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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Medical Office Space
3131 Charleston Blvd Ste 110 Las Vegas, NV 89102-1989
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0324837
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
FRAME
Total area
5,092 SF
Lot
0.66 ac (28,750 SF)
APN
162-05-112-006
UPID
US62-0324837
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
$1.68M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.68M
Owner & transaction history
Crimson Estates LLC · 2 yrs held
Crimson Estates LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+57.7%
Office building
$1.5M
+9.0%
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
$1,675,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,210,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$1,525,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,255,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.68M (Jan 2 2024)
Last sale anchor
$1.68M
Jan 2 2024
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
$329 / 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
$12,073
Tax year 2023
Assessed value
$425,188
Assessed 2024
Previous assessed
$384,494
+10.6% YoY
Effective rate
2.84%
On assessed value
Assessed land
$191,188
Assessed improvement
$234,000
Land market value
$546,251
Improvement market value
$668,571
Total market value
$1,214,822
Applied tax rate
213.0000
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
2006
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
2
Total area
5,092 SF
Lot
0.66 ac (28,750 SF)
APN
162-05-112-006
UPID
US62-0324837
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
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Crimson Estates LLC
Entity
Mailing address
342 E 600TH S, ST GEORGE, UT 84770-3949
Ownership since
2024
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
Jun 11, 2024
—
Crimson Estates LLC
—
Deed
related
$698,000 · Mountain West Small Business Finance
Jan 2, 2024
$1,675,000
Crimson Estates LLC
Jane W Chan
Bargain And Sale Deed
$1,530,000 · State Bank Of Southern Utah
Dec 31, 2012
—
Chan Rosalie Y 2012 Trust
Chan Rosalie Y Trust
Quit Claim Deed
related
—
Jan 18, 2007
—
Chan Rosalie Y Trust
J & R Chan LLC
Quit Claim Deed
related
—
May 12, 2005
$700,000
J & R Chan LLC
American Academy Of Neurological
Grant Deed
$700,000 · Rosalie Y Chan
Sep 29, 2000
$317,500
American Academy Of Neurologic
Mesa Pacific
Grant Deed
—
Aug 30, 1996
$372,500
Pacific Mesa
Hanley,jack D & Kathleen M
Grant Deed
$280,000 · Las Vegas Business Park
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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