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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Medical Office Space
3226 Decatur Blvd Las Vegas, NV 89130-3207
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0346564
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1997
Construction
FRAME
Total area
3,863 SF
Lot
0.35 ac (15,246 SF)
APN
139-07-410-006
UPID
US62-0346564
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
-
Dr. Owen W. Justice, DDS Dental Office
-
ABSOLUTE DENTAL Dental Office
-
Joseph Mir Dental Office
-
Absolute Dental - Decatur Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$1.23M
Owner & transaction history
Keyway Decatur LLC · 4 yrs held
Keyway Decatur LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+57.7%
Retail stores
$1.4M
+35.8%
Office building
$1.2M
+16.0%
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
$1,215,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,065,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,675,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,445,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,235,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.25M (Jul 7 2022)
Last sale anchor
$1.25M
Jul 7 2022
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
$317 / 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
$6,193
Tax year 2023
Assessed value
$185,998
Assessed 2024
Previous assessed
$184,539
+0.8% YoY
Effective rate
3.33%
On assessed value
Assessed land
$50,693
Assessed improvement
$135,305
Land market value
$144,837
Improvement market value
$386,586
Total market value
$531,423
Applied tax rate
250.0000
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
DENTAL BUILDING
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Total area
3,863 SF
Lot
0.35 ac (15,246 SF)
APN
139-07-410-006
UPID
US62-0346564
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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1997
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Keyway Decatur LLC
Entity
Mailing address
245 PARK AVE FL #44, NEW YORK, NY 10167-4400
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
—
Keyway Decatur LLC
—
Deed
related
$10,000,000 · Blue Ridge Bank
Jul 7, 2022
$1,250,000
Keyway Decatur LLC
Adg Real Estate Holdings LLC
Special Warranty Deed
—
Aug 20, 2021
$800,000
Adg Real Estate Holdings LLC
Nancys LLC
Bargain And Sale Deed
—
May 26, 2017
—
Nancys LLC
Nancys LLC
Quit Claim Deed
related
—
May 3, 2017
—
Nancys LLC
Nancys LLC
Quit Claim Deed
related
$480,000 · Western Alliance Bk
Mar 30, 2017
—
Justice Family Trust
Justice Family LLC
Quit Claim Deed
related
—
Dec 23, 2009
—
Justice Family LLC
Justice Family Trust
Quit Claim Deed
related
—
Oct 6, 2008
—
Justice Family Trust
Justice,owen W JR & Nancy J
Quit Claim Deed
related
—
Jan 27, 2004
—
Justice Family
Justice,owen & Nancy
Quit Claim Deed
related
—
Jun 14, 1996
$85,000
Owen W Justice
Cheyenne Decature Ltd
Grant Deed
$700,000 · Bankwest Of Nevada
—
—
Owen W Justice
—
Deed Of Trust
related
$676,000 · Bankwest Of Nevada
—
—
Nancys LLC
—
Deed Of Trust
related
$480,000 · Western Alliance Bk
—
—
Justice Family Trust
—
Deed Of Trust
related
$629,255 · Bank Of Nevada
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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