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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Medical Office Space
2615 Box Cyn Dr Las Vegas, NV 89128-0450
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0408141
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
FRAME
Total area
6,524 SF
Lot
0.79 ac (34,412 SF)
APN
138-15-710-032
UPID
US62-0408141
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
-
Aaron Storey Physician
-
Kasie Palmer, PA-C Physician
-
Dr. Candace Spann Physician Medical Clinic
-
Skin and Cancer Institute - Las Vegas (Box Canyon) Spa & Massage Center Alternative Medicine Practice
-
Box Canyon Dermatology & Skin Cancer Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.61M
Owner & transaction history
Series 2 Of Pardis 28 LLC · 1 yrs held
Series 2 Of Pardis 28 LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+35.8%
Industrial (general)
$1.9M
+7.6%
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
$1,480,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,795,000
Current use
RETAIL STORES
$2,440,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,930,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10% · vs last sale $1.78M (Apr 15 2025)
Last sale anchor
$1.78M
Apr 15 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
$246 / 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
$13,272
Tax year 2023
Assessed value
$468,268
Assessed 2024
Previous assessed
$429,183
+9.1% YoY
Effective rate
2.83%
On assessed value
Assessed land
$180,663
Assessed improvement
$287,605
Land market value
$516,180
Improvement market value
$821,729
Total market value
$1,337,909
Applied tax rate
200.0000
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
Total area
6,524 SF
Lot
0.79 ac (34,412 SF)
APN
138-15-710-032
UPID
US62-0408141
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
$1.8M
RETAIL STORES
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING Current
RETAIL STORES
INDUSTRIAL (GENERAL)
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
Lot
0.79 ac
Current owner
From public records · entity-resolved
Series 2 Of Pardis 28 LLC
Entity
Mailing address
PO BOX 16297, BEVERLY HILLS, CA 90209-2297
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Series 2 Of Pardis 28 LLC
2615 Box Canyon Drive LLC
Quitclaim Deed
related
—
May 31, 2022
—
Box Canyon Drive 2615 LLC
—
Deed
related
$1,514,870 · First Citizens Bank & Trust Co
Oct 15, 2021
$1,782,200
2615 Box Canyon Drive LLC
Box Canyon Holdings LLC
Bargain And Sale Deed
—
Jun 8, 2021
—
Box Canyon Holdings LLC
—
Deed
related
$500,000 · Meadows Bank
Oct 28, 2014
$1,170,000
Box Canyon Holdings LLC
Phase One Properties LLC
Bargain And Sale Deed
$599,000 · Meadows Bank
—
—
Box Canyon Holdings LLC
—
Deed Of Trust
related
$483,000 · Nevada St Dev
—
—
Box Canyon Holdings LLC
—
Deed Of Trust
related
$483,000 · Nevada St Dev
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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