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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Office buildings
340 Falcon Rdg Pkwy Ste 600 Mesquite, NV 89027-8852
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0495328
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
7,838 SF
Lot
0.61 ac (26,572 SF)
APN
002-13-510-012
UPID
US62-0495328
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
$1.80M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.80M
Owner & transaction history
Trx2 LLC · 2 yrs held
Trx2 LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+8.2%
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 Mesquite submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesquite 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
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,225,000
7%
$2,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,355,000
Current use
RETAIL STORES
$2,545,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$2,265,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Feb 29 2024)
Last sale anchor
$1.80M
Feb 29 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
$230 / 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
$6,704
Tax year 2023
Assessed value
$316,729
Assessed 2024
Previous assessed
$305,203
+3.8% YoY
Effective rate
2.12%
On assessed value
Assessed land
$41,851
Assessed improvement
$274,878
Land market value
$119,574
Improvement market value
$785,366
Total market value
$904,940
Applied tax rate
902.0000
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
2006
Construction
FRAME
Heating
YES
Stories
1
Total area
7,838 SF
Lot
0.61 ac (26,572 SF)
APN
002-13-510-012
UPID
US62-0495328
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
$2.4M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL 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
2006
Construction
FRAME
Heating
YES
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Trx2 LLC
Entity
Mailing address
11059 SHILOH CT, RANCHO CUCAMONGA, CA 91737-7811
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
Feb 29, 2024
$1,800,000
Trx2 LLC
Prospector Enterprises LLC
Bargain And Sale Deed
—
Dec 31, 2015
$450,000
Prospector Enterprises LLC
Western Alliance Bank
Quit Claim Deed
related
—
Oct 11, 2011
$495,000
Bank Of Nv
Ball James B
Trustees Deed
related
—
Oct 28, 2008
$1,263,537
Jay D Hills
Braasch,allen K
Grant Deed
$900,000 · Bank Of Nevada
Jul 26, 2006
$535,000
Jay D Hills
Hills,jay D & Rhonda V
Grant Deed
related
$92,000 · Jay D & Rhonda V Hills
—
—
Prospector Ents LLC
—
Deed Of Trust
related
$585,000 · Cache Vly Bk
—
—
Jay D Hills
—
Deed Of Trust
related
$398,880 · B A K Trust
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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