOP. The property is situated in a C-1 zoned area, on a 0.08-acre lot, and is part of a larger 8,566 square foot multi-tenant building. The suite will be delivered vacant, allowing for seamless tenant improvements to meet specific needs. Benefit from the high traffic volume and visibility associated with this prime location, surrounded by successful businesses and a promising future in this rapidly developing retail hub. The space is ideal for healthcare professionals seeking a well-established and easily accessible location. No furniture is included.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,173 SF
Lot
0.84 ac (36,590 SF)
APN
139-05-616-003
UPID
US62-0463466
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
-
Dr. David R. Wichman, DO Physician
-
Fihn, Greg E MD Physician
-
Care Now Urgent Care: Padre-Cadavona Laurena MD Physician
-
AMELIA HOLMES Physician
-
DARRYL L FORTSON Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.98M
Owner & transaction history
Poppel Properties LLC · 4 yrs held
Poppel Properties LLC
since 2021
Last sale
$12.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.8M
+268.3%
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
Method
Estimation
Statistic approach
$10,580,000
ML approach
$9,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,760,000
Change: +268% · Conversion: Difficult
Blend value · Realmo final
$10.98M
Range $9.88M – $12.08M · ±10% · vs last sale $12.14M (Jul 16 2021)
Last sale anchor
$12.14M
Jul 16 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
$1,197 / 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
$17,514
Tax year 2023
Assessed value
$582,906
Assessed 2024
Previous assessed
$534,555
+9.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$204,904
Assessed improvement
$378,002
Land market value
$585,440
Improvement market value
$1,080,006
Total market value
$1,665,446
Applied tax rate
250.0000
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
9,173 SF
Lot
0.84 ac (36,590 SF)
APN
139-05-616-003
UPID
US62-0463466
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
RESTAURANT
Est. value
$9.8M
RESTAURANT
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Poppel Properties LLC
Entity
Mailing address
1929 VAN NESS AVE, SAN FRANCISCO, CA 94109-3007
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
Sep 5, 2025
—
Poppel Properties LLC
—
Deed
related
$7,800,000 · The Northern Trust Co
Sep 17, 2021
—
Poppel Properties LLC
Sierra Town Center Holdings LLC
Re-recorded Document
related
—
Jul 16, 2021
$12,144,000
Poppel Properties LLC
Sierra Town Center Holdings LLC
Bargain And Sale Deed
—
Dec 26, 2017
$10,850,000
Sierra Town Center Holdings Ll
Sierra Town Center III LLC
Grant Deed
related
$8,500,000 · Us Bank NA #2015-c25 (ce)
Aug 24, 2005
$1,534,391
Sierra Town Center III LLC
Sierra Town Center LLC
Grant Deed
$9,200,000 · Column Financial INC
May 28, 1998
—
Sierra Town Center LLC
—
Grant Deed
related
$2,178,750 · Community Bank Nevada
Jul 16, 1997
$600,000
Sierra Town Center LLC
70 LP
Grant Deed
$1,696,000 · Commercial Bank Nevada
—
—
Sierra Town Center III LLC
—
Deed Of Trust
related
$8,500,000 · Starwood Mtg Cap
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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