New search
Property profile & analytics
FOR LEASE
Office buildings
302 E Carson Ave Las Vegas, NV 89101
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0383878
For Lease
1 / 9
$8.04 SF/Yr
302 E Carson Ave, Las Vegas, NV 89101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
157,920 SF
Lot
0.48 ac (20,909 SF)
APN
139-34-210-066
UPID
US62-0383878
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.89M
Comparable Approach
Comparable
$49.80M
Blend (final)
Blend
$40.01M
Owner & transaction history
Drock 3rd Street LLC · 8 yrs held
Drock 3rd Street LLC
since 2018
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,205,000
6.5%
$39,885,000
7%
$37,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$52,740,000
Current use
INDUSTRIAL (GENERAL)
$46,760,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$40.01M
Range $36.00M – $44.01M · ±10%
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
$253 / 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
$270,010
Tax year 2023
Assessed value
$9,292,667
Assessed 2024
Previous assessed
$8,289,866
+12.1% YoY
Effective rate
2.91%
On assessed value
Assessed land
$534,225
Assessed improvement
$8,758,442
Land market value
$1,526,357
Improvement market value
$25,024,120
Total market value
$26,550,477
Applied tax rate
203.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
11
Total area
157,920 SF
Lot
0.48 ac (20,909 SF)
APN
139-34-210-066
UPID
US62-0383878
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
OFFICE BUILDING Current
Est. value
$52.7M
INDUSTRIAL (GENERAL)
Est. value
$46.8M
OFFICE BUILDING Current
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
11
Lot
0.48 ac
Current owner
From public records · entity-resolved
Drock 3rd Street LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3960 HOWARD HUGHES PKWY #180, LAS VEGAS, NV 89169-5972
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2020
—
Drock 3rd Street LLC
—
Deed
related
$25,000,000 · Fifth Third Bk NA
May 25, 2018
$39,700,000
Drock 3rd Street LLC
Hb 302 Carson Owner LLC
Grant Deed
—
Jan 29, 2015
$37,000,000
Hb 302 Carson Owner LLC
Vf Carson LLC
Grant Deed
$25,255,000 · Bank Of America
Jun 18, 2010
—
Dataside Delaware LLC
—
Deed Of Trust
related
$60,000,000 · Barclays Bank Plc
Oct 6, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 9, 2006
$13,500,000
Carson Properties Nevada LLC
Carson Street Investments LLC
Deed
$15,440,000 · Wells Fargo Bank NA
Jan 30, 2001
$8,123,000
Carson Street Investments LLC
Teachers Realty Corp
Grant Deed
—
Nov 12, 1999
—
Carson Street Investment LLC
—
Deed Of Trust
related
$11,320,000 · Finova Realty Capital INC
—
—
Dataside Delaware LLC
—
Deed Of Trust
related
$198,000,000 · Royal Bank Of Canada
—
—
Drock 3rd Street LLC
—
Deed Of Trust
related
$25,000,000 · Fifth Third Bk NA
—
—
Dataside Delaware LLC
—
Deed Of Trust
related
$89,000,000 · Barclays Bank Plc
—
—
Dataside Delaware LLC
—
Deed Of Trust
related
—
—
—
Dataside Delaware LLC
—
Deed Of Trust
related
$283,512,500 · Royal Bank Of Canada
—
—
Vf Carson LLC
—
Loan Modification
related
$24,335,000 · Fifth Third Bank
—
—
Carson Street Investments LLC
—
Deed Of Trust
related
$5,400,000 · Individual
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?”
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.
