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Property profile & analytics
OFF-MARKET
Estimated value
$7,810,000
Office buildings
3080 Durango Dr Las Vegas, NV 89117-9193
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-0061461
Property summary
AI-generated overview
This exceptional 1,600 square foot office space is located at 3080 S Durango Dr, Las Vegas, NV 89117. Currently available for lease, this traditional office space is perfect for a variety of businesses. The layout includes three private offices, ideal for individual work or small teams, and a dedicated break room for employee comfort and convenience. A welcoming reception/waiting area greets clients and visitors, creating a professional first impression. The space also features a large open bullpen area, providing ample room for collaborative work or additional workstations. This is a downstairs unit. This is the last available space in the building, making it a truly unique opportunity. The property is classified as both a Traditional Office and Executive Office, offering a versatile and adaptable environment. The multiple tenancy structure allows for flexibility in lease terms and arrangements. The prime location in Las Vegas, Nevada offers excellent accessibility and visibility. Don't miss this chance to secure this highly desirable office space. Inquire today to learn more about lease terms and availability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
FRAME
Total area
29,460 SF
Lot
3.5 ac (152,460 SF)
APN
163-09-312-012
UPID
US62-0061461
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
-
Reconciled Church Church
-
Highlands Residential Mortgage Loan Service Bank
-
Injury Help Desk Law Firm
-
Vegas Reo Services Real Estate Agency
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.44M
Comparable Approach
Comparable
$9.58M
Blend (final)
Blend
$7.81M
Owner & transaction history
Mihata Holdings Living LLC · 6 yrs held
Mihata Holdings Living LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.8M
+50.9%
Retail stores
$11.0M
+29.9%
Industrial (general)
$8.7M
+2.9%
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%
$8,060,000
6.5%
$7,440,000
7%
$6,910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,790,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$11,015,000
Change: +30% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,725,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$7.81M
Range $7.03M – $8.59M · ±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
$265 / 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
$62,158
Tax year 2023
Assessed value
$2,860,381
Assessed 2024
Previous assessed
$2,541,639
+12.5% YoY
Effective rate
2.17%
On assessed value
Assessed land
$683,021
Assessed improvement
$2,177,360
Land market value
$1,951,489
Improvement market value
$6,221,029
Total market value
$8,172,518
Applied tax rate
417.0000
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
Off-Market
Year built
2003
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
29,460 SF
Lot
3.5 ac (152,460 SF)
APN
163-09-312-012
UPID
US62-0061461
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
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
RETAIL STORES
Est. value
$11.0M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
3.5 ac
Current owner
From public records · entity-resolved
Mihata Holdings Living LLC
Entity
Free & Clear · 6 yrs held
Mailing address
9101 ALTA DR UNIT #704, LAS VEGAS, NV 89145-8536
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
—
Mihata Holdings Living LLC
Mihata Rose E Living Trust
Quit Claim Deed
related
—
Jul 11, 2005
—
Rose E Mihata
Mihata Rose F Trust
Quit Claim Deed
—
Jan 21, 2005
$10,100,000
Mihata Rose E Trust
Allied Investments LLC
Grant Deed
$5,000,000 · Bankwest Of Nevada
—
—
Mihata Holdings LP
—
Deed Of Trust
related
$2,400,000 · Pacific Premier Bank
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
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