Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased, single-story office building totaling 4,500 square feet situated on a 0.46-acre lot in Las Vegas, Nevada. The property, built in 1974 and classified as Class C, features three units currently operating at 100% occupancy under a gross lease structure. The primary tenant is a daycare facility, secured under a new 36-month lease (commencing May 15, 2023) with a monthly rent of $7,725.52, including a 4% annual rent increase. This lease includes three additional three-year option periods with automatic 4% annual increases. A secondary tenant occupies one unit on a month-to-month basis, providing flexibility for future income generation. The property's strategic location near the 215 freeway and Harry Reid International Airport, within a high-density residential area, ensures strong tenant demand and future appreciation potential. The property's APN is 162-25-415-007 and is zoned CP. This is a rare opportunity to acquire a stable, high-yielding investment property in a rapidly growing market. The asking price is $1,100,000, translating to $244.44 per square foot.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
FRAME
Total area
4,580 SF
Lot
0.46 ac (20,038 SF)
APN
162-25-415-007
UPID
US62-1256231
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
High School Daycare Center
-
Insurance Agency
-
Food Processing Plant Factory
-
Insurance Agency
-
HVAC Service General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$375k
Owner & transaction history
since 2026
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$1.7M
+48.7%
Medical building
$1.3M
+9.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 20 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$375k
Value range
$338k – $413k
±10% around blend
Estimated value / SF
$82 / SF
Confidence
High
20 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$338k
blend $375k
$413k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,580 SF
Lot area
0.46 ac
Year built
1973
Stories
1
APN
162-25-415-007
Assessed value
$124,982
Annual tax
$3,494
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.16M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.26M
@ 6.5% CAP return
$1.16M
@ 7% CAP return
$1.08M
4
Sales comparison
Partial preview
Sales approach indication
$1.46M
Weighted, 20 comps · high confidence
Evidence
20 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 5,795 SF
3.3 mi away · 3,758 SF
4.2 mi away · 5,589 SF
4.9 mi away · 3,900 SF
5.5 mi away · 4,070 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$375k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 82 sales
$251
-67%
Submarket 903 sales
$303
-73%
County 1070 sales
$300
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $82/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+49%
vs current-use indication
Medical Building
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 20 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.20M
Move the market yield to see immediate price impact.
Value / SF
$262
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$76k
$1.51M
$1.08M
$840k
$84k
$1.68M
$1.20M
$933k
$92k
$1.85M
$1.32M
$1.03M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
20 found
High confidence · county-verified
Closest comparable
$1.25M
0.3 mi · Jan 2026 · $376/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,494
Tax year 2023
Assessed value
$124,982
Assessed 2024
Previous assessed
$119,973
+4.2% YoY
Effective rate
2.80%
On assessed value
Assessed land
$56,106
Assessed improvement
$68,876
Land market value
$160,303
Improvement market value
$196,789
Total market value
$357,092
Applied tax rate
470.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Rooms
12
Bathrooms
3
Total area
4,580 SF
Lot
0.46 ac (20,038 SF)
APN
162-25-415-007
UPID
US62-1256231
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
12
Bathrooms
3
Lot
0.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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